Cherry SE Releases Q1 2025 Report, Maintains Annual Forecast

On May 14, 2025, Cherry SE, a worldwide provider of computer input devices and digital healthcare solutions, shared its Q1 2025 financial results. The company posted a Group revenue of EUR 25.3 million, with an adjusted EBITDA of EUR -2.0 million, leading to a margin of -8.0%. These figures aligned with internal forecasts but fell below Q1 2024's results, which showed higher revenues and a positive EBITDA margin.

The gaming & office peripherals division recorded revenues of EUR 19.1 million, while the digital health & solutions sector saw a significant decline to EUR 4.8 million. Meanwhile, the components segment generated EUR 1.5 million, suffering from severe price competition.

Cherry SE is relocating its switch production to China and extending its loan with UniCredit. The sale of the Active Key business for EUR 21 million aids in enhancing financial flexibility. The company anticipates 2025's full-year revenue between EUR 105 and 120 million, with an EBITDA margin of 3.0% to 6.0%.