HelloFresh : Q2 results overall slightly above consensus
>Top line in line, adj. EBITDA above expectations - HelloFresh released Q2 results that were slightly above the consensus overall. Revenue came in at € 1,950.8m, an increase of +1.7% y-o-y and roughly in line with consensus expectations of € 1,965.4m. Adj. EBITDA came in at € 146.4m, a decrease of -23.7% y-o-y, but +19% above consensus expectations of € 123.0m. The margin amounted to 7.5% compared to consensus expectations of 6.3%. The key business driver was the re...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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