April 2018

Cherry publishes Annual Report for 2017

Cherry AB (publ) – STO: CHER-B.ST – has published its Annual report for 2017. The document includes Cherry’s Sustainability Report and Corporate Governance report and is from today available on the Groups website, www.cherry.se under the tab Investors and as attachment to this press release.

Bondholders have approved proposed to amend restructuring schedule

Cherry AB (publ) – STO: CHER-B.ST – has, as announced on 26 March 2018, instructed Nordic Trustee to initiate a written procedure aimed at extending the schedule allowing Cherry to amend the restructuring of its legal structure, until 30 September 2018. Holders of bonds totaling a nominal amount of about EUR 148.5 million, corresponding to approximately 82.5 percent, have approved the amended schedule.   

Cherry’s first quarter 2018: Revenues and EBITDA better than anticipated

Cherry AB (publ) – STO: CHER-B.ST – has made a preliminary assessment of the Group’s development in the first quarter of 2018. Revenues, as well as EBITDA, show a strong expansion and are expected to amount to approximately MSEK 675 and MSEK 188, respectively, to be compared with MSEK 541 and MSEK 83, respectively, in the corresponding period in the preceding year. EBITDA margin for the quarter is expected to amount to 28 percent (15).

Game Lounge acquires TodaysWeb, an international SEO specialist

The affiliate company Game Lounge, a subsidiary of Cherry AB (publ) – STO: CHER-B.ST – has acquired the majority of the assets of TodaysWeb, an international internet company specialising in search enginge optimization (SEO). The purchase consideration amounts to SEK 14 million and is being financed through available cash and bank balances.

Notice of Annual General Meeting in Cherry AB (publ)

The shareholders of Cherry AB (publ) – STO: CHER-B.ST – are hereby invited to the Annual General Meeting on Wednesday 9 May 2018, at 10:00 a.m. CET, at the offices of Advokatfirman Delphi, Mäster Samuelsgatan 17, 7thfloor, Stockholm, Sweden. Registration for the meeting will commence at 09:30 a.m. CET.
March 2018

Cherry updates financial information on acquisition of Game Lounge

Cherry AB (publ) – STO: CHER-B.ST – announced 22 December 2017 that the company is acquiring the majority of shares outstanding in the leading affiliate company Game Lounge Ltd. The acquisition is intended to be paid through a combination of equal portions cash and newly issued shares in Cherry AB (publ). Cherry can now announce that the purchase consideration has been determined to approximately SEK 189.2 million, of which the cash portion is expected to amount to approximately SEK 94.6 million.

Yggdrasil announces new YGS Masters programme

Yggdrasil Gaming, a Cherry AB (publ) – STO: CHER-B.ST – subsidiary, will invite independent games studios to develop game titles on its platform with the launch of Yggdrasil Game Server (YGS) Masters. The invite-only, semi-open platform will see Yggdrasil curating content from the world’s leading independent games studios.
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...