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News: MMM Marley Spoon Says Significantly Increasing Production Capacity Across Major Markets

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    11/12/20
    12:50
    Post #: 49511846

    Dec 11 (Reuters) - Marley Spoon AG (MMM) :

    • SIGNIFICANTLY INCREASING PRODUCTION CAPACITY ACROSS MAJOR MARKETS
    • WILL INCREASE ITS MANUFACTURING FOOTPRINT IN CALIFORNIA IN 2021, TRIPLING CURRENT US WEST COAST MANUFACTURING FOOTPRINT TO 12,000 M2
    • REAFFIRMS ITS FY2020 REVENUE GUIDANCE
    • IS SCHEDULED TO TAKE POSSESSION OF SYDNEY MANUFACTURING CENTRE IN Q2 2021, TRIPLING SYDNEY MANUFACTURING FOOTPRINT TO 14,000 M2
    • EURO REPORTED REVENUE GROWTH FOR FY EXPECTED TO BE IN MIDDLE OF GUIDANCE RANGE (90% - 100% GROWTH YOY)
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