Cherry SE Forecasts 2024 Financials; Q1 Report Meets Capital Market Needs

• Cherry SE published revenue and earnings forecast for the financial year and first quarter of 2024 - Management Board expects consolidated Group sales to be around EUR 140 to 150 million and adjusted EBITDA margin to be 7 to 8% - Revenue estimate for the first quarter of 2024 is around EUR 29 million, with break-even adjusted EBITDA margin - Management Board aims for adjusted EBITDA margin of at least 20% in the medium term - Quarterly reporting will be shifted to product-oriented segmentation for better management - Cherry Group is focusing on improving cash performance and active working capital management

The next important date, Business Report 2023, at Cherry is on 28.03.2024.

Cherry

-2,73 %

+15,69 %

+42,46 %

-31,66 %

-47,57 %

-93,34 %

ISIN:DE000A3CRRN9WKN:A3CRRN

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