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Marley Spoon AG Releases 2020 Full Year Results

03 Mar 2021  |  21:03:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 2020 Full Year Results

Marley Spoon AG released its highlights from the full year 2020 ended 31 December 2020 ("FY2020") and reconfirm revenue guidance for FY2021. The Company has reported revenue of EUR254m for FY2020, an increase of 96% versus the pcp or 101% on a constant currency basis, i.e., excluding the impact of foreign exchange (FX) movements. The growth was driven by all regions with the US leading at 133% growth (on a constant currency basis) compared to the PCP. COVID-19 led to elevated frequency and average order sizes for existing customers, an effect that was most pronounced in Q2. But equally, the Company experienced four quarters of sequential Active Subscriber growth during FY2020, contributing to total revenue growth.

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