Marley Spoon Group Announces FY 2024 Financial Guidance

Marley Spoon Group SE, a top global provider of subscription-based meal kits, has publicized its financial guidance for the fiscal year 2024. The company predicts single-digit net revenue growth in constant currency compared to FY 2023, with a contribution margin consistent with the previous year. This guidance also forecasts a mid-single-digit positive operating EBITDA for the full year, reflecting the company’s adaptive strategies to a challenging market environment and a focus on disciplined operations.

Jennifer Bernstein, CFO of Marley Spoon, attributed the guidance to the expected stabilization of the market in 2024, despite the preceding year's revenue challenges from a competitive online grocery sector and macroeconomic factors. The company's strategy underscores organic and inorganic growth aiming to enhance its scalability and profitability amidst market consolidation.

In related news, Marley Spoon also announced its plan to delist from the Australian Securities Exchange following its transition to the Frankfurt Stock Exchange. The company has surpassed 95% ownership of its equity capital, setting the stage for a shareholder vote on the delisting proposal at the next AGM scheduled for early July 2024.

Additionally, the firm has confirmed its audited FY 2023 results align with preliminary figures disclosed earlier in January, ensuring stakeholders of its financial transparency and commitment to accurate reporting.