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Bloomberg
HelloFresh’s stock jumped as much as 14% after the company reported preliminary 2019 results, beating analyst expectations.
Adjusted earnings before interest, tax, depreciation and amortisation for last year is expected to come in at 45 million euros ($50 million) to 48 million euros, the company said in a statement. That beat the 22.1 million-euro average estimate from analysts, according to data compiled by Bloomberg.
The startup has consistently reported better-than-expected earnings throughout 2019, helping to more than triple its share price in the last 12 months. The German company, which assembles ingredients into boxed meal kits that customers cook at home, attributed the gains to performance in the fourth quarter without elaborating. Revenue for 2019 rose about 36% on a constant-currency basis to 1.81 billion euros, HelloFresh said.