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HelloFresh Q1 loss widens YOY

HelloFresh SE said its first-quarter normalized net income was €19.9 million, compared with a loss of €8.0 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 14.1% from negative 17.7% in the year-earlier period.

Total revenue grew year over year to €141.4 million from €45.4 million, and total operating expenses climbed on an annual basis to €171.4 million from €59.0 million.

Reported net income came to a loss of €31.9 million, compared with a loss of €13.1 million in the year-earlier period.