Cherry confirms financial forecast for 2017

12 January 2018

Cherry AB has said that it expects to achieve SEK2.2bn (€224.1m/$269.7m) in revenue for the 12 month to December 31, 2017.

In a statement issued after a major investor seminar, Cherry also revealed that profit for the full year should amount to approximately SEK400m.

Cherry intends to publish its fourth-quarter and full-year results on February 21.

Anders Holmgren, chief executive of Cherry AB, said: “The end of the year developed according to our expectations with all companies showing good growth in sales and earnings.

“In addition, ComeOn’s new management has implemented measures that, in a very short time, reversed the negative trend we saw in the middle of the year.

“Management is now working to increase revenue and maintain profitability, and will realise further synergies in 2018.”

Related article: Cherry raises stake in Game Lounge to 95%