Forecast miss Q3/2024
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EQS-Ad-hoc: Cherry SE / Key word(s): Quarter Results/Profit Warning Munich, 2 October 2024 – Based on current information, Cherry SE misses its sales forecast for the third quarter of 2024 and Cherry SE is expected to generate consolidated revenue of around 22 million for the third quarter of 2024 (previous forecast: approx. EUR 35 million). At this point in time, the Management Board assumes that the lower consolidated revenue will have a negative impact on the forecast adjusted EBITDA margin for the third quarter and thus on the year as a whole. The adjusted EBITDA margin for the third quarter is no longer expected to be positive. Based on an adjusted EBITDA margin of 4% from the first half of the year, the Management Board is currently examining the exact impact of the lower Group sales on the forecast adjusted EBITDA margin in the third quarter of 2024 as well as on the full year forecast. Notifying person: Oliver Kaltner, Chairman of the Board
End of Inside Information
02-Oct-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Cherry SE |
| Rosental 7, c/o Mindspace | |
| 80331 Munich | |
| Germany | |
| ISIN: | DE000A3CRRN9 |
| WKN: | A3CRRN |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2000803 |
| End of Announcement | EQS News Service |
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2000803 02-Oct-2024 CET/CEST
