Hello Fresh: HelloFresh Q1 revenue falls in line with expectations

(Reuters) -HelloFresh reported first quarter revenue in line with expectations and confirmed its full year outlook on Tuesday as the German meal-kit maker aims to reduce costs. Its revenue measured in constant currency terms fell by 8.3% to 1.9 billion euros ($2.16 billion) in the quarter, in line with analysts' average estimate of 1.90 billion euros in a company-compiled poll. The Berlin-based company, which on Monday said activist investor Active Ownership Capital (AOC) will get a seat on its supervisory board, expects adjusted core profit (AEBITDA) to come in at between 450 million euros and 500 million euros in 2025. ($1 = 0.8788 euros) (Reporting by Paolo Laudani in Gdansk, Editing by Friederike Heine) (Reuters) -HelloFresh reported first quarter revenue in line with expectations and confirmed its full year outlook on Tuesday as the German meal-kit maker aims to reduce costs. Its revenue measured in constant currency terms fell by 8.3% to 1.9 billion euros ($2.16 billion) in the quarter, in line with analysts' average estimate of 1.90 billion euros in a company-compiled poll. The Berlin-based company, which on Monday said activist investor Active Ownership Capital (AOC) will get a seat on its supervisory board, expects adjusted core profit (AEBITDA) to come in at between 450 million euros and 500 million euros in 2025. ($1 = 0.8788 euros) (Reporting by Paolo Laudani in Gdansk, Editing by Friederike Heine)