Cherry: Experts see an opportunity to get started

In 2022, Cherry’s sales will decrease by 20.6 percent to 133.7 million euros. Montega analysts expected 131.9 million euros. Especially in the game area, Cherry must overcome the disadvantage. According to analysts’ calculations, it is more than percent. This includes problems in supply chains and the Chinese shutdown, among others. But last year’s marks were also high due to the pandemic. Adjusted EBITDA margin of 12.6 percent falls short of Cherry’s forecast. It was 13-15 percent. Analysts’ model previously quoted 12.8 percent. As before, analysts have assigned a Buy recommendation to shares of Cherry (WKN: A3CRRN, ISIN: DE000A3CRRN9, Chart). The target price drops from EUR 16.00 to EUR 15.00. Experts expect the gaming industry to grow by around 20 percent to more than 55 million euros in 2023. The professional industry is expected to grow by more than 10 percent to 96.6 million euros. Experts see this year’s EBITDA at 15.5 percent. The current price level offers attractive entry opportunities for analysts. They expect earnings per share of 0.1 euros in 2023 and 0. 3 euros in 202 . Cherry shares fell 1.1 percent to 7. 0 euros.

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