Cherry SE: Asset Revaluation Sparks Investor Interest

• Cherry SE is recognizing asset impairments in the 2023 annual financial statements, amounting to approximately EUR 96 million.
• These non-cash items relate to intangible assets, mainly goodwill, as well as property, plant and equipment.
• The preliminary, adjusted EBITDA and the cash flow position for 2023 as well as the forecast for the 2024 financial year remain unaffected by the impairments.
• The valuation adjustments were preceded by an impairment test in close coordination with the newly mandated auditor.
• Due to the value adjustments and the additional audit effort, the presentation of the 2023 Annual Report will be shifted from April 25 to May 22 and the Annual General Meeting from June 14 to July 24, 2024.
• Cherry SE will hold its Analyst and Investor Day on April 25, 2024 and provide information on the course of the 2023 financial year, the first quarter of 2024 and the outlook for the current second quarter and the 2024 financial year on the basis of preliminary, unaudited figures.

The next important date, Business Report 2023, at Cherry is on 25.04.2024.

The price of Cherry at the time of the news was 1,9320EUR and was down -5,27 % compared with the previous day.
15 minutes after the article was published, the price was 1,8520EUR this corresponds to a minus of -4,14 % since publication.

Cherry

+0,21 %

+4,75 %

+49,32 %

+18,58 %

-46,11 %

-93,02 %

ISIN:DE000A3CRRN9WKN:A3CRRN

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