Hellofresh again raises revenue and margin guidance for 2020 - Reuters India

BERLIN, Aug 10 (Reuters) - German meal-kit delivery firm Hellofresh raised its 2020 guidance on Monday, saying it was seeing additional demand as a worsening of the coronavirus pandemic in some markets led more people to dine at home.

Hellofresh hiked its forecast for full-year revenue growth to between 75% and 95% from an earlier 55%-70%. It also raised its guidance for core profit margins to between 9% and 11% from 8%-10% previously.

The Berlin-based company has delivered a series of recent upgrades, propelling its shares higher by 148% in the year to date and valuing the business at 7.7 billion euros ($9.05 billion).

It said it would publish full first-half results as scheduled on Tuesday.

$1 = 0.8508 euros Reporting by Douglas Busvine Editing by Michael Nienaber