Report
Cherry SE : Gross margin outlook improving, expectations remain high for H2 2023
>Inventories continue to rise - Q2 2023 inventories continued to creep up in almost all business segments, to € 80.3m (up 7.2% QoQ). But this is not the case for gaming devices (down 10.7% QoQ), where it appears that Cherry is doing better at converting inventories into revenue and cash. Switches inventories ticked up again, by 11.2% QoQ, after a sequential decline in Q1. The company says this stems from the production kick-off of the MX2 switch in June 2023, planned ...
Underlying
CHERRY AG
Provider
Oddo BHF
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.
Julian Dobrovolschi
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