Cherry AG : Scrap 2022, 2023 should be a cleaner growth year
>What’s happening within the switches business segment - Gaming switches posted a very weak Q1 performance, with revenues declining by more than 50% YoY. This is obviously disappointing, as this segment was the “Cherry on the cake” of the business model, in our view. The poor performance is a reflection of two elements: 1) high customer inventory, prompting manufacturers to push out their stock at a significant discount, 2) a very weak US market (down c. 20% YoY). Q2 ...
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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