Brief: Cherry Q1 Revenue Down At 33 Mln

Cherry SE

11/05/2022 07:08

May 11 (Reuters) - CHERRY AG  C3RY.DE :
    * REPORTS FIRST QUARTER RESULTS AND CONFIRMS FORECAST FOR
FISCAL
YEAR 2022
    * Q1 REVENUE FELL 12.6 PERCENT TO 33 MILLION EUR
    * REVENUE FORECAST FOR CURRENT FISCAL YEAR BETWEEN EUR 170
MILLION
AND EUR 190 MILLION WITH ADJUSTED EBITDA MARGIN BETWEEN 23% AND
26% CONFIRMED
    * Q1 ADJUSTED EBITDA MARGIN DOWN TO 13.4% (Q1/2021*: 29.0%)
    * REVENUE FORECAST FOR CURRENT FISCAL YEAR BETWEEN EUR 170
MILLION
AND EUR 190 MILLION WITH ADJUSTED EBITDA MARGIN BETWEEN 23% AND
26% CONFIRMED
    * DOUBLE-DIGIT GROWTH AND HIGHER ADJUSTED EBITDA MARGIN
FORECAST
TO CONTINUE AFTER 2022 FISCAL YEAR

Source text for Eikon:  ID:nEQ8YBfsga 
Further company coverage:  C3RY.DE 

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