Ann: Market Update Q4 2020 Presentation, page-5

Isn't Q4 2020 growth a bit disappointing versus Q3 - notably in the context that corona infections spiked eg. continued to be at high levels during Q4. I expected bit more subscriber as well as revenue growth! Q2, Q3 and Q4 - the trend is not as strong as I wished it to be.

On Hellofresh. Isnt it quite smart, that they are running multiple sub-brands for different price-classes, so can capture a greater marekt and benefit from economies of scale.....

What do you think?

I have some allocation in both MMM and HFG. I think momentum should remain on HFG for the time beeing.