Cherry SE

C3RY

Equity

ISIN DE000A3CRRN9 / Valor 112129002

Xetra (2024-11-22)

EUR 0.64-3.31%

Cherry SE
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About company

Cherry SE is a well-established manufacturer known for producing high-end mechanical keyboard switches and computer input devices for a variety of applications including gaming, e-sports, office, industry, and healthcare. With a history dating back to 1953, Cherry has built a reputation for delivering innovative and high-quality products tailored to meet the diverse needs of its customers.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Cherry SE reported group revenue of EUR 61.6 million for the first half of 2024, marking a 0.4% increase compared to the same period in the previous year. This growth was primarily driven by the DIGITAL HEALTH & SOLUTIONS segment, which saw revenue growth of over 60%.

Adjusted EBITDA Margin

The adjusted EBITDA margin for Cherry SE in the first half of 2024 was 4.0%. This is a decrease from the 5.2% margin recorded in the same period of the previous year. The DIGITAL HEALTH & SOLUTIONS segment was a significant contributor to this positive development.

Inventory Levels

As of June 30, 2024, Cherry SE's inventory stood at EUR 59 million. This is seasonally higher than the EUR 55 million at the end of the first quarter but significantly lower than the EUR 80 million recorded on June 30, 2023.

Equity Ratio

Cherry SE's equity ratio improved to 56% as of the end of the first half of 2024, compared to 51% at the end of 2023. This indicates a stronger financial position for the company.

2024 Forecast Confirmation

Cherry SE has confirmed its forecast for the full year 2024, expecting group revenue between EUR 140 – 150 million and an adjusted EBITDA margin of 7 – 8%. The company also maintains its third-quarter forecast, anticipating group revenue of approximately EUR 35 million and an adjusted EBITDA margin in the range of 5% - 6%.

Summarized from source with an LLMView Source

Key figures

-77.8%1Y

-97.8%3Y

%5Y

Performance

82.9%1Y

67.5%3Y

65.6%5Y

Volatility