Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

Meal-kit delivery firm HelloFresh breaks-even on strong U.S. sales

Euronews logo
Text size Aa Aa

(Reuters) – German meal-kit delivery firm HelloFresh SE <HFGG.DE> on Tuesday posted a positive adjusted EBITDA for the first time since its trading debut, citing robust performance in the United States, a key market, days after its U.S.-based rival Blue Apron <APRN.N> reported weak quarterly results.

Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for the second quarter came in at 18.3 million euros (£16.9 million), compared with a loss of 3.9 million euros in the year-ago period.

The German company, which operates in Australia, Canada, the Netherlands and the United States, narrowed its full-year outlook towards the upper end of its previous forecast.

HelloFresh expects revenue growth at constant currency of about 28% to 30%, and AEBITDA margin of minus 1% to 1%.

(Reporting by Linda Pasquini, Editing by Sherry Jacob-Phillips)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.