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Cherry AG Earnings Release 2024
730_ip_2024-04-25_b44e6392-8ebb-434e-9d10-7987502d5bba.pdf
Earnings Release
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Key Group Figures (IFRS)*
| € million / as reported | Jan 1 to Mar 31, 2024 | Jan 1 to Mar 31, 2023 | Change |
|---|---|---|---|
| Revenue1 | 30.3 | 28.7 | 5.6% |
| - GAMING & OFFICE PERIPHERALS | 20.6 | 20.1 | 2.5% |
| - COMPONENTS | 1.7 | 4.1 | -58.5% |
| - DIGITAL HEALTH & SOLUTIONS | 8.0 | 4.5 | 77.8% |
| FRITDA | -0.2 | -2.8 | -92.9% |
| EBITDA (adjusted)2 | 0.9 | -1.3 | -169.2% |
| EBITDA margin | -0.5% | -9.8% | 9.30 PP. |
| EBITDA margin (adjusted)2 | 2.8% | -4.6% | 7.40 PP. |
| Cash flow from operating activities | -2.5 | -17.8 | -86.0% |
| Cash flow from investing activities | -1.1 | -8.2 | -86.6% |
| Free cash flow | -3.6 | -26.0 | -86.2% |
| € million / as reported | Mar 31, 2024 | Dec 31, 2023 | Change |
|---|---|---|---|
| Cash and cash equivalents | 31.2 | 46.1 | -32.3 |
| Net Working Capital3 | 57.9 | 56.7 | 2.1% |
| Trade Working Capital4 | 71.6 | 75.2 | -4.8% |
| - Inventories | 56.2 | 62.4 | -9.9% |
| - Current trade receivables | 25.3 | 30.6 | -17.3% |
| - Current trade liabilities | -9.9 | -17.8 | -44.4% |
| Net cash (+) / net debt (-)5 | -3.9 | 0.9 | -533.3% |
| Net cash II (+) / net debt II (-)6 | -24.2 | -19.7 | 22.8% |
1 Consolidated group revenue.
2 Adjusted for one-time and/or non-operating items.
3 Balance of current assets (excluding cash and cash equivalents) and current liabilities (excluding financial debts).
4 Balance of inventories, current trade receiveables, and current trade liabilities.
5Liabilities to banks less cash and cash equivalents.
<Liabilities to banks, current and non-current tease liabilities, and pensions obligations, less cash and cash equivalents.
* The information provided herein represents preliminary figures as of April 25, 2024, due to not yet concluded annual close 2023 and are therefore still subject to change.