Cherry AG — Earnings Release 2024

Apr 30, 2025

Key Group Figures (IFRS)*

€ million / as reported	Oct 1 - Dec 31, 2024	Oct 1 - Dec 31, 2023	Change	Jan 1 - Dec 31, 2024	Jan 1 - Dec 31, 2023	Change
Revenue1	26.3	37.9	-30.6%	110.4	126.5	-12.7%
thereof GAMING & OFFICE PERIPHERAI S	16.2	27.3	-40.7%	72.6	92.6	-21.6%
thereof DIGITAL HFAI TH & SOI UTIONS	7.8	8.2	-4.9%	30.5	23.0	32.5%
thereof COMPONENTS	2.2	2.3	-4.3%	7.4	10.9	-32.0%
FRITDA	-8.2	-7.2	-13.9%	-11.6	-10.3	-13.0%
EBITDA (adjusted)2	-6.3	0.1	-6400.0%	-7.0	2.1	-437.0%
EBITDA margin	-31.2%	-19.0%	-12.2 PP.	-10.5%	-8.1%	-2.4 PP.
EBITDA marqin (adjusted){	-23.9%	0.4%	-24.3 PP.	-6.3%	1.6%	-7.9 PP.
Cash flow from operating activities	10.8	3.9	176.9%	2.8	-27.9	110.2%
Cash flow from investing activities	-3.1	-0.7	-342.9%	-9.1	-10.8	15.7%
Free cash flow	7.8	3.2	143.8%	-6.3	-38.7	83.9%

€ million / as reported	Dec 31, 2024	Dec 31, 2023	Change
Liquide Mittel	16.4	46.1	-64.4%
Net Working Capital3	40.2	55.9	-28.1%
Trade Working Capital4	49.5	75.2	-34.2%
- Vorräte	53.7	62.4	-13.9%
- Kurzfristige Forderungen (LuL)	20.1	30.6	-34.3%
Kurzfristige Verbindlichkeiten (LuL) -	-24.3	-17.8	-36.5%
Nettoliquidität [+] / Nettoverschuldung [-]5	-10.0	0.9	-1211.1%
Nettoliquidität II [+] / Nettoverschuldung II (-)6	-27.2	-19.7	-38.1%

1 Consolidated group revenue.

²Adjusted 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 receivables. and current trade liabilities.

5Liabilities to banks less cash and cash equivalents.

َ َLiabilities to banks. current and non-current lease liabilities. and pensions obligations. less cash and cash equivalents.

* The information provided herein represents preliminary figures as of April 30. 2025 and therefore. may still be subject to change.