Shares of German prepared mealkit maker HelloFresh HFG, -4.53% slumped as much as 13% after reporting fourth-quarter results and saying 2023 will be a “shift” toward improving its customer proposition,. Its adjusted EBITDA rose 22% to €160 million as sales rose 19% to €1.87 billion. It’s targeting 2% to 10% revenue growth at constant currencies, and adjusted EBITDA between €460 million and €540 million, after earning 477.4 million by that metric in 2022.
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