Open in App
  • Local
  • Headlines
  • Election
  • Crime Map
  • Sports
  • Lifestyle
  • Education
  • Real Estate
  • Newsletter
  • DPA

    HelloFresh reports preliminary Q3 revenue in line with expectations

    By DPA,

    4 days ago

    https://img.particlenews.com/image.php?url=2STnjh_0wLhhH2B00

    Meal-kit company HelloFresh on Friday said its preliminary revenue for the third quarter increased 1.9% in constant currency to €1.8 billion ($1.9 billion), in line with market expectations.

    The Berlin-based company expects adjusted EBITDA, or adjusted earnings before interest, taxes, depreciation, and amortization, to be €72 million for the quarter, significantly above the market expectations of €42 million.

    Looking ahead to the fourth quarter, HelloFresh has cut its revenue growth outlook to a range of 1% to 1.7% on a constant currency basis, from 2% to 8% guided earlier.

    Adjusted EBITDA outlook has been raised to €360 million to €400 million from €350 million to €400 million.

    "The company plans to maintain its strong focus on disciplined marketing investments also in future quarters. As a consequence, the company is targeting to acquire fewer, but on average more profitable customers," HelloFresh said.

    Firm third-quarter results are scheduled to be reported on October 29.

    Related Search

    Adjusted EBITDAMarket expectationsHellofreshMarketingEbitdaMarkets

    Comments /

    Add a Comment

    YOU MAY ALSO LIKE

    Local News newsLocal News

    Comments / 0