Cherry AG : Growth drivers remain intact despite the logistics headwinds
>Q3 results – strong mix effect: gaming weak but professional strong - Yesterday morning Cherry reported its Q3 results, which were broadly in line with our expectations. The company reported sales of € 43.1m, up 26.1% yoy and compounding to 31.5% YTD growth (with a c. 2% inorganic contribution). Overall, this suggests a slight deceleration in growth qoq, however we still think the company performed well given the challenging logistic headwinds. Supply chain constrai...
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