DGAP-Adhoc: HelloFresh SE: HelloFresh SE expects revenue growth and an adjusted EBITDA ("AEBITDA") margin above its previously published guidance

2020. január 15., szerda, 23:40





DGAP-Ad-hoc: HelloFresh SE / Key word(s): Preliminary Results/Change in Forecast


HelloFresh SE: HelloFresh SE expects revenue growth and an adjusted EBITDA ("AEBITDA") margin above its previously published guidance


15-Jan-2020 / 23:40 CET/CEST


Disclosure 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 growth and an adjusted EBITDA ("AEBITDA") margin above its previously published guidance



International Securities Identification Number (ISIN): DE000A161408

German Securities Code (WKN): A16140

Ticker Symbol: HFG

LEI: 391200ZAF4V6XD2M9G57

Listed: Regulated Market in Frankfurt am Main (Prime Standard)



Berlin, 15 January 2020 - Based on preliminary and unaudited figures, consolidated revenue of HelloFresh SE ("Company") for the fiscal year 2019 is expected to amount to between EUR 1,808 million and EUR 1,811 million. This corresponds to revenue growth of approx. 36% on a constant currency basis, exceeding the Company"s previously published guidance of 31% to 33% due to better than expected performance in the fourth quarter 2019.



The segment USA is expected to contribute EUR 1,024 million to EUR 1,026 million and the segment International is expected to contribute EUR 784 million to EUR 785 million to consolidated revenue for the fiscal year 2019.



Based on preliminary and unaudited figures, the Company expects to achieve on the group level a contribution margin between 28.5% and 28.7% in the fiscal year 2019, which is in line with its previously published guidance of 28% to 29%.



Based on preliminary and unaudited figures, the group"s AEBITDA for the fiscal year 2019 is expected to amount to between positive EUR 45 million and positive EUR 48 million (which represents a positive AEBITDA margin (AEBITDA as a percentage of revenue) of 2.5% to 2.7%), exceeding its previously published guidance of 0.50% to 1.75% due to better than expected performance in the fourth quarter 2019. The segment USA is expected to contribute between positive EUR 9 million and positive EUR 10 million to AEBITDA and the International segment is expected to contribute between positive EUR 81 million and positive EUR 84 million to AEBITDA; the remainder relates to the Holding AEBITDA. AEBITDA excludes inter alia expenses incurred due to an increase in certain legal provisions in an amount of approx. EUR 10 million.



Due to the publication of this release, the Company will not publish (other than originally planned) a trading update for the fiscal year 2019 on 21 January 2020. The Company will publish its full annual report for the fiscal year 2019 as scheduled on 3 March 2020. The final numbers for the fiscal year 2019 may deviate from the ranges presented in this release.



Regarding the definitions of the alternative performance measures AEBITDA and contribution margin, the Company refers to the corresponding definitions in its Annual Report 2018, which is published on the Company"s website.





Competent person for this publication


Dr. Christian Ries


General Counsel


HelloFresh SE, Saarbrücker Straße 37a, 10405 Berlin
+49 (0) 160 96382504


cr@hellofresh.com

www.hellofreshgroup.com

 



Press contact


Saskia Leisewitz


Corporate Communications Manager


HelloFresh SE, Saarbrücker Straße 37a, 10405 Berlin
+49 (0) 174 72 359 61


sl@hellofresh.com

www.hellofreshgroup.com

 

 



 



Legal Disclaimer



This 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-Jan-2020 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: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 954567





 
End of Announcement DGAP News Service




954567  15-Jan-2020 CET/CEST







fncls.ssp?fn=show_t_gif&application_id=954567&application_name=news&site_id=geo_holding_tug
Tilos a hír bármilyen adatbázisba történő mentése vagy annak továbbítása harmadik fél számára;kereskedelmi viszonylatban vagy kereskedelmi céllal csak a Deutsche Gesellschaft für Ad-hoc-Publizität mbh írásos engedélyével történhet.