Cherry AG : Squeezing the most out of a tough macro
>2022 lacks visibility - Last Thursday (31 March), Cherry published its FY 2021 results. Top line and adjusted EBITDA were broadly in-line with expectations, but net profit fell short. However, the most disappointing message in the report was that on the outlook, in our view. For 2022, Cherry targets sales of between € 170-190m, implying 6.8% growth at the mid-point of the range, while consensus was at 15% FY 2022 growth. The company blames the macro environment (Cov...
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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