German meal-kit maker HelloFresh reported first quarter revenue in line with expectations as well as confirming its full year outlook.
Its revenue measured in constant currency terms fell by 8.3% to €1.9 billion ($2.16 billion) in the quarter, in line with analysts’ average estimate of €1.90 billion in a company-compiled poll.
The Berlin-based company, which said activist investor Active Ownership Capital (AOC) will get a seat on its supervisory board, expects adjusted core profit (AEBITDA) to come in at between €450 million and €500 million in 2025.
Dominik Richter, CEO and co-founder of HelloFresh said, “In Q1 2025 we executed strongly on our strategy to purposely focus on profits and cash flow over topline revenue.
“While we are working hard on improving our efficiency across the board, now is also the time to look forward and focus on what’s to come.”
HelloFresh Group’s adjusted EBITDA reached €58.1 million during the quarter from €16.8 million in the same period last year due to the impact of its ongoing efficiency programme.
The programme includes measures targeting labour productivity increases, production footprint rationalisation, overhead personnel cost savings, higher ROI on marketing spend, indirect procurement savings and capex reductions, the company noted.
