Hellofresh Reports Q1 Orders Down 2.6% YoY

HELLOFRESH SE HFG:

• Q1 GROUP REVENUE 2.07 BILLION EUR

• Q1 GROUP AEBITDA 16.8 MILLION EUR

• Q1 GROUP AEBITDA MARGIN 0.8%

• Q1 GROUP ORDERS DOWN YOY BY 2.6%

• CONTINUED GROUP AOV EXPANSION BY 6.5% ON A CONSTANT CURRENCY BASIS, DRIVEN BY HIGHER AOV IN BOTH GEOGRAPHICAL SEGMENTS

• HIGH RTE REVENUE GROWTH OF 56.2% ON A CONSTANT CURRENCY BASIS

• MEAL KITS YOY NEGATIVE CONSTANT CURRENCY REVENUE GROWTH OF 6.9%

• CONTRIBUTION MARGIN OF 25.2% COMPARED TO 26.3% IN Q1 2023, INFLUENCED BY INITIAL RAMP-UP COSTS OF SELECTED NEW FULFILMENT CENTERS AND THE RAPID RAMP-UP OF US RTE

• CONFIRMS OUTLOOK 2024