DGAP-News: HelloFresh SE / Key word(s): Quarterly / Interim Statement HelloFresh continues sustainable growth trajectory in Q3 2017 - Continued strong growth and increasing profitability underline success of long-term strategy - 1.28 million active customers strengthen HelloFresh's position as global market leader - Revenue growth year-over-year of 48% to EUR 217 million in reported currency and of 53% in constant currency - Adjusted EBITDA margin increases year-over-year by 6 percentage points to -8.0% - Cash Flow used in operating activities improves to EUR -3.0 million Berlin, November 21, 2017 - HelloFresh SE, the leading global meal kit brand, has further expanded its position as global market leader in the third quarter of 2017. As of September 30, 2017, the company has served 1.28 million active customers (up by 52% from Q3 2016: 0.84 million) with "HelloFresh continues its dynamic path towards profitability. Even though Q3 is a seasonally softer quarter in our category, we have continued our strong growth in the U.S. and were able to significantly re-accelerate growth in our international markets, making Q3 the fastest growing quarter year-to-date on a constant currency basis," says Dominik Richter, CEO and co-founder of HelloFresh SE. "The funds raised in our successful IPO provide an additional tailwind for continued growth, and the continuous contribution margin expansion to 23.2%* shows that HelloFresh is focusing on the right levers." Cash and cash equivalents as of September 30, 2017, were EUR 106.3 million (prior to taking into account the funds raised in the company's IPO). Cash flow used in operating activities was Strong track record throughout 9-months period Through the 9-months period that ended on September 30, 2017, HelloFresh achieved significant improvements in year-to-date revenue, adjusted EBITDA and adjusted EBITDA margin. The company generated year-to-date revenue of EUR 652 million (9M 2016: EUR 438 million) and year-to-date adjusted EBITDA amounted to EUR -64.0 million (9M 2016: EUR -66.3 million). This corresponds to a year-to-date adjusted EBITDA margin of -9.8% (9M 2016: -15.1%). The quarterly statement for HelloFresh's third quarter 2017 is accessible on the Investor Relations website of the company Selected key operating metrics
Selected key financial metrics
* Excluding share based compensation expenses
About HelloFresh HelloFresh is the world's leading meal kit company, operating in the U.S., the United Kingdom, Germany, the Netherlands, Belgium, Luxembourg, Australia, Austria, Switzerland and Canada. HelloFresh delivered 33.7 million meals in the 3-month period from 1 July 2017 to 30 September 2017 to 1.28 million active customers. HelloFresh was founded in November 2011 in Berlin and listed in November 2017 at the German Stock Exchange in Frankfurt am Main. HelloFresh has offices in New York, Berlin, London, Amsterdam, Zurich, Sydney and Toronto.
21.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | HelloFresh SE |
Saarbrücker Straße 37a | |
10405 Berlin | |
Germany | |
E-mail: | ir@hellofresh.com |
Internet: | www.hellofreshgroup.com |
ISIN: | DE000A161408 |
WKN: | A16140 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |