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HelloFresh Q2 loss widens 51.3% YOY

HelloFresh SE said its normalized net income for the second quarter was €13.1 million, compared with a loss of €8.7 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to negative 8.7% from negative 12.9% in the year-earlier period.

Total revenue rose year over year to €150.1 million from €67.1 million, and total operating expenses climbed year over year to €171.0 million from €82.0 million.

Reported net income came to a loss of €21.0 million, compared with a loss of €14.3 million in the prior-year period.