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Technology

HelloFresh Reports 45% Increase In Revenue In Third Quarter

Concerns that the purchasing of meal kits might start to wane once pandemic lockdowns subsided appear to have been premature, with HelloFresh reporting a 45% increase in revenue in the third quarter of its financial year, to €1.41 billion.

The business saw 27.59 million orders placed via its platform in the quarter, up from 19.49 million in the corresponding period last year, equating to a 41.6% increase. Active customer numbers grew by 38.8% year-on-year.

Adjusted EBITDA was down, however, to €79.8 million (compared to €114.7 million last year), due to capacity ramp-up, inflation in some cost categories, and recent acquisitions.

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