HelloFresh Revenue (2014-2022) - Is HelloFresh profitable?

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HelloFresh was founded in Berlin, Germany, by Dominik Richter, Thomas Griesel and Jessica Nilsson. The company initially launched in Germany;
2012: HelloFresh expands its activities to the Netherlands and the United Kingdom;
2013: The company expanded further into Austria, Belgium, Australia and the United States;
2014: HelloFresh raised €50 million ($64 million) in a funding round led by Insight Venture Partners, Phenomen Ventures, and Vorwerk Ventures;
2015: HelloFresh raised an additional $85 million in a funding round led by Baillie Gifford, Insight Venture Partners, and Phenomen Ventures. The company also acquired its main competitor in the United States, Green Chef;
2017: HelloFresh went public on the Frankfurt Stock Exchange, raising €318 bulgaria phone number data million ($369 million) in its initial public offering (IPO);
2018: The company raised €257 million ($300 million) in a capital increase. This funding round was led by Baillie Gifford, with participation from existing investors;
2019: HelloFresh reported revenue of €1.81 billion ($1.95 billion), representing a growth of 41.4% compared to the previous year;
2020: HelloFresh saw significant growth due to the COVID-19 pandemic, as more people turned to meal kit delivery services. The company reported revenue of €3.75 billion ($4.5 billion), representing 107.4% growth compared to the previous year;
2021: HelloFresh continued to benefit from increased demand for meal kits, reporting revenue of €4.74 billion ($5.6 billion), up 26.4% year-on-year;
2022: The company continued its strong growth, seeing a rally in its stock at the end of the first quarter. However, the year ended on a less positive note, as the company had to lay off 600 employees , and the meal kit industry saw a significant downturn;
2023: Company shares fell as much as 12.7% due to reduced demand for their services, as well as an expected decline in subscribers.
HelloFresh financial performance: revenues, expenses and profits.HelloFresh Revenue

HelloFresh operates on a subscription-based revenue model that has proven to be very successful in the meal kit delivery industry. With its innovative approach to home cooking, HelloFresh has transformed the way people prepare meals by providing convenient and personalized solutions.