MARLEY SPOON GROUP ISSUES FY 2024 GUIDANCE

EQS-News: Marley Spoon Group SE / Key word(s): Miscellaneous
MARLEY SPOON GROUP ISSUES FY 2024 GUIDANCE

28.03.2024 / 10:02 CET/CEST
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Marley Spoon Group SE ("Marley Spoon" or the "Company"), a leading global
subscription-based meal kit provider, announces the release of its guidance
for FY 2024.

Highlights:

* Full-year 2024 Guidance:

* Single-digit net revenue growth vs. FY 2023 in constant currency

* Contribution Margin in line with the prior year

* Full-year mid-single-digit positive Operating EBITDA

2024 OUTLOOK AND GUIDANCE

Marley Spoon CFO, Jennifer Bernstein, commented, "2023 was a year that led
to revenue decline due to various macro environments and a consolidation of
the online grocery category after years of rapid growth. We expect that 2024
will be more stable, however, we do not expect that the category will resume
its growth this year.

Our organic and inorganic growth strategy will allow us, however, to
increase scale and profitability as we continue our active participation in
market consolidation.

For the full year 2024, we are guiding to single-digit net revenue growth
vs. the PCP. At the same time after a year of strong margin expansion, we
plan to deliver contribution margins in 2024 that are in line with the prior
year. Our continued focus on operating in a disciplined way, paired with
stable margin and conservative growth, gives us the confidence to guide to a
mid-single-digit positive Operating EBITDA for 2024 on a full-year basis."

2024 Guidance:

* Single-digit net revenue growth vs. FY 2023 in constant currency

* Contribution Margin in line with the prior year

* Full-year mid-single-digit positive Operating EBITDA

Delisting of Marley Spoon SE from the ASX

As part of last year's move on to the Frankfurt Stock Exchange, in 2023 all
Marley Spoon SE CDI holders were provided the option to either exchange
their shares for Marley Spoon Group SE (MS1.DE) shares or to sell their CDIs
through a public cash offer. Today Marley Spoon Group SE holds more than 95%
of all issued equity capital in Marley Spoon SE. As a next step in its
previously announced goal to delist Marley Spoon SE CDIs from the Australian
Securities Exchange, it is expected that all shareholders in Marley Spoon
SE, including the 95% parent company Marley Spoon Group SE, will be voting
on delisting the company aton its next AGM, which is expected to take place
at the beginning of July 2024.

Marley Spoon SE FY 2023 audited result

Marley Spoon SE, a 95% subsidiary of Marley Spoon Group SE, published today
its audited FY 2023 results, which were in line with the preliminary FY
results published on January 30th, 2024.

About Marley Spoon Group

Marley Spoon Group SE is a global direct-to-consumer (DTC) meal-kit company.
Our Vision is to "Build a better every day, just for you, just right". We
started Marley Spoon in 2014 to help our customers cook for their families
and deal with their busy lives. We also felt there should be a more
sustainable way to cook at home, reducing food waste that traditional
supermarket supply chains generate. Marley Spoon currently operates various
brands in three regions: Australia, the United States, and Europe (Austria,
Belgium, Germany, and the Netherlands). Our meal-kit brands, Marley Spoon,
Martha Stewart & Marley Spoon, and Dinnerly, bring pre-portioned fresh
ingredients with tasty and simple recipes and other eating solutions
reliably to our customers every week. Our customers just decide what to eat,
and when to eat, and leave behind the hassle of grocery shopping. Chefgood
and bistroMD are our direct-to-consumer ready-to-heat (RTH) services that
offer premium-priced, high-quality, healthy, and nutritious RTH meals and
eating solutions for our wellness and health-focused customers.

Disclaimer

This announcement constitutes neither an offer to sell nor a solicitation to
buy securities. Certain statements contained in this release may constitute
"forward-looking statements" that involve a number of risks and
uncertainties. Forward-looking statements are generally identiable by the
use of the words "may", "will", "should", "plan", "expect", "anticipate",
"estimate", "believe", "intend", "project", "goal" or "target" or the
negative of these words or other variations on these words or comparable
terminology. Forward-looking statements are based on assumptions, forecasts,
estimates, projections, opinions or plans that are inherently subject to
signicant risks, as well as uncertainties and contingencies that are
subject to change. No representation is made or will be made by Marley Spoon
Group SE or any of their respective affiliates that any forward-looking
statement will be achieved or will prove to be correct. The actual future
business, nancial position, results of operations and prospects may differ
materially from those projected or forecast in the forward-looking
statements. Neither Marley Spoon Group SE nor any of their respective
affiliates assume any obligation to update, and do not expect to publicly
update, or publicly revise, any forward-looking statements or other
information contained in this release, whether as a result of new
information, future events or otherwise, except as otherwise required by
law.


---------------------------------------------------------------------------

28.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

   Language:       English
   Company:        Marley Spoon Group SE
                   9 Rue de Bitbourg
                   1273 Luxembourg
                   Luxemburg
   E-mail:         ir@marleyspoon.com
   Internet:       www.marleyspoongroup.com
   ISIN:           LU2380748603, LU2380748785
   WKN:            A3C81B
   Listed:         Regulated Market in Frankfurt (General Standard);
                   Regulated Unofficial Market in Berlin, Munich,
                   Stuttgart
   EQS News ID:    1869721

End of News EQS News Service
---------------------------------------------------------------------------

1869721 28.03.2024 CET/CEST