HELFY - HelloFresh SE (HLFFF) Q4 2023 Earnings Call Transcript
2024-03-15 13:33:08 ET
HelloFresh SE (HLFFF)
Q4 2023 Results Conference Call
March 15, 2024 03:30 AM ET
Company Participants
Dominik Richter - Chief Executive Officer
Christian Gartner - Chief Financial Officer
Conference Call Participants
Luke Holbrook - Morgan Stanley
Emily Johnson - Barclays
Sven Sauer - Kepler Cheuvreux
Kiranjot Grewal - Bank of America
Nizla Naizer - Deutsche Bank
Andrew Gwynn - BNP Paribas Exane
William Woods - Bernstein
Presentation
Dominik Richter
Good morning, and thank you for joining our full year results call this morning. After the prerelease last week, we will focus today on providing more detail on our full year and Q4 2023 results and also reiterate some of the trends we have been describing last week.
2023 marked the fifth year of consecutive adjusted EBITDA profitability and self-funded growth, in which we delivered over 1 billion meals to our customers, up about 4x since early 2019. Over this period, we delivered a net revenue CAGR of 33%. And while we eventually did not meet our ambition level in 2023 and are more cautious on the outlook for 2024, growth is unfortunately not always linear.
We did pull forward a lot of consumer demand in meal kits during the pandemic and have entered a stabilization and consolidation phase since H2 2022. During this time, our existing base has continued to strong -- to show strong key customer KPIs and retention, as seen in higher AOVs, higher frequencies and about a 30% increase in customer lifetime revenues over the last 3 years....
HelloFresh SE (HLFFF) Q4 2023 Earnings Call Transcript