Cherry SE Secures Financing Extension and Restructures Operations

Cherry SE has announced a financing extension with UniCredit Bank GmbH, reducing its facility from EUR 25 million to EUR 23 million. The loan, with unchanged interest rates at EURIBOR plus 3.75%, is extended until December 2027. Cherry's restructuring plan includes closing switch production at its Auerbach site, transitioning it into a European hub for development and service, while transferring production to a partner in China. A workforce reduction in Auerbach is planned, coordinated with the works council to ensure a socially responsible approach.

The Management Board projects 2025 revenues between EUR 105 to 120 million, with an adjusted EBITDA margin anticipated at 3 to 6%. These figures are set against analyst projections of EUR 117.5 million in revenue and a 3.3% EBITDA margin. This realignment aims to strengthen Cherry's operational and financial positioning amidst evolving market conditions.