Cherry will own and develop rapidly expanding and profitable companies in gaming and casino operations. Cherry is an owner company that develops and invests in various types of gaming companies and gaming assets. Our ambition is to develop strong and strategic partnerships. Innovation is maintained in the group by retaining the founders and senior executives who have continued to be active in the organisation.

Foresight, innovation, fresh thinking, organic growth and creation of value are principles guiding the construction and development of the diversified business areas. We have a long-term investment model in the assets and support the business areas as they grow. We endeavor to be a market-leading player in every individual business area in which we operate, while continuously looking for and exploring new business opportunities.

Cherry Group

Financial performance

  Q3   Jan-Sep   Jan-Dec
SEK M 2017 2016 ∆% 2017 2016 ∆% 2016
Revenue 567 214 165% 1,644 583 182% 1,102
EBITDA 112 31 263% 288 71 303% 174
EBITDA-margin 20% 14%   18% 12%   16%
EBIT 78 22 264% 190 45 323% 115
Cherry Group  
2,016 2,017  
MSEK Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Revenue 154.1 172.5 177.3 191.7 214 519.4 541.4 535.8 567.3
EBITDA-margin, % 11.3 13.6 14.5 7.7 14.5 20.5 15.3 17.3 19.8

During the year, the acquisition of ComeOn was finalized

The company is a part of Cherry, broadening the Group’s portfolio of products and brands, providing economies of scale.

Expansion in 2016

XCaliber is our new business area for B2B with thorough technical expertise and great development potential that creates new revenue streams for Cherry.