Cherry: First comment Q1, well in line with strong profitability

Research Note

2017-05-10

13:26

Today Cherry released their report for the first quarter of 2017. The company reported net sales just 4% below our estimate and grew by massively 205%, of which 44% was organic. The profitability was better than expected, primarily driven by strong margins for both Yggdrasil and Game Lounge. Cherry continues to deliver, and our view of the case is intact following the report.

KL

Kristoffer Lindström

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