Marley Spoon Group SE Faces Guidance Cut Amid Turbulent Market Conditions

Marley Spoon Group SE has revised its FY25 guidance, now forecasting sales between €250-270 million, a significant drop from the previous year's €308 million. The revision is attributed to several factors, including a weaker USD, faster-than-expected deconsolidation of Chefgood, and lower demand during the holiday season. Despite these challenges, the company's forecasted contribution margin has increased to 36–37.5%, indicating better cost control and pricing power.

Operating EBITDA is projected to remain positive, but growth expectations have been reduced to 30-50% year-on-year. The company's transformation strategy, including a single-brand approach and new product offerings, continues to progress. However, refinancing remains a top priority, with more than €70 million in debt and significant interest obligations. An update is anticipated with the H1 report in September.