HelloFresh SE (WBO:HFG)
€ 8.5 -0.074 (-0.86%) Market Cap: 1.44 Bil Enterprise Value: 1.20 Bil PE Ratio: 0 PB Ratio: 1.51 GF Score: 60/100

Hellofresh SE Capital Market Day Transcript

Dec 10, 2020 / 01:00PM GMT
Release Date Price: €56.95 (+13.79%)
Dominik S. Richter
HelloFresh SE - CEO & Member of Management Board

Welcome, everyone, to HelloFresh Capital Markets Day 2020. I'm Dominik, the Founder and co-CEO of HelloFresh. 2020 has been one of those years where so much stuff happens that usually takes a number of years to happen. It's also been a year that has been incredibly eventful for us. We started the year off very strong, with about 50% year-over-year growth as we entered Q1. When the pandemic hit, not only us, but the whole world, we had to react in a very, very short span of time to what's going on outside.

We had to hire over 1,000 new associates in less than 1 month. We had to comply with a lot of different government regulations around sanitation, safety and social distancing. And we also saw demand spiking, which meant that we were operating pretty close to full capacity in a very short span of days across all of the different markets where we're operating in today.

Over Q3, we then debottlenecked our capacity constraints, especially in our international markets, and we're able to actually continue to scale up

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