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HelloFresh SE (HLFFF)

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101.15+4.24 (+4.38%)
At close: 1:51PM EDT
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Previous close96.91
Open97.46
Bid0.00 x 0
Ask0.00 x 0
Day's range96.99 - 101.15
52-week range26.00 - 103.15
Volume17,693
Avg. volume10,449
Market cap17.555B
Beta (5Y monthly)0.16
PE ratio (TTM)34.98
EPS (TTM)2.89
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • EQS Group

    Q1 2021: HelloFresh SE reaches 7.3 million customers in record quarter

    DGAP-News: HelloFresh SE / Key word(s): Quarterly / Interim Statement04.05.2021 / 06:47 The issuer is solely responsible for the content of this announcement.Q1 2021: HelloFresh SE reaches 7.3 million customers in record quarter- Active customer base grows strongly to 7.3 million in Q1 2021, adding around 1 million customers each in the Intl. and in the US segment vs. Q4 2020.- Group revenue more than doubles y-o-y, reaching €1.44 billion in Q1 2021 (+116.1% y-o-y in constant currency, Q1 2020: €699.1 million).- Adjusted EBITDA for the group reaches €159 million, corresponding to an adjusted EBITDA margin of 11%.Berlin, 4th May, 2021 - HelloFresh SE ("HelloFresh"), the world's leading meal kit company, delivered a very strong start to the year. In the first quarter of 2021, the company saw y-o-y and sequential growth in active customers across both operating segments (the US segment and the International segment), reaching 7.3 million (Q1 2020: 4.18 million; Q4 2020: 5.29 million). The group's revenue reached €1.44 billion (+116.1% y-o-y in constant currency, Q1 2020: €699.1 million). The robust performance was mainly driven by strong customer growth and supported by continued high order rates and order values. On an adjusted EBITDA basis, HelloFresh reached €159 million in the first quarter of 2021 (+152.3% y-o-y, Q1 2020: €63.1 million), corresponding to an adjusted EBITDA margin of 11%."2021 has set off to a strong start. Our teams have been working hard to de-bottleneck the capacity constraints we were experiencing over the majority of 2020, especially in our US market. As a result, we've welcomed more customers than ever to HelloFresh", says Dominik Richter, CEO and co-founder of HelloFresh. "As consumers around the world have been adapting to new habits, like buying groceries online, they've also discovered the many advantages of our full meal solutions over traditional grocery shopping. Since we offer our customers great value for money, convenience as well as tasty and healthy meals, I am confident that we will benefit disproportionately from the shift to increased online grocery penetration."Growth initiatives continue to pay offThe recently acquired US ready-to-eat meal company Factor is already favorably contributing to the group's success. Both HelloFresh and Factor have shown exceptionally high growth rates in 2020, growing significantly faster than their overall respective categories. This trend has continued in Q1 2021 and allowed the group to gain meaningful market share across all brands.Revenue growth outlook for 2021 of 35% -45%HelloFresh raised it's full year guidance for revenue growth on April 15th. Based on the strong performance in the first quarter of 2021 the company increased its full year 2021 revenue growth guidance on a constant currency basis from previously between 20% and 25% to now between 35% and 45%. The company also narrowed its full year 2021 adjusted EBITDA margin guidance from previously between 9% and 12% to now between 10% and 12%.Key Performance IndicatorsGroup Q1 2021 Q1 2020 Y-o-Y Active customers (m) 7.28 4.18 74.2% Number of orders (m) 29.28 14.74 98.6% Meals delivered (m) 239.1 111.3 114.8% U.S. Q1 2021 Q1 2020 Y-o-Y Active customers (m) 3.69 2.64 39.8% Number of orders (m) 15.10 8.95 68.7% Meals delivered (m) 113.9 61.3 85.8% International Q1 2021 Q1 2020 Y-o-Y Active customers (m) 3.59 1.54 133.1% Number of orders (m) 14.20 5.79 145.3% Meals delivered (m) 125.1 50.0 150.2% Results of OperationsGroup Q1 2021 Q1 2020 Y-o-Y Revenue (in mEUR) 1,442.9 699.1 106.4% Revenue growth in constant currency 1,510.6 699.1 116.1% Contribution Margin (in mEUR)* 406.6 201.1 102.2% Contribution Margin (in % of Revenue) 28.2% 28.8% (0.6) pp AEBITDA (mEUR) 159.2 63.1 152.3% AEBITDA (in % of Revenue) 11.0% 9.0% 2.0 pp U.S. Q1 2021 Q1 2020 Y-o-Y Revenue (in mEUR) 802.4 436.7 83.7% Revenue growth in constant currency 876.9 436.7 100.8% Contribution Margin (in mEUR)* 233.6 131.5 77.6% Contribution Margin (in % of Revenue) 29.1% 30.0% (0.9) pp AEBITDA (mEUR) 92.5 49.6 86.5% AEBITDA (in % of Revenue) 11.5% 11.3% 0.2 pp International Q1 2021 Q1 2020 Y-o-Y Revenue (in mEUR) 640.4 262.2 144.2% Revenue growth in constant currency 633.7 262.2 141.7% Contribution Margin (in mEUR)* 177.9 72.3 146.1% Contribution Margin (in % of Revenue) 27.6% 27.6% 0.0 pp AEBITDA (mEUR) 85.3 26.2 225.6% AEBITDA (in % of Revenue) 13.3% 10.0% 3.3 pp *Net of share-based compensation expenses About HelloFreshHelloFresh SE is the world's leading meal-kit company and operates in the U.S., the United Kingdom, Germany, the Netherlands, Belgium, Luxembourg, Australia, Austria, Switzerland, Canada, New Zealand, Sweden, France and Denmark. In Q1 2021, HelloFresh delivered 239 million meals and reached close to 7.3 million active customers. HelloFresh was founded in Berlin in November 2011 and went public on the Frankfurt Stock Exchange in November 2017. HelloFresh has offices in New York, Berlin, London, Amsterdam, Sydney, Toronto, Auckland, Paris and Copenhagen. Press contact Saskia Leisewitz Senior Corporate Communications Manager HelloFresh Group +49 (0) 174 72 35 961 sl@hellofresh.com www.hellofreshgroup.com 04.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: HelloFresh SE Saarbrücker Straße 37a 10405 Berlin Germany E-mail: ir@hellofresh.com Internet: www.hellofreshgroup.com ISIN: DE000A161408 WKN: A16140 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1192006 End of News DGAP News Service

