Cherry SE Unveils 2024 Nine-Month Report: Key Insights & Highlights

• Cherry SE reported a revenue of €84.2 million for the first nine months of 2024, a decrease of nearly 5% from €88.6 million in the previous year.
• The third quarter revenue was €22.6 million, down 17% from €27.3 million in the same quarter last year, attributed to restrained consumer spending and structural weaknesses in the peripherals business.
• The adjusted EBITDA margin for the nine-month period was -0.8%, compared to 2.2% in the previous year.
• In the third quarter, the adjusted EBITDA margin dropped to -13.7%, down from -4.6% the previous year, indicating a lack of fixed cost coverage.
• The Digital Health & Solutions segment showed growth, contributing over €2 million in earnings during the third quarter.
• Cherry SE is a manufacturer of high-end switches for mechanical keyboards and input devices, with production facilities in Germany, China, and Austria, and sales offices in multiple countries.

The next important date, Publication of the Q3/9M report, at Cherry is on 06.11.2024.

The price of Cherry at the time of the news was 0,6600EUR and was down -0,60 % compared with the previous day.
4 minutes after the article was published, the price was 0,6790EUR this corresponds to a plus of +2,88 % since publication.

Cherry

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-97,87 %

ISIN:DE000A3CRRN9WKN:A3CRRN

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