<

CHERRY SE EQS-Adhoc: Cherry SE: Forecast miss Q3/2024

Transparency directive : regulatory news

02/10/2024 16:23

EQS-Ad-hoc: Cherry SE / Key word(s): Quarter Results/Profit Warning
Cherry SE: Forecast miss Q3/2024

02-Oct-2024 / 16:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Munich, 2 October 2024 – Based on current information, Cherry SE misses its sales forecast for the third quarter of 2024 and Cherry SE is expected to generate consolidated revenue of around 22 million for the third quarter of 2024 (previous forecast: approx. EUR 35 million). At this point in time, the Management Board assumes that the lower consolidated revenue will have a negative impact on the forecast adjusted EBITDA margin for the third quarter and thus on the year as a whole. The adjusted EBITDA margin for the third quarter is no longer expected to be positive.

Based on an adjusted EBITDA margin of 4% from the first half of the year, the Management Board is currently examining the exact impact of the lower Group sales on the forecast adjusted EBITDA margin in the third quarter of 2024 as well as on the full year forecast.

Notifying person: Oliver Kaltner, Chairman of the Board

 

 



End of Inside Information

02-Oct-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Cherry SE
Rosental 7, c/o Mindspace
80331 Munich
Germany
ISIN: DE000A3CRRN9
WKN: A3CRRN
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 2000803

 
End of Announcement EQS News Service

2000803  02-Oct-2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=2000803&application_name=news&site_id=symex~~~af100301-a623-4c64-8f3d-90fc88eca9e6

source : webdisclosure.com



Other stories

14/10/2024 19:31
14/10/2024 16:50
14/10/2024 13:18
14/10/2024 18:45
14/10/2024 15:30
13/10/2024 19:34
14/10/2024 17:49
14/10/2024 20:12
14/10/2024 07:00
14/10/2024 20:01
14/10/2024 21:12
14/10/2024 16:21
14/10/2024 19:42
14/10/2024 20:13
14/10/2024 21:23
14/10/2024 13:07
14/10/2024 17:30
14/10/2024 17:01
14/10/2024 18:14
14/10/2024 16:27
14/10/2024 12:36
14/10/2024 11:02
14/10/2024 16:08
14/10/2024 21:34
14/10/2024 18:59
14/10/2024 12:52
14/10/2024 20:48
14/10/2024 20:38
14/10/2024 21:56
14/10/2024 17:11
14/10/2024 18:41
14/10/2024 17:01
14/10/2024 10:00
14/10/2024 19:08
14/10/2024 11:51
14/10/2024 11:20
14/10/2024 11:22
14/10/2024 08:20