  • EQS Group

    HelloFresh SE expects revenue and adjusted EBITDA ('AEBITDA') for Q1 2021 significantly above market expectations and increases its full year 2021 guidance

    HelloFresh SE / Key word(s): Change in ForecastHelloFresh SE expects revenue and adjusted EBITDA ('AEBITDA') for Q1 2021 significantly above market expectations and increases its full year 2021 guidance15-Apr-2021 / 20:05 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement. Public disclosure of inside information according to Article 17 para. 1 of the Regulation (EU) No 596/2014 on market abuse (market abuse regulation - MAR) HelloFresh SE expects revenue and adjusted EBITDA ("AEBITDA") for Q1 2021 significantly above market expectations and increases its full year 2021 guidanceInternational Securities Identification Number (ISIN): DE000A161408German Securities Code (WKN): A16140Ticker Symbol: HFGLEI: 391200ZAF4V6XD2M9G57Listed: Regulated Market in Frankfurt am Main (Prime Standard)Berlin, 15 April 2021 - HelloFresh SE ("Company") has experienced a more favorable than expected customer growth during the first quarter of 2021 and continued high order rates.Based on preliminary indications, consolidated revenue of the Company for the first quarter of 2021 is expected to amount to between approx. EUR 1,435 million and approx. EUR 1,445 million (Q1 2020: EUR 699.1 million), significantly exceeding the latest market expectations, which the Company determined to amount to EUR 1,173.9 million (arithmetic average of published broker estimates as of 15 April 2021).Based on preliminary indications, the group's AEBITDA for the first quarter of 2021 is expected to amount to between approx. EUR 155 million and approx. EUR 165 million (Q1 2020: EUR 63.1 million), significantly exceeding the latest market expectations, which the Company determined to amount to EUR 128.5 million (arithmetic average of published broker estimates as of 15 April 2021).Based on the strong performance in the first quarter of 2021, the Company increases its full year 2021 revenue growth guidance for the HelloFresh Group on a constant currency basis from previously between 20% and 25% to now between 35% and 45%. The arithmetic average of published broker estimates for Euro-reported revenue growth as of 15 April 2021 amounts to 22.7%. The Company also narrows its full year 2021 AEBITDA margin guidance for the HelloFresh Group from previously between 9% and 12% to now between 10% and 12% (arithmetic average of published broker estimates as of 15 April 2021: 10.9%).The Company will publish its financial statements for the first three months and the first quarter of 2021 as scheduled on 4 May 2021. The final numbers for the first quarter of 2021 may deviate from the ranges presented in this release. All numbers presented in this release are unaudited and based on preliminary indications.Regarding the definition of the alternative performance measure AEBITDA the Company refers to the corresponding definition in its Annual Report 2020, which has been published on the Company's website. Competent person for this publication Dr. Christian Ries Group General Counsel HelloFresh SE, Saarbrücker Straße 37a, 10405 Berlin +49 (0) 160 96382504 cr@hellofresh.com www.hellofreshgroup.com Press contact Saskia Leisewitz Senior Manager Corporate Communications HelloFresh SE, Saarbrücker Straße 37a, 10405 Berlin +49 (0) 174 72 359 61 sl@hellofresh.com www.hellofreshgroup.com Legal DisclaimerThis document contains forward-looking statements relating to the business, financial performance and results of the Company, the HelloFresh Group or the industry in which the HelloFresh Group operates. These statements may be identified by words such as "will", "expect", "belief", "estimate", "plan", "target" or "forecast" and similar expressions, or by their context. Forward-looking statements include statements regarding: strategies, outlook and growth prospects; future plans and potential for future growth; growth of products and services in new markets; industry trends; and the impact of regulatory initiatives. These statements are made on the basis of current knowledge and assumptions and involve risks and uncertainties. Various factors could cause actual future results, developments or events to differ materially from those described in these statements, and neither the Company nor any other person accepts any responsibility for the accuracy of the opinions expressed in this document or the underlying assumptions. No obligation is assumed to update any forward-looking statements.15-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: HelloFresh SE Saarbrücker Straße 37a 10405 Berlin Germany E-mail: ir@hellofresh.com Internet: www.hellofreshgroup.com ISIN: DE000A161408 WKN: A16140 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1185446 End of Announcement DGAP News Service

