In the second quarter, HelloFresh achieved a turnover increase of 122 percent. Also in the third quarter there should be an increase of more than 100 percent. These are good prospects for the year as a whole. The analysts at Deutsche Bank suspect that sales could improve by more than 90 percent in 2020.
This can also be seen in the company’s share price. This has increased by around 160 percent since the beginning of the year. The DAX, on the other hand, lost 3 percent.
The number of HelloFresh customers should also increase significantly by the end of the year, with an increase of 60 percent possible. The margins could increase to around 11 percent for the full year. In 2019 it was still 2.6 percent.
The analysts therefore confirm the buy recommendation for the shares of HelloFresh. The price target increases from EUR 61.00 to EUR 63.00.
The experts also expect clear growth for 2021. The analysts are increasing their expectations accordingly.
The shares of HelloFresh lose 1.2 percent in the morning to 47.02 euros.