Aussie operations profitable: Marley Spoon
Meal kit provider Marley Spoon says its Australian operations turned a profit in the second quarter and will be boosted by its deal with Woolworths despite an overall loss in earnings.
The company, which started in Germany in 2014 and first listed on the ASX in July last year, said in unaudited results that it recorded a loss of about 5 million euros ($A8.11 million) in the three months to June 30 compared with a loss of 8 million euros in the previous corresponding period.
"Reaching operating EBITDA profitability in Australia in Q2 for the first time and kicking off our strategic partnership with Woolworths in early Q3 are great achievements by our team and a testament to the long-term viability of our business model," chief executive Fabian Siegel said.
Marley Spoon, which delivers boxes containing recipes and fresh ingredients, said it received 18 million euros in funding as part of its five-year deal with the grocery giant.
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