EQS-News

Cherry SE publishes financial statement on the first quarter of 2024 and confirms outlook for the year

EQS-News: Cherry SE / Key word(s): Interim Report Cherry SE publishes financial statement on the first quarter of 2024 and confirms outlook for the year  22.05.2024 / 16:00 CET/CEST The issuer is solely responsible for the content of this announcement. Cherry SE publishes financial statement on the first quarter of 2024 and confirms outlook for the year

Munich, 22 May 2024 – Cherry SE, an international manufacturer of computer input devices such as keyboards, mice, and headsets for applications in the Gaming & E-Sports, Office & Hybrid Workplaces, Industry and Healthcare sectors, today published its report for the first quarter of 2024 and reaffirmed its full-year guidance for 2024. 

• First quarter 2024 group revenue up 5.6% on comparable quarter of 2023
• Adjusted EBITDA margin reached 2.8% and is 7.4 percentage points above the first quarter of 2023 as a result of strong demand for e-health terminals.
• Full year 2024 forecast confirmed

 

Group revenue up 5.6% on previous year, with dynamic demand in the healthcare sector being one of the drivers

Cherry SE published its report for the first quarter of 2024 today. In the past financial quarter, the company generated consolidated revenue of EUR 30.3 million. This corresponds to an increase of 5.6% compared to the EUR 28.7 million achieved in the same quarter of the previous year. The increase results in particular from the pleasant development in the DIGITAL HEALTH & SOLUTIONS segment, which achieved revenue growth of almost 76%. The strong demand for the company's e-health terminals as a result of the introduction of e-prescriptions contributed significantly to the dynamic sales growth. The business with hygiene keyboards and mice for hospitals and medical practices grew dynamically, too. In the GAMING & OFFICE PERIPHERALS segment, revenue was around 3% higher than in the same quarter of the previous year. Due to the switch business being largely discontinued in the second half of 2023, COMPONENTS did not yet make a significant contribution to Group sales again in the first quarter.