Earnings release
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Asien Cam Chil al Chi Dew Peppero MARLEY SPOON ● Potato Look // ● CONTINUED GROWTH AND MARGIN IMPROVEMENT IN Q3 2021 Berlin , Sydney , 28 October 2021 : Marley Spoon AG ( " Marley Spoon " or the " Company " ASX : MMM ) , a leading global subscription - based meal kit provider , is pleased to share with investors its highlights from the quarter ended 30 September 2021 ( " Q3 2021 ” ) . Conference Call MARLEY SPOON Appendix 4C - Q3 2021 & Business Activity Report Management will present a business update to investors on a conference call at 6.00 pm AEDT on 28 October , the details of which have been released separately to ASX . Highlights Q3 2021 net revenue at € 79.2m , + 14 % versus the prior corresponding period ( PCP ) resulting in a 2 - year Compound Annual Growth Rate ( CAGR ) of 55 % on a reported basis . Globally , Q3 Contribution Margin ( CM ) is 28 % , up ~ 1.5pts compared to the previous quarter and in line with the PCP . Operational improvements in the US delivering margin gains . Q3 Operating EBITDA of ~ € ( 13m ) driven by investment in growth , capacity and talent . Finished Q3 with a total cash balance of € 33m , up ~ € 17m vs. the PCP . Full year net revenue guidance revised given volatile consumer behaviour : now expected to grow between 26-28 % ( revised from prior guidance 30-35 % ) CM guidance maintained at ~ 29 % , in line with CY 2020 COMPANY INFORMATION : Fabian Siegel , Marley Spoon CEO fabian@marleyspoon.com INVESTOR QUERIES : Michael Brown , Pegasus 0400 248 080 mbrown@pegasusadvisory.com.au REGISTERED ADDRESS : Paul - Lincke - Ufer 39/40 10999 Berlin Germany