Hello Fresh posts 120% jump in Q3 revenue

Hello Fresh has seen a surge in demand amid the pandemic and plans to expand services.

The company delivered 162 million meals in the third quarter, which is a 135.1% increase on the same period in 2019.

The number of active customers almost doubled from 2.61 million to 5 million in 2020, whilst revenue jumped 120% to €970m.

Hello Fresh has raised expected revenue growth from 75-95% to 95-105%.

Laurent Guillemain, the UK chief executive, said: “We have come a long way since the beginning of the pandemic and I couldn’t be more proud of what the team has accomplished.

“Despite a challenging operating environment we have succeeded to further innovate and grow our product range and improve our service levels, all while continuously delivering fresh, high-quality food to our customers’ doorsteps.”

In August, Hello Fresh revealed plans to open a new production facility in Nuneaton, UK, and another in the US. Both will create approximately 1,400 jobs.

Nigel Dolan, Development Director at Goodman where the site will be located, said at the time:  “We’re proud to welcome HelloFresh to our Nuneaton 230 development. Its innovative business model leads the way in both the healthy home cooking and subscription service revolution and we’re pleased to be able support the growth of its UK production and fulfilment network.”