Marley Spoon Group SE

Latest Results (10.11.2025):

Marley Spoon Group SE reported its Q2 2025 financial results with strong improvements, posting a positive EBIT of €1.6 million—an increase of €4.8 million year-over-year—supported by an operating EBITDA margin expansion to 7.8% and a record-high contribution margin of 37.6%. Despite a decline in net revenue to €64.2 million due to a deliberate reduction in marketing spend and the sale of the Chefgood business in Australia, the company’s cost discipline and enhanced customer experience have driven notable operational and financial gains.

Strong EBIT and Margin Progress

The company's Q2 2025 performance was marked by an EBIT of €1.6 million, up €4.8 million from the prior year, and an operating EBITDA margin of 7.8%—a 652 basis point improvement. These results were underpinned by increased cost efficiency and continuous profitability improvements over seven consecutive quarters.

Revenue Adjustments and Cost Savings

Although net revenue declined to €64.2 million (a 21.6% drop in constant currency), this was a result of a strategic 48.8% reduction in marketing investment and the divestment of the Chefgood business. Additionally, the company achieved an 18.9% decrease in General & Administrative expenses, reflecting robust cost management practices.

Regional and Operational Highlights

Across key markets, Marley Spoon Group SE delivered notable performance: the US region saw strong gains in order frequency and contribution margins, Australia reported significant improvements in operating EBITDA margin despite temporary external challenges, and Europe achieved profitability in operating EBITDA with enhanced customer metrics. These regional efforts contributed to a cohesive strategy focused on profitability and improved customer engagement.

Cash Flow and Forward Outlook

Despite an operating cash flow of €(2.6) million, the quarter ended with a cash balance of €5.2 million. Looking ahead, the company reaffirmed its guidance for full-year 2025, targeting net revenue between €250–€270 million on a constant currency basis, contribution margins of 36–37.5%, and positive operating EBITDA growth of 30–50%, reflecting its commitment to sustained operational excellence and strategic capital allocation.