  • EQS Group

    HelloFresh ends strong FY 2020 with record fourth quarter results

    DGAP-News: HelloFresh SE / Key word(s): Annual Report/Annual Results02.03.2021 / 06:27 The issuer is solely responsible for the content of this announcement.HelloFresh ends strong FY 2020 with record fourth quarter results - In 2020, HelloFresh SE delivered more than 600 million meals to customers in 14 markets - Revenue for the FY 2020 more than doubled y-o-y, reaching €3.75 billion (+111% y-o-y in constant currency).- Adjusted EBITDA for the FY 2020 grew more than tenfold y-o-y, exceeding €500 million.- Active customer base in Q4 2020 saw 78% y-o-y increase, reaching 5.3 million.- Guidance for FY 2021: HelloFresh SE expects revenue growth of approximately 20-25% on a constant currency basis and an adjusted EBITDA margin between 9-12%.Berlin, 2nd March, 2021 - HelloFresh SE, the world's leading meal kit company, ended 2020 with a very strong performance, delivering more than 600 million meals to customers around the world. Group revenue for the full year 2020 amounted to €3.75 billion (+111% y-o-y in constant currency, FY 2019: €1.8 billion), supported by strong customer growth in both operating segments (the US segment and the International segment) throughout the year. Despite capacity constraints in the US and in some International markets, both segments saw revenue growth north of 100% y-o-y. On an adjusted EBITDA basis, HelloFresh SE reached €505.2 million for the FY 2020. With an adjusted EBITDA margin for the FY 2020 at 13.5%, the company is in line with the upper end of the revised guidance.The fourth quarter of 2020 marked the strongest quarter yet, with revenue exceeding €1.1 billion (+126% y-o-y in constant currency, Q4 2019: EUR 511.8 million) and an adjusted EBITDA of €173.8 million (Q4 2019: €38.6 million). This was driven by sequential growth in the number of active customers, reaching 5.3 million at the end of the fourth quarter, as well as strong order rates and an increase in average order value."2020 was without a doubt marked by unprecedented events. On the basis of our robust infrastructure, we managed to scale up our operations quickly to accommodate the rising demand. I am very proud of the team for this incredible achievement of delivering over 600 million meals to our customers in the safe space of their homes," says Dominik Richter, CEO and co-founder of HelloFresh. He continues: "Preparing and eating food at home has taken on a whole new meaning. As the pandemic hopefully winds down over the course of 2021, we expect consumers to continue to rely on e-commerce solutions to shop for food, as many have experienced the superior value proposition that we can offer in terms of price, variety and convenience."HelloFresh SE continued to generate strong free cash flow of €137.3 million in the fourth quarter (excluding purchase price payments for the acquisition of Factor75), reaching €499 million in FY2020. At the end of the full year 2020 and after the acquisition of Factor75, the cash on balance sheet amounted to €729 million.On track to become the leading integrated food solutions groupDespite facing ongoing challenges due to the pandemic, HelloFresh continued to successfully invest in growth initiatives. These included the acquisition of Factor75, a ready-to-eat meal company based in Chicago, launching operations in Denmark as well as introducing the US-born value brand Every Plate to Australia. In addition, HelloFresh continued to invest in capacity expansion and further built out its product offering. In December, the company announced its mid-term growth strategy, including its ambition to scale the business over the next few years.Dominik Richter explains: "As we have scaled the business, our customer value proposition has also become a lot better. Today, we're able to delight a lot