Cherry has performed strongly in the first quarter of 2018.
Group revenue increased by 26 per cent to SEK681m, with organic revenue growth amounting to 25 per cent.
Profitability improved and EBITDA increased by 131 per cent to SEK192m and the EBITDA margin was 28 per cent. Profit for the period amounted to SEK89m. Earnings per share before and after dilution amounted to SEK 0.96.
The company also made some notable acquisitions in the period; on January 1, ComeOn acquired Get Lucky, and n January 29, Game Lounge acquired the website Slottracker.
Anders Holmgren, CEO, said: "The first quarter of 2018 shows that Cherry’s business model yields good results. Growth continued with increased profitability, and we see good prospects for 2018 becoming a good year for Cherry’s shareholders."
