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    EQS-News  113  0 Kommentare Cherry SE publishes financial statement on the first quarter of 2024 and confirms outlook for the year  - Seite 2

     

    Adjusted EBITDA margin for the first quarter of 2024 significantly above previous year 

    The adjusted EBITDA margin reached 2.8% in the first quarter, significantly exceeding the previous year's figure of -4.6%. The main driver for the pleasing increase in profitability was the profit growth in the DIGITAL HEALTH & SOLUTIONS segment due to the development in demand described above. The profit levels of the GAMING & OFFICE PERIPHERALS and COMPONENTS segments were roughly on a par with those of the first quarter of 2023. 

     

    Cherry confirms forecast for 2024

    On the back of this, the Management Board of Cherry SE continues to expect to achieve the full year forecast set on February 27, 2024, of EUR 140 - 150 million in consolidated revenue and 7 - 8% in the adjusted EBITDA margin.

    Oliver Kaltner, CEO of Cherry SE, explains: “The realignment of the Cherry Group has presented us with immense challenges. The decisions we made were tough, but they are leading us consistently along the path of profitable growth. As of today, all these decisions have largely been implemented, so that we will steer through our revitalization year 2024 based on the following framework conditions: Our adjusted product pipeline and optimized planning process will allow us to maintain an inventory level significantly below that of recent quarters. Stringent cash and cost management are already having a positive impact on liquidity and profitability. New sales partnerships are increasing our presence on both sides of the Atlantic and in Asia, particularly in China. Further favorable regulatory conditions and structural demand growth support the dynamic expansion of our position in the healthcare sector. This paves the way for us to return to a profitability level above the 20% mark in the medium term.”

     

    About Cherry

    Cherry SE [ISIN: DE000A3CRRN9] is a globally operating manufacturer of high-end mechanical keyboard switches and computer input devices such as keyboards, mice, and headsets for applications in the worlds of gaming, e-sports, office and hybrid workplaces, industry, and healthcare. Since it was founded in 1953, Cherry has been synonymous with innovative, high-quality products developed specifically to meet the various needs of its customers.

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    EQS-News Cherry SE publishes financial statement on the first quarter of 2024 and confirms outlook for the year  - Seite 2 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 …

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