November 2017

Cherry revises its full-year forecast for 2017 and presents preliminary earnings summary for the third quarter

Cherry AB (publ) – STO: CHER-B.ST – has, prior to the release of its third quarter report, performed a more detailed analysis of development in its subsidiary ComeOn! Consequently, the Cherry Group is revising its full-year forecast for 2017, from revenue generated of approximately MSEK 2,500 to about MSEK 2,200, and profit (EBITDA) from about MSEK 480 to about MSEK 400.
October 2017

Management changes in ComeOn

Jonas Wåhlander, Managing Director of ComeOn Malta Ltd has today stepped down from his position. A new management team with extensive experience is in charge of taking ComeOn! to the next level.

Cherry AB:s class B shares trading on Nasdaq Stockholm

Today, Wednesday 18 October 2017, the Chairman of Cherry AB, Mr. Morten Klein, and the CEO of Cherry AB, Mr. Anders Holmgren, rang the bell at Nasdaq Stockholm. This opened today’s trading on the exchange and the first day of trading for Cherry AB (publ)’s class B shares in the Mid Cap segment on Nasdaq Stockholm.

Cherry AB publishes prospectus in connection with the listing on Nasdaq Stockholm

On 13 October 2017 Cherry AB (publ) announced that Nasdaq Stockholm’s listing committee had approved Cherry AB (publ) class B shares for listing on Nasdaq Stockholm. The prospectus that has been prepared in connection with the listing has been approved and registered by the Swedish Financial Supervisory Authority and is now available on Cherry’s website, www.cherry.se.

Cherry AB has been approved for listing on Nasdaq Stockholm

Nasdaq Stockholm’s listing committee has approved Cherry AB (publ) class B shares for listing on Nasdaq Stockholm. The approval is subject to the customary conditions, including the Swedish Financial Supervisory Authority’s approval and registration of a prospectus. Trading on the Nasdaq Stockholm exchange is expected to commence on Wednesday 18 October 2017. 
September 2017

Final acquisition analysis for ComeOn!

The Board of Directors of Cherry AB has resolved to approve the final acquisition analysis for ComeOn!. A preliminary acquisition analysis was prepared in connection with the consolidation process in the fourth quarter 2016. In the final acquisition analysis the appreciation in the value of shares, amounting to SEK 510 million, is annulled. This has had no effect on the results for the year, however goodwill and equity were reduced.  
August 2017

Cherry adjusts full-year forecast

All of the Cherry Group business areas are performing well but the ComeOn! integration has not yet reached a full positive impact. Thus, the Company adjusts its full-year forecast for 2017.
July 2017

Yggdrasil signs Betfred agreement

Yggdrasil Gaming has agreed a deal with Betfred that will see its content go live on the operator’s UK and dot com offerings. The direct integration will give Betfred access to Yggdrasil’s...
June 2017
May 2017

Report from the annual general meeting of Cherry AB (publ) on 16 May 2017

At the annual general meeting of Cherry AB (publ), reg. no 556210-9909 on 16 May 2017, the following resolutions were, among others, adopted. The board of directors’ complete proposals have previously been published and are available in Swedish on the Company’s website, cherry.se, under the section Annual General Meeting.

Cherry acquires significant stake in Highlight Games

Cherry AB (publ) has today signed an agreement to acquire 25 percent of the gaming technology company, Highlight Games Limited, with an option to acquire a further 26 percent. Highlight Games offers a unique and patented product, together with multi-year rights to use footage from historical football matches to create unique virtual sports content. With this investment, Cherry further strengthens its position within gaming technology.

Cherry completes acquisition of ComeOn

Cherry AB (publ) (“Cherry”) has today completed the acquisition of the remaining 51 percent of the shares in ComeOn Malta Ltd (“ComeOn”), and has accordingly closed the acquisition of 100 percent of the shares. The integration work that has been successfully carried out since July 2016 and with the acquisition, Cherry becomes the third largest online gaming operator in the Nordics.
April 2017

Notice to attend the annual general meeting in CHERRY AB (PUBL)

The shareholders of Cherry AB (publ), reg. no. 556210-9909, (the ”Company”), are hereby given notice to attend the annual general meeting (the “AGM”) to be held Tuesday 16 May 2017 at 10.00 a.m. at Advokatfirman Delphi’s office, with address Mäster Samuelsgatan 17, 7th floor, Stockholm. Registration for the meeting commences at 09.30 a.m.

Cherry has called on the option to acquire an additional 7.5 percent of the shares in Almor Holding Ltd

Cherry has called on the option to acquire an additional 7,5 percent of the shares in the Maltese company Almor Holding Ltd (Almor), a leading online casino and sportsbook business specialising in German-speaking and some additional European markets. Cherry acquired 75 percent of the shares in Almor in 2015 and after this acquisition Cherry owns 82,5% of the company. Almor has continued to perform above expectations and over time Cherry holds options to acquire the remaining shares in the company.
March 2017

Strengthening of the Management team of Cherry AB (publ)

Cherry AB (publ) has today appointed Christine Rankin as CFO for Cherry AB (publ) and she will assume her position with immediate effect. Carolina Haglund Strömlid has been appointed Head of Investor Relations and Communication for Cherry AB (publ).
February 2017
January 2017

Yggdrasil secures William Hill deal

Yggdrasil Gaming has agreed a landmark direct integration with leading operator William Hill in the latest coup for the supplier’s fast-growing Gibraltar operation.

Yggdrasil to enter Italy

Cherry’s Yggdrasil Gaming Business Area has begun the process of certifying its games and platform in compliance with Italian technical requirements, with 11 of the supplier’s popular titles initially set to go live in the market in Q2 2017.

Changes in Cherry AB’s management

The Board of Directors of Cherry AB and CEO Fredrik Burvall have agreed that Burvall will leave his role as CEO due to family reasons. He will remain at the company until summer 2017. The Board of Directors has appointed Anders Holmgren as acting CEO until a new CEO has been recruited. Holmgren is currently a board member of Cherry AB and one of the founders of Betsson where he also held the role as the CEO for Betsson Malta.

Cherry Spelglädje extends its agreement with Harrys Pubar AB.

Cherry’s business area Restaurant Casino, Cherry Spelglädje, has extended its agreement with Harrys Pubar AB for another three years. Cherry Spelglädje currently conducts casino games in 33 of Harrys' 37 restaurants. The agreement gives Cherry Spelglädje the sole right to conduct gaming activities on all existing and future restaurants within the Harrys Pubar Group.

Cherry Spelglädje signs deal with O’Learys

Cherry’s Restaurant Casino Business Area, Cherry Spelglädje, has signed a two year frame agreement with O’Learys. At the moment, Cherry offers casino games (Black Jack and Roulette) at 17 of O’Learys restaurants in Sweden. The new agreement includes all franchising partners who wish to offer casino games at their restaurants or pubs. Cherry Spelglädje is presently the only nationwide casino games provider in Sweden.