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DGAP-Adhoc: HelloFresh SE expects revenue and adjusted EBITDA ('AEBITDA') for Q3 2020 significantly above market expectations and increases its full year 2020 guidance

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DGAP-Ad-hoc: HelloFresh SE / Key word(s): Change in Forecast
HelloFresh SE expects revenue and adjusted EBITDA ('AEBITDA') for Q3 2020
significantly above market expectations and increases its full year 2020
guidance

16-Oct-2020 / 13:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Public disclosure of inside information according to Article 17 para. 1 of
the Regulation (EU) No 596/2014 on market abuse (market abuse regulation -
MAR)

*HelloFresh SE expects revenue and adjusted EBITDA ("AEBITDA") for Q3 2020
significantly above market expectations and increases its full year 2020
guidance*

International Securities Identification Number (ISIN): DE000A161408
German Securities Code (WKN): A16140
Ticker Symbol: HFG
LEI: 391200ZAF4V6XD2M9G57
Listed: Regulated Market in Frankfurt am Main (Prime Standard)

Berlin, 16 October 2020 - HelloFresh SE ("Company") has experienced a more
favorable than expected summer seasonality and continued strong customer
growth during the third quarter of 2020.

Based on preliminary indications, consolidated revenue of the Company for
the third quarter of 2020 is expected to amount to between approx. EUR 968
million and approx. EUR 971 million (Q3 2019: EUR 440.6 million),
significantly exceeding the latest market expectations, which the Company
determined to amount to EUR 836 million (arithmetic average of published
broker estimates as of 16 October 2020).

Based on preliminary indications, the group's AEBITDA for the third quarter
of 2020 is expected to amount to between approx. EUR 112 million and approx.
EUR 117 million (Q3 2019: EUR 15.5 million), significantly exceeding the
latest market expectations, which the Company determined to amount to EUR 73
million (arithmetic average of published broker estimates as of 16 October
2020).

Based on the strong performance in the third quarter of 2020 and continued
strong trends in the early part of the fourth quarter 2020, the Company
increases its full year 2020 revenue growth guidance for the HelloFresh
Group on a constant currency basis from previously between 75% and 95% to
now between 95% and 105%. The corresponding Euro-reported 2020 revenue
growth for the HelloFresh Group would be at current exchange rates approx.
4% points lower, i.e. would amount to between 91% and 101%. The arithmetic
average of published broker estimates for Euro-reported revenue growth as of
16 October 2020 amounts to 81%. The Company also increases its full year
2020 AEBITDA margin guidance for the HelloFresh Group from previously
between 9% and 11% to now between 11.25% and 12.75% (arithmetic average of
published broker estimates as of 16 October 2020: 10.4%).

The Company will publish its financial statements for the first nine months
and the third quarter of 2020 as scheduled on 3 November 2020. The final
numbers for the third quarter of 2020 may deviate from the ranges presented
in this release. All numbers presented in this release are unaudited and
based on preliminary indications.

Regarding the definition of the alternative performance measure AEBITDA the
Company refers to the corresponding definition in its Annual Report 2019,
which has been published on the Company's website.

*Competent person for this +49 (0) 160 96382504
publication*
cr@hellofresh.com
Dr. Christian Ries
www.hellofreshgroup.com [1]
Group General Counsel

HelloFresh SE, Saarbrücker
Straße 37a, 10405 Berlin
*Press contact* +49 (0) 174 72 359 61

Saskia Leisewitz sl@hellofresh.com

Senior Manager Corporate www.hellofreshgroup.com [1]
Communications

HelloFresh SE, Saarbrücker
Straße 37a, 10405 Berlin

*Legal Disclaimer*

This document contains forward-looking statements relating to the business,
financial performance and results of the Company, the HelloFresh Group or
the industry in which the HelloFresh Group operates. These statements may be
identified by words such as "will", "expect", "belief", "estimate", "plan",
"target" or "forecast" and similar expressions, or by their context.
Forward-looking statements include statements regarding: strategies, outlook
and growth prospects; future plans and potential for future growth; growth
of products and services in new markets; industry trends; and the impact of
regulatory initiatives. These statements are made on the basis of current
knowledge and assumptions and involve risks and uncertainties. Various
factors could cause actual future results, developments or events to differ
materially from those described in these statements, and neither the Company
nor any other person accepts any responsibility for the accuracy of the
opinions expressed in this document or the underlying assumptions. No
obligation is assumed to update any forward-looking statements.

16-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: HelloFresh SE
Saarbrücker Straße 37a
10405 Berlin
Germany
E-mail: ir@hellofresh.com
Internet: www.hellofreshgroup.com
ISIN: DE000A161408
WKN: A16140
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
EQS News ID: 1141358

End of Announcement DGAP News Service

1141358 16-Oct-2020 CET/CEST


1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=7de58be5dc79b9c59836337d7d954ee2&application_id=1141358&site_id=vwd&application_name=news


(END) Dow Jones Newswires

October 16, 2020 07:41 ET ( 11:41 GMT)
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