Cherry SE Reports Preliminary 2024 Results and Market Challenges

Munich-based Cherry SE has released additional preliminary figures for the fourth quarter and fiscal year 2024, facing a challenging market landscape. The company ended the year with a group revenue of approximately EUR 110 million, registering an adjusted EBITDA margin of around -2.0%.

In Q4 2024, Cherry SE's revenue fell to EUR 25.8 million, down from EUR 37.9 million the previous year, with an adjusted EBITDA of EUR -1.5 million. The Peripherals segment experienced a 22% drop in annual sales, totaling EUR 72 million. However, the Digital Health & Solutions segment saw a 30% sales increase, reaching EUR 30 million in 2024.

Despite these challenges, recent structural changes, including new contracts and a revised partner program, are showing promise. The company's liquidity improved to EUR 16.4 million by year-end, boosted by cost savings and efficient working capital management.