HelloFresh falls after FY outlook cut on weak demand

By Reuters News

** Shares in HelloFresh HFGG.DE fall 7.3% in early Frankfurt trade after the meal-kit delivery company cut its FY outlook on weak customer acquisition

** HelloFresh sees FY revenue at constant FX to fall between 9%-11% (prev.: lower end of 3%-6% range) and adj EBITDA of between €350-370 mln ($398.5-$421.25 mln) (prev.: €375-425 mln)

** "5th year in a row now that HelloFresh warns on revenues and earning prospects...," a local trader says

** Jefferies says that HelloFresh delivered another disappointing pre-release

** Below-guidance customer acquisition levels due to a Q3 marketing pullback raise more questions than provide answers, Jefferies adds

** The stock, which lost 58.8% YTD, is seen at the bottom of Germany's small-cap index .SDAXI

($1 = 0.8783 euros)

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