Cherry: First comment Q4, impressive development

Research Note

2017-02-21

15:30

Today Cherry released their report for the fourth quarter of 2016. Due to a significant organic uptake and the acquisition of ComeOn, the net sales grew by 237%, and the company produced an EBITDA of SEK 106m. The sales were higher than we had anticipated and the EBITDA in line. Cherry also announced that Anders Holmgren (acting CEO and board member) takes on the role as the Groups ordinary CEO. Anders experience within the iGaming industry and with Cherry is extensive and we see him as an excellent choice for the position.

KL

Kristoffer Lindström

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