HelloFresh lowers 2022 outlook citing inflation, Ukraine war

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BERLIN — German meal-kit maker HelloFresh reduced its 2022 outlook on Wednesday, saying inflation, waning consumer confidence and the Ukraine war would weigh on earnings in the second half of the year.

The company reduced its revenue growth outlook for the year on a constant currency basis to between 18% and 23% from a previously forecast range of between 20% and 26%.

HelloFresh also reduced its outlook for adjusted EBITDA to between 460 million euros and 530 million euros ($470.12 million – $541.66 million) from a previously forecast range of 500 million and 580 million euros, it said.

($1 = 0.9785 euros) (Writing by Miranda Murray Editing by Riham Alkousaa)

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