Cherry confirms forecast for full year 2017
Cherry AB (publ) – STO: CHER-B.ST – is participating today in a major investor seminar in Copenhagen, Denmark. Prior to the capital market meeting, the Company has made a preliminary assessment of the Cherry Group’s revenue and EBITDA for the full year 2017, confirming the forecast, that revenue will amount to approximately MSEK 2,200 and profit (EBITDA) to about MSEK 400.
“The end of the year developed according to our expectations with all companies showing good growth in sales and earnings. In addition, ComeOn’s new management has implemented measures that, in a very short time, reversed the negative trend we saw in the middle of the year. Management is now working to increase revenue and maintain profitability, and will realize further synergies in 2018,” says Anders Holmgren, CEO of Cherry AB.
Cherry’s financial statements for the fourth quarter and full year 2017 will be published on 21 February 2018. Cherry issues no forecast for the full year 2018.
Today, Cherry will present its operations to investors who participate in the SEB Nordic Seminar in Copenhagen. In addition to the above update, the Company will focus on the Game Lounge operations, which are part of the Online Marketing business area. Presentation pictures and a filmed interview with Jonas Cederholm, CEO of Game Lounge, will be available at www.cherry.se from 10:00 a.m. CET today.
For further information, please contact:
Anders Holmgren, CEO: +46 708 607 534, email@example.com
Christine Rankin, CFO: +46 765 399 492, firstname.lastname@example.org
Anders Antonsson, IR & Communications: +46 709 994 970, email@example.com
This information is such that Cherry AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above on 10 January 2018, at 8:00 a.m. CET.
Cherry is a Swedish innovating and fast-growing gaming company established in 1963. The business strategy is to create shareholder value by owning and developing fast growing and profitable businesses within the gaming and casino industry. Today, Cherry operates through five diversified business areas: Online Gaming, Game Development, Online Marketing, Gaming Technology, and Restaurant Casino. The objective is to grow organically in combination with strategic acquisitions of fast-growing companies. Cherry employs some 1,100 people and has about 6,900 shareholders. The company’s class B share is listed on the Nasdaq Stockholm exchange, Mid Cap segment. More information is available at www.cherry.se.