February 2018

Cherry AB (publ): Year-end report 2017

A year of good growth and investments in innovation- FOURTH QUARTER 2017. Group revenue increased by 17% year-on-year to MSEK 607 (519), with organic revenue growth amounting to 16% (41). Profitability improved and EBITDA increased by 37% to MSEK 141 (103) and the EBITDA margin was 23.3% (20.5). Profit for the period amounted to MSEK 18 (68).

Yggdrasil to enter Spain with leading operator GVC

Yggdrasil Gaming, a Cherry AB (publ) – STO: CHER-B.ST – subsidiary, is to enter the Spanish igaming market after reaching an agreement with existing partner GVC. GVC will be the first operator to offer Yggdrasil titles, and is expected to go live in the market during Q2 2018, in full compliance with Spanish requirements. 
January 2018

Game Lounge acquires Slottracker.com – a site that gives more control to the player

The Affiliate Company Game Lounge, a subsidiary of Cherry AB (publ) – STO: CHER-B.ST – has acquired the site Slottracker.com and its unique solution in order to give all casino players a better overview and control of their gaming. The seller is US company, Innovative Game Solutions Partnership, and the two founders Thomas Starkie and Brett Lawson. The purchase consideration amounts to EUR 1 million, of which EUR 200,000 is to be paid 12 months after the acquisition. An additional purchase consideration of EUR 300,000 will be paid if the seller achieves certain objectives over a two-year period.

Yggdrasil updates the experience of classic table games

Yggdrasil Gaming, a Cherry AB (publ) – STO: CHER-B.ST – subsidiary, is set to revolutionise the table games sector when it launches high-tech versions of the classic table games Blackjack, Roulette and Baccarat. The player will be fully immersed in a 3D casino environment and be able to interact with a digital dealer, which will enhance the experience.

Cherry confirms forecast for full year 2017

Cherry AB (publ) – STO: CHER-B.ST – is participating today in a major investor seminar in Copenhagen, Denmark. Prior to the capital market meeting, the Company has made a preliminary assessment of the Cherry Group’s revenue and EBITDA for the full year 2017, confirming the forecast, that revenue will amount to approximately MSEK 2,200 and profit (EBITDA) to about MSEK 400.

Yggdrasil signs bet25.dk Denmark deal

Yggdrasil Gaming, a Cherry AB (publ) – STO: CHER-B.ST – subsidiary has added another operator in Denmark after reaching an agreement with bet25.dk. The brand, which is operated by Ecosys...