Company Name: Marley Spoon Group SE ISIN: LU2380748603   Reason for the research: Update Recommendation: Buy from: 05.11.2024 Target price: EUR 4.90 Target price on sight of: 12 months Last rating change: Analyst: Christian Sandherr All eyes of profitability // strategic repositioning confirmed Marley Spoon reported solid Q3 20 [ … ]

Healthy Q1 results // FY'24 guidance confirmed; chg. On Tuesday, Marley Spoon Group ('MSG') released healthy Q1’24 and final FY'23 consolidated results that were in line with expectations. Q1’24 sales came in at € 80.7m or -12% yoy (excluding bistroMD c. € 76m; eNuW: € 75.6m). Cautious consumer behavior in the meal-ki [ … ]

Mixed 2024 guidance // efficiency measures bearing fruit; chg. Last week, Marley Spoon Group ('MSG') released a mixed 2024 guidance. Sales are expected to grow by a single-digit percentage versus the prior year (eNuW new: +9% yoy; eNuW old: +17% yoy), largely driven by two separate developments owing to MSG's structure, which consists of the co [ … ]

HelloFresh’s weak outlook reflected MSG's market est. Topic: Last Friday, Marley Spoon's (MSG) close peer HelloFresh (HFG) released a weaker-than-expected outlook for FY24 and withdrew its FY25 (mid-term) targets on the back of particularly challenging end markets, triggering a 40-50% sell-off of the stock. Importantly, the weak end marke [ … ]

Strategic transactions closed; est. & PT chg. Marley Spoon Group ('MSG') closed the strategic transactions announced on January 31st. Here is what you need to know: Acquisition of BistroMD. MSG closed the acquisition of BistroMD, a leading doctor-designed ready-toeat (RTE) meal plan company in the US (c. € 35m revenues in 2023), offe [ … ]

Yesterday, Marley Spoon Group ('MSG') released Q4 and preliminary FY'23 results that were in line with our expectations. Q4 sales came in at € 73.5m (-18% yoy; eNuW: € 73.1m), implying revenues of € 328.5m for the full year (-18% yoy; eNuW: € 328.1m), which was mainly driven by a smaller active subscriber base of c. 193k (-22% [ … ]

RS feedback: Venture-like D2C meal kit opportunity Yesterday, we hosted a digital roadshow with the CEO of Marley Spoon. Here are our key takeaways: Adjusted voucher strategy and turnaround. In Q3, the company rectified a previously changed voucher strategy and has already seen promising signs of increasing marketing efficiency and early coho [ … ]