Cherry Third Quarter 2024 Earnings: €0.31 loss per share (vs €0.33 loss in 3Q 2023)

Cherry (ETR:C3RY) Third Quarter 2024 Results

Key Financial Results

• Revenue: €22.6m (down 17% from 3Q 2023).
• Net loss: €7.20m (loss narrowed by 6.5% from 3Q 2023).
• €0.31 loss per share (improved from €0.33 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cherry Earnings Insights

Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Tech industry in Europe.

Performance of the market in Germany.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Cherry (1 can't be ignored!) that you need to be mindful of.

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