EQS-Adhoc

Cherry SE: Preliminary financial results for Q4/2022 and 2022 fiscal year

EQS-Ad-hoc: Cherry SE / Key word(s): Preliminary Results/Profit Warning Cherry SE: Preliminary financial results for Q4/2022 and 2022 fiscal year 08-Feb-2023 / 15:08 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Cherry SE: Preliminary financial results for Q4/2022 and 2022 fiscal year

Munich, February 8, 2023 – According to preliminary calculations, Cherry SE (ISIN: DE000A3CRRN9) (“Company”) announces preliminary key figures for Q4 2022 and full year 2022 – adjusted EBITDA margin for the 2022 fiscal year below target range.

Based on initial preliminary and unaudited figures, the key financial figures for the 2022 fiscal year are as follows:

- Preliminary Group revenue: EUR 133.7 million (latest forecast: around EUR 130 million to around EUR 140 million).

- Preliminary adjusted Group EBITDA margin: 12.6 % (latest forecast: 13 % to 15 %). The adjusted EBITDA margin was thus below the target range, which mainly resulted from a lower gross margin due to higher proportional selling and logistics costs.

According to preliminary unaudited figures, Group revenue in Q4/2022 amounted to approximately EUR 35.7 million (Q4/2021: EUR 45.1 million) and the adjusted Group EBITDA margin was 9.0 % (Q4/2021: 27.3 %).

The Company will publish its annual report 2022 on March 30, 2023.

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Disclaimer:

This publication contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of Cherry SE and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied by such statements. Actual results, performance or events may differ materially from those described herein as a result of factors affecting Cherry SE, such as changes in general economic conditions and the competitive environment, capital market risks, foreign exchange rate fluctuations and competition from other companies, as well as changes in international and national laws and regulations, particularly with respect to tax laws and regulations. Cherry SE assumes no obligation to update forward-looking statements.