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    EQS-Adhoc  113  0 Kommentare Cherry SE: Forecast for the fiscal year and Q1 2024

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    • Cherry SE expects revenue of EUR 140-150 million for 2024, with EBITDA margin of 7.0-8.0%.
    • Q1 2024 revenue forecast at EUR 29.0 million, aiming for break-even EBITDA margin.
    • Management targets EBITDA margin of over 20% in the medium term, focusing on growth and cost management.

    EQS-Ad-hoc: Cherry SE / Key word(s): Forecast
    Cherry SE: Forecast for the fiscal year and Q1 2024

    27-Feb-2024 / 10:29 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.


    PUBLICATION OF AN INSIDE INFORMATION ACC. TO ARTICLE 17 OF THE REGULATION (EU) NO. 596/2014

    Cherry SE: Forecast for the fiscal year and Q1 2024

    Munich, February 27, 2024 – The Management Board expects that the continued implementation of the restructuring, cost reduction and transformation measures initiated will lead to an improvement in the Company’s financial situation in the fiscal year 2024. Based on this, the Management Board expects revenues at Group level of approximately EUR 140 to 150 million for the fiscal year 2024 (analyst consensus: EUR 135 million) and an adjusted EBITDA margin* in the range of 7.0% to 8.0% (analyst consensus: 6.7%).

    For Q1/2024, based on revenues of approximately EUR 29.0 million (2023: EUR 28.7 million) the adjusted EBITDA margin* is expected to reach break-even (2023: -4.6%).

    The restructuring efforts at COMPONENTS, the sales growth strategy in GAMING & OFFICE PERIPHERALS, and the positive growth indicators in DIGITAL HEALTH & SOLUTIONS, combined with strict cost management, support this forecast.

    The Management Board views the fiscal year 2024 as a revitalization year with significant positive effects from management actions and continues to target a medium-term EBITDA margin* of more than 20%.

    *The definition of the adjusted EBITDA margin can be found on page 27 of the Annual Report 2022 of Cherry SE, which is available at https://ir.cherry.de/.

    Notifying person: Oliver Kaltner, Chairman of the Management Board

     

    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.

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    EQS-Adhoc Cherry SE: Forecast for the fiscal year and Q1 2024 EQS-Ad-hoc: Cherry SE / Key word(s): Forecast Cherry SE: Forecast for the fiscal year and Q1 2024 27-Feb-2024 / 10:29 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - …