HelloFresh : More than just a coronavirus beneficiary, Q3 sales and new FY 2021 outlook to heal growth concerns
>Q3 top line above expectations thanks to the US but bottom line is below on higher costs for capacity ramp-up - Sales in Q3 2021 rose 46% y-o-y to € 1,416m (consensus: € 1,349m, ODDO BHFe: € 1,318m), i.e. was some 5% above the consensus mainly thanks to a better US business. However, both regions contributed with the US growing 50% and International 41%. The regional growth difference is explained by the Factor75 acquisition in the US. Growth in active customers was ...HelloFresh is engaged in the delivery of meal kits to customers in the U.S., the United Kingdom, Germany, the Netherlands, Belgium, Luxembourg, Australia, Austria, Switzerland and Canada. Co. provides portioned food and recipes, which its subscribers receive in weekly boxes. Co. provides both omnivore and vegetarian options, with fresh ingredients and chef-inspired recipes.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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