BERLIN: German meal-kit delivery firm HelloFresh forecast growth in 2020 revenues and core profit and confirmed better-than-expected 2019 results, benefiting from strength in the US and other international markets. The Berlin-based company posted its first annual adjusted core profit in a preliminary report in January, marking a milestone for an industry which has grown substantially in recent years but found profits elusive. HelloFresh, which delivers pre-portioned meal ingredients with recipes to its subscribers, expects 2020 revenue growth of 22 percent to 27 percent on a constant currency basis on the back of US market strength. The US accounted for 57 percent of HelloFresh’s annual sales in 2019. The coronavirus outbreak, which has killed 3,120 and infected 90,933 worldwide, will not pose a major obstacle to the company’s performance in 2020 thanks to its diversified pool of suppliers as well as a lack of exposure to Asia or other risk areas, CEO Dominik Richter forecast during a conference call. Founded in 2011, HelloFresh has grown rapidly in the US, outperforming rival Blue Apron, which said in February that it was considering going private after a fall in its full-year revenue. When asked by an analyst whether HelloFresh might be interested in investing in its rival, Richter said the company did not have any imminent acquisition plans and intended to focus on growing and improving its existing business. As its brand recognition increases and more orders come in from existing customers, rather than new ones, HelloFresh should be able to further reduce the percentage of revenues it spends on marketing and focus on price incentives, Richter said. Shares in HelloFresh rose more than 200 percent in 2019, outperforming Germany’s midcap index seven-fold. The company, whose other markets include Britain, Australia, Canada and the Netherlands, said that the margin on adjusted earnings before interest, taxes, depreciation and amortization should reach 4 percent to 5.5 percent in 2020, up from 2.9 percent in 2019.