Cherry SE Surpasses Q1 2024 Forecasts, Confirms Annual Outlook at Successful Analyst & Investor Day

• Cherry SE successfully completed its virtual Analyst and Investor Day on April 25, 2024, with more than 50 analysts and investors from Europe and the USA in attendance.
• The company presented the current adjustments to its business model, the implementation status of the ongoing "Roadmap 2025" restructuring program, and its key growth drivers and margin outlook.
• Preliminary results for Q1 2024 show sales of EUR 30.3 million, 4.4% above the company's own forecast and an adjusted EBITDA margin of 2.8%, exceeding analysts' average expectations.
• The CEO confirmed the positive outlook for 2024 with sales in a range of EUR 140 - 150 million and an adjusted EBITDA margin in a range of 7-8%.
• The company will publish its 2023 annual report and the final results for the first quarter of 2024 on May 22, 2024.
• The Annual General Meeting of Cherry SE is scheduled for Wednesday, July 24, 2024.

The next important date, Europe Roadshow, at Cherry is on 02.05.2024.

The price of Cherry at the time of the news was 2,1825EUR and was up +10,87 % compared with the previous day.

Cherry

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ISIN:DE000A3CRRN9WKN:A3CRRN

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