HelloFresh SE: announces Q1-2023 financial results

Berlin / DE. (hf) HelloFresh SE published its financial results for the first quarter of 2023. In Q1-2023 HelloFresh reached an all time high quarterly revenue of EUR 2.02 billion, corresponding to a 5.3 percent revenue growth (Q1 2022: EUR 1.92 billion, 3.3 percent constant currency growth). HelloFresh recorded a continued increase in average order value to EUR 61.2 (+8.9 percent on a constant currency basis, Q1 2022: EUR 55.1). Quarterly active customers decreased as expected versus Q1-2022 by 4.8 percent, given the Covid effects still prevalent in the comparative period, but increased meaningfully sequentially versus Q4-2022 by approximately one million to 8.11 million. The average quarterly order rate per customer remained stable for the HelloFresh Group at 4.0, with both segments showing consistent performance. This consistent order rate performance was mainly driven by continued meaningful improvements to the product, such as a larger assortment, more options to switch individual ingredients and more flexibility in delivery slots and cut-off times. For additional information read the company’s PDF file below (91 KB):