News: MMM Marley Spoon AG Says For Second Half Of This Year, Marley Spoon Anticipates Continued...

Aug 17 (Reuters) - Marley Spoon AG (MMM) :

• FOR SECOND HALF OF THIS YEAR, MARLEY SPOON ANTICIPATES CONTINUED GROWTH
• CONTRIBUTION MARGIN (CM) IS EXPECTED TO INCREASE IN H2 2021 VERSUS FIRST HALF YEAR
• REAFFIRM ITS FY NET REVENUE GUIDANCE OF 30-35% GROWTH VERSUS PREVIOUS CORRESPONDING PERIOD
• EXPECTS TO INCUR FURTHER OPERATING EBITDA LOSSES IN H2 2021
• CONTRIBUTION MARGIN (CM) IS EXPECTED TO INCREASE IN H2 2021 VERSUS FIRST HALF YEAR
• EXPECTS TO HAVE AN ADEQUATE CASH BALANCE AT YEAR END WITHOUT RAISING ADDITIONAL CAPITAL TO FUND THESE OPEX GROWTH INVESTMENTS
• FY CONTRIBUTION MARGIN EXPECTATION IN LINE WITH LAST YEAR'S FULL YEAR MARGIN OF 29%