EQS-Adhoc: Cherry SE: Preliminary figures for the financial year 2024, figures below last forecast  

Munich, 11 February 2024 - According to preliminary and as yet unaudited figures for the financial year 2024, Group revenue and the adjusted Group EBITDA margin* will not reach the forecast last updated on October 22, 2024. In 2024 as a whole, Group revenue is expected to amount to around EUR 110 million (forecast: around EUR 120 million) and the adjusted Group EBITDA margin* is expected to be around -2% (forecast: around 3%).  

The reduced revenue level led to a decline in the adjusted EBITDA margin, as costs could not be reduced to the same extent.

Due to the annual results falling short of expectations, the management board also anticipates, as in the previous year, impairments on fixed and current assets.

*The definition of the adjusted EBITDA margin can be found on page 26 of Cherry SE's 2023 Annual Report, which is available at https://ir.cherry.de/en/

Notifying person: Oliver Kaltner, Chairman of the Executive Board