HLFFF - HelloFresh soars after lifting guidance attracting catalyst call from Desutsche Bank

Deutsche Bank issues a catalyst call on HelloFresh (OTCPK:HLFFF) after the company boosted its full-year guidance. HelloFresh sees sales growth +57% to +62% (constant currency) vs. a prior outlook for +45% to +55.0% and the consensus mark of +55.9%. DB analyst Nizia Naizer says the basis for the short-term investment idea is that HelloFresh has had a solid 2021 thus far in terms of customer addition and revenue growth. while the stock was down 25% in the past two months vs. the largely flat DAX. "It now trades at 1.7x EV/sales 2022E vs. peers at 1.5x. We think the market was worried about Q3 growth decelerating and this was addressed with a solid result on 1 November where HelloFresh beat Q3 consensus revenue by 8% and raised guidance for the third time for 2021 revenue. We believe the CMD scheduled for 8 December could bring more colour on what to

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HelloFresh soars after lifting guidance, attracting catalyst call from Desutsche Bank