more diverse customer groups than a few years ago. Our investments into a larger menu, better service levels and better affordability have really paid off. Going forward, we want to further expand our offering and become the leading food solutions group globally".Outlook for FY 2021For the full year 2021 HelloFresh Group indicatively expects revenue growth on a constant currency basis between 20% and 25% and an adjusted EBITDA margin between 9% and 12%. This outlook takes the expected financial impact of the acquisition of Factor75 into consideration.HelloFresh will present its 2020 Sustainability Report on March 16th, 2021.Key Performance IndicatorsGroup Q4 2020 Q4 2019 Y-o-Y FY 2020 FY 2019 Y-o-Y Active customers (m) 5.29 2.97 78.3% Number of orders (m) 22.00 10.54 108.8% 74.30 37.45 98.4% Meals delivered (m) 179.0 79.6 125.0% 601.2 281.1 113.9% U.S. Q4 2020 Q4 2019 Y-o-Y FY 2020 FY 2019 Y-o-Y Active customers (m) 2.61 1.78 46.4% Number of orders (m) 10.90 5.98 82.4% 38.70 20.74 86.6% Meals delivered (m) 80.1 40.5 97.9% 278.0 138.2 101.2% International Q4 2020 Q4 2019 Y-o-Y FY 2020 FY 2019 Y-o-Y Active customers (m) 2.68 1.18 126.4% Number of orders (m) 11.10 4.56 143.4% 35.70 16.71 113.6% Meals delivered (m) 98.9 39.1 153.0% 323.2 142.9 126.2% Results of OperationsGroup Q4 2020 Q4 2019 Y-o-Y FY 2020 FY 2019 Y-o-Y Revenue (in mEUR) 1,108.5 511.8 116.6% 3,749.9 1,809.0 107.3% Revenue growth in constant currency 125.9% 111.2% Contribution Margin (in mEUR)* 340.6 148.7 129.1% 1,056.0 518.5 103.7% Contribution Margin (in % of Revenue) 30.7% 29.1% 1.6pp 28.2% 28.7% (0.5pp) AEBITDA (mEUR) 173.8 38.6 350.3% 505.2 46.5 986.5% AEBITDA (in % of Revenue) 15.7% 7.5% 8.2pp 13.5% 2.6% 10.9pp U.S. Q4 2020 Q4 2019 Y-o-Y FY 2020 FY 2019 Y-o-Y Revenue (in mEUR) 584.4 293.2 99.3% 2,073.3 1,024.8 102.3% Revenue growth in constant currency 114.8% 107.1% Contribution Margin (in mEUR)* 184.9 85.6 116.0% 572.1 302.4 89.2% Contribution Margin (in % of Revenue) 31.5% 29.2% 2.3pp 27.5% 29.5% (2.0pp) AEBITDA (mEUR) 93.4 18.1 416.0% 282.5 8.9 nm AEBITDA (in % of Revenue) 15.9% 6.2% 9.7pp 13.6% 0.9% 12.7pp International Q4 2020 Q4 2019 Y-o-Y FY 2020 FY 2019 Y-o-Y Revenue (in mEUR) 524.1 218.5 139.9% 1,676.3 784.2 113.8% Revenue growth in constant currency 141.0% 116.5% Contribution Margin (in mEUR)* 159.2 63.7 149.9% 496.5 218.6 127.1% Contribution Margin (in % of Revenue) 30.3% 29.2% 1.1pp 29.5% 27.8% 1.7pp AEBITDA (mEUR) 95.0 32.3 194.1% 275.5 83.2 231.1% AEBITDA (in % of Revenue) 18.1% 14.8% 3.3pp 16.4% 10.6% 5.8pp *Net of share-based compensation expensesGroup Financial Position Q4 2020 Q4 2019 FY 2020 FY 2019 Net working capital (211.2) (94.4) (211.2) (94.4) Cash flow used in operating activities 185.1 15.8 601.5 42.2 Cash and Cash equivalents 729.0 193.6 729.0 193.6 Free Cash Flow (in mEUR) 137.3 (2.0) 499.0 (11.8) About HelloFreshHelloFresh SE is the world's leading meal-kit company and operates in the U.S., the United Kingdom, Germany, the Netherlands, Belgium, Luxembourg, Australia, Austria, Switzerland, Canada, New Zealand, Sweden, France and Denmark. In 2020, HelloFresh delivered over 600 million meals and reached close to 5.3 million active customers. HelloFresh was founded in Berlin in November 2011 and went public on the Frankfurt Stock Exchange in November 2017. HelloFresh has offices in New York, Berlin, London, Amsterdam, Sydney, Toronto, Auckland, Paris and Copenhagen. Press contact Saskia Leisewitz Senior Corporate Communications Manager HelloFresh Group +49 (0) 174 72 35 961 sl@hellofresh.com www.hellofreshgroup.com 02.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: HelloFresh SE Saarbrücker Straße 37a 10405 Berlin Germany E-mail: ir@hellofresh.com Internet: www.hellofreshgroup.com ISIN: DE000A161408 WKN: A16140 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1172248 End of News DGAP News Service