Finance