Cherry lowers full year forecast

News on 22 Aug 2017

Cherry Group has adjusted its full-year forecast for 2017, saying the integration of its recent acquisition of Come On! has not yet achieved a full positive impact.

The Group moved to emphasize that all business areas continue to perform well, showing strong development and profitable growth.

The total revenue for full year 2017 forecast of between SEK 2,600 million and SEK 2,700 million has been lowered to approximately SEK 2,500 million and forecast EBITDA of SEK 550 to SEK 600 million lowered to approximately SEK 480 million.

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