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HelloFresh SE (HLFFF) CEO Dominik Richter on Q4 2020 Results - Earnings Call Transcript

Mar. 02, 2021 10:22 AM ETHelloFresh SE (HLFFF)
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Hellofresh SE (OTCPK:HLFFF) Q4 2020 Earnings Conference Call March 2, 2021 2:45 AM ET

Company Participants

Dominik Richter - Chief Executive Officer

Christian Gaertner - Chief Financial Officer

Conference Call Participants

Robert Berg - Berenberg

Marcus Diebel - JPMorgan

Fabienne Caron - Kepler Cheuvreux

Andrew Gwynn - Exane BNP Paribas

Clément Genelot - Bryan, Garnier

Shaked Atia - Morgan Stanley


Ladies and gentlemen, welcome to the conference call of HelloFresh SE. At our customer's request, this conference will be recorded. As a reminder, all participants will be in a listen only mode. After the presentation, there will be an opportunity to ask questions. [Operator Instructions]

May I now hand you over to Dominik Richter, who will lead you through this conference. Please, go ahead.

Dominik Richter

Good morning, everyone. I'm excited to share HelloFresh Fourth Quarter Earnings as well as our Full Year 2020 Results with you today. Both Q4 as well as our full year 2020 were impacted quite a bit by the ongoing COVID-19 pandemic, but it's really important to note that we faced very different circumstances across the many markets in which we operate.

Specifically, in the fourth quarter, markets like Australia, New Zealand and to a lesser degree the U.S. has actually been opening up, while most of our core European markets went into quite harsh measures, shutting down public life by mid-November.

Consequently, we focused a lot on understanding consumer trends in Australia and parts of the U.S. that were opening up, to understand what the new normal looks like and how consumers behave.

We will continue to watch closely and derive the right conclusions. But I think it's safe to say that consumers have continued to cook meals at home with HelloFresh and that we've also seen robust growth in these markets in Q4

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