Cherry SE's 2024 Preliminary Figures Fall Short of Forecasts

Cherry SE has announced that its preliminary and unaudited financial figures for 2024 fall below the last forecast. Group revenue is expected to be approximately EUR 110 million, while the previous estimate was around EUR 120 million. Similarly, the adjusted Group EBITDA margin is projected to be around -2%, down from the forecasted 3%.

This decline in revenue has affected the adjusted EBITDA margin as costs could not be reduced proportionally. As a result, Cherry SE's management foresees impairments on fixed and current assets, continuing a trend from the previous year.

These figures reveal challenges as Cherry SE navigates financial pressures, influencing both revenue and profitability margins.