DGAP-Adhoc: HelloFresh SE increases its full year 2021 revenue growth outlook based on strong year-to-date growth

2021. november 01., hétfő, 19:52





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


HelloFresh SE increases its full year 2021 revenue growth outlook based on strong year-to-date growth


01-Nov-2021 / 19:52 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 increases its full year 2021 revenue growth outlook based on strong year-to-date growth



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, 1 November 2021 - The consolidated revenue of HelloFresh SE ("Company") for the third quarter of 2021 amounts to EUR 1,416 million (Q3 2020: EUR 970 million; latest market expectations (arithmetic average of published broker estimates as of 1 November 2021): EUR 1,312 million).



Based on the HelloFresh Group"s strong revenue growth year-to-date through October, driven by strong year-on-year customer growth, continued high order rates and high average order value, its management board decided today to increase the Company"s full year 2021 revenue growth outlook for the HelloFresh Group on a constant currency basis from previously between 45% and 55% to now between 57% and 62%. Based on current exchange rates, this would translate into a Euro-reported revenue growth of approx. two to three percentage points lower than the revenue growth on a constant currency basis. The increased growth outlook includes an approx. 0.4% growth contribution from the acquisition of Youfoodz, which closed on 27 October 2021 and will be consolidated for the months November and December 2021 in HelloFresh Group"s revenue. The arithmetic average of published broker estimates for 2021 Euro-reported revenue growth as of 1 November 2021 amounts to 53%.



The Company does not change its adjusted EBITDA ("AEBITDA") margin outlook as it still expects a full year 2021 AEBITDA margin for the HelloFresh Group between 8.25% and 10.25% (arithmetic average of published broker estimates for 2021 AEBITDA margin as of 1 November 2021: 9.1%).



The Company will publish its financial statements for the first nine months and the third quarter of 2021 already today. All numbers presented in this release are unaudited.



Regarding the definition of the alternative performance measure AEBITDA and related information 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, Prinzenstraße 89, 10969 Berlin
+49 (0) 160 96382504


cr@hellofresh.com

www.hellofreshgroup.com

 



Press contact


Saskia Leisewitz


Global Lead Corporate Communications


HelloFresh SE, Prinzenstraße 89, 10969 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.











01-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: HelloFresh SE

Prinzenstraße 89

10969 Berlin

Germany
E-mail: ir@hellofresh.com
Internet: www.hellofreshgroup.com
ISIN: DE000A161408
WKN: A16140
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1245233





 
End of Announcement DGAP News Service




1245233  01-Nov-2021 CET/CEST







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