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Marley Spoon Reports Positive Cash Flow of EUR3.65m for the March 2021 Quarter

04 Jun 2021  |  18:28:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Appendix 4C - Q1 2021 and Business Activity Report

Marley Spoon reported positive cash flow of EUR3.65m for quarter ended 31 March 2021. Operating cash flow for the period was EUR5.27m. Investing cash flow was EUR(3.13m). Financing cash flow was EUR1.51m. Cash in hand at the end of the quarter was EUR38.45m. During the quarter, the Company invested more into marketing to continue building up its back-book of recurring business. Marketing efficiency improved with marketing expenses as a percentage of revenue declining to 20% in the quarter, compared to 27% in the PCP.

Consolidated Statement of Cash Flow for the Quarter ended 31 March 2021

Current Quarter EUR'000- 31 March 2021 Year to Date EUR'000-3 Months
Net Operating Cash Flows 5,268 5,268
Net Investing Cash Flows (3,134) (3,134)
Total Operating and Investing Cash Flows 2,134 2,134
Net Financing Cash Flows 1,512 1,512
Net Increase (Decrease) in Cash Held 3,646 3,646
Cash at Beginning of Quarter/Year to Date 34,438 34,438
Cash at End of Quarter 38,451 38,451
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