HELLOFRESH SE 
HelloFresh at a Glance
3 months | 3 months | YoY | 6 months | 6 months | YoY | |||||||||
Key Figures | ended | ended | ended | ended | ||||||||||
growth | growth | |||||||||||||
30 June 21 | 30 June 20 | 30 June 21 | 30 June 20 | |||||||||||
Key Performance Indicators | ||||||||||||||
Group | ||||||||||||||
Active customers (in millions) | 7.68 | 4.18 | 83.7% | |||||||||||
Number of orders (in millions) | 30.98 | 18.10 | 71.2% | 60.28 | 32.84 | 83.6% | ||||||||
Orders per customer | 4.0 | 4.3 | (7.0%) | |||||||||||
Meals (in millions) | 254.1 | 148.9 | 70.7% | 493.1 | 260.2 | 89.5% | ||||||||
Average order value (EUR) | 50.2 | 53.7 | (6.5%) | |||||||||||
Average order value constant currency | 52.3 | 53.7 | (2.6%) | |||||||||||
(EUR) | ||||||||||||||
USA | ||||||||||||||
Active customers (in millions) | 3.82 | 1.98 | 92.9% | |||||||||||
Number of orders (in millions) | 15.58 | 8.87 | 75.6% | 30.68 | 17.81 | 72.3% | ||||||||
Orders per customer | 4.1 | 4.5 | (8.9%) | |||||||||||
Meals (in millions) | 118.4 | 63.9 | 85.3% | 232.3 | 125.1 | 85.7% | ||||||||
Average order value (EUR) | 54.4 | 59.2 | (8.1%) | |||||||||||
Average order value constant currency | 59.6 | 59.2 | 0.7% | |||||||||||
(EUR) | ||||||||||||||
International | ||||||||||||||
Active customers (in millions) | 3.86 | 2.20 | 75.5% | |||||||||||
Number of orders (in millions) | 15.40 | 9.24 | 66.7% | 29.60 | 15.03 | 96.9% | ||||||||
Orders per customer | 4.0 | 4.2 | (4.8%) | |||||||||||
Meals (in millions) | 135.7 | 85.0 | 59.6% | 260.8 | 135.1 | 93.0% | ||||||||
Average order value (EUR) | 46.0 | 48.3 | (4.8%) | |||||||||||
Average order value constant currency | 44.8 | 48.3 | (7.2%) | |||||||||||
(EUR) | ||||||||||||||
2 | Interim Report 2021 | |
HelloFresh SE |
3 months | 3 months | YoY | 6 months | 6 months | YoY | |||||||||
Key Figures | ended | ended | ended | ended | ||||||||||
growth | growth | |||||||||||||
30 June 21 | 30 June 20 | 30 June 21 | 30 June 20 | |||||||||||
Results of operations | ||||||||||||||
Group | ||||||||||||||
Revenue (in MEUR) | 1,555.0 | 972.1 | 60.0% | 2,997.9 | 1,671.2 | 79.4% | ||||||||
Revenue constant currency (in MEUR) | 1,618.7 | 972.1 | 66.5% | 3,129.2 | 1,671.2 | 87.2% | ||||||||
Contribution Margin (in MEUR)* | 403.5 | 254.9 | 58.3% | 810.2 | 456.1 | 77.6% | ||||||||
Contribution Margin (in % of Revenue)* | 25.9% | 26.2% | (0.3 pp) | 27.0% | 27.3% | (0.3 pp) | ||||||||
AEBITDA (in MEUR) | 157.8 | 153.6 | 2.7% | 317.0 | 216.7 | 46.3% | ||||||||
AEBITDA (in % of Revenue) | 10.1% | 15.8% | (5.7 pp) | 10.6% | 13.0% | (2.4 pp) | ||||||||
USA | ||||||||||||||
Revenue (in MEUR) | 846.9 | 525.9 | 61.0% | 1,649.4 | 962.6 | 71.3% | ||||||||
Revenue constant currency (in MEUR) | 928.4 | 525.9 | 76.5% | 1,805.2 | 962.6 | 87.5% | ||||||||
Contribution Margin (in MEUR)* | 226.7 | 127.8 | 77.4% | 460.2 | 259.3 | 77.5% | ||||||||
Contribution Margin (in % of Revenue)* | 26.7% | 24.2% | 2.5 pp | 27.8% | 26.8% | 1.0 pp | ||||||||
AEBITDA (in MEUR) | 91.2 | 81.9 | 11.4% | 183.7 | 131.5 | 39.7% | ||||||||
AEBITDA (in % of Revenue) | 10.8% | 15.5% | (4.7 pp) | 11.1% | 13.6% | (2.5 pp) | ||||||||
International | ||||||||||||||
Revenue (in MEUR) | 707.9 | 446.2 | 58.7% | 1,348.3 | 708.6 | 90.3% | ||||||||
Revenue constant currency (in MEUR) | 690.3 | 446.2 | 54.7% | 1,324.0 | 708.6 | 86.8% | ||||||||
Contribution Margin (in MEUR)* | 181.7 | 130.3 | 39.4% | 359.4 | 202.6 | 77.4% | ||||||||
Contribution Margin (in % of Revenue)* | 25.6% | 29.1% | (3.5 pp) | 26.5 % | 28.5% | (2.0 pp) | ||||||||
AEBITDA (in MEUR) | 85.7 | 84.2 | 1.8% | 171.1 | 110.4 | 55.0% | ||||||||
AEBITDA (in % of Revenue) | 12.1% | 18.8% | (6.7 pp) | 12.7% | 15.5% | (2.8 pp) | ||||||||
Group Financial Position | ||||||||||||||
Net working capital (in MEUR) | (288.1) | (165.2) | (288.1) | (165.2) | ||||||||||
Cash flow from operating activities (in | 103.1 | 148.9 | 311.3 | 281.4 | ||||||||||
MEUR) | ||||||||||||||
Cash and cash equivalents (in MEUR) | 933.4 | 611.5 | 933.4 | 611.5 | ||||||||||
Free cash flows (in MEUR) | 61.2 | 131.8 | 232.8 | 243.0 | ||||||||||
* Net of share-based compensation expenses |
3 | Interim Report 2021 | |
HelloFresh SE |
Contents | ||
A Interim Group Management Report...................................................................................................................... | ||
1. | Fundamentals of the Group............................................................................................................................ | 6 |
2. | Economic Position........................................................................................................................................... | 6 |
3. | Position of the Group...................................................................................................................................... | 7 |
4. | Risk and Opportunity Report.......................................................................................................................... | 13 |
5. | Outlook............................................................................................................................................................. | 14 |
B Interim Condensed Consolidated Financial Statements................................................................................... | 16 | |
Interim Condensed Consolidated Statement of Financial Position.................................................................... | 17 | |
Interim Condensed Consolidated Statement of Comprehensive Income........................................................... | 19 | |
Interim Condensed Consolidated Statement of Changes in Equity.................................................................... | 20 | |
Interim Condensed Consolidated Statement of Cash Flows................................................................................ | 21 | |
Explanatory Notes to the Interim Condensed Consolidated Financial Statement............................................ | 23 | |
C Further Information................................................................................................................................................ | 30 | |
Responsibility Statement by the Management Board.......................................................................................... | 30 | |
Auditor Review Report............................................................................................................................................. | 31 | |
Glossary..................................................................................................................................................................... | 32 | |
Financial Calendar.................................................................................................................................................... | 34 | |
Imprint....................................................................................................................................................................... | 35 |
4 | Interim Report 2021 | |
HelloFresh SE |
- Interim Group Management Report
of HelloFresh Group as of 30 June 2021
1 | Fundamentals of the Group.................................................................................................................................... | 6 | |
2 | Economic Position................................................................................................................................................... | 6 | |
2.1 | General Economic Conditions......................................................................................................................... | 6 | |
2.2 | Course of Business............................................................................................................................................ | 6 | |
2.3 | HelloFresh Share and Share Capital Structure.............................................................................................. | 6 | |
3 | Position of the Group.............................................................................................................................................. | 7 | |
3.1 | Earnings Position of the Group........................................................................................................................ | 7 | |
3.2 | Financial Position of the Group....................................................................................................................... | 8 | |
3.3 | Asset Position of the Group.............................................................................................................................. | 9 | |
3.4 | Financial Performance of the Reportable Segments.................................................................................... | 10 | |
3.4.1 Financial Performance of US Segment................................................................................................ | 10 | ||
3.4.2 Financial Performance of International Segment.............................................................................. | 11 | ||
4 | Risk and Opportunity Report................................................................................................................................. | 13 | |
5 | Outlook...................................................................................................................................................................... | 13 | |
5.1 | Economic Conditions........................................................................................................................................ | 14 | |
5.2 | Outlook.............................................................................................................................................................. | 15 |
5 | Interim Report 2021 | |
HelloFresh SE |
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HelloFresh SE published this content on 10 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2021 04:38:24 UTC.
