Redeye: Cherry - 3 for the price of 1

Cherry showed significant organic progress during Q2 with net sales growing by 40% and EBIT by over 100%, no small feat to pull off! Compared to our projections the sales level was higher while the EBIT came in lower. The main reason for the profit deviance was an increased marketing investment rate within Online Gaming and higher growth investments in both Yggdrasil and Game Lounge than we projected. We see a substantial potential from today’s level supported both by our SOTP and DCF valuation.

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This is a press release from Redeye - Research Powered Investment Banking. https://www.redeye.se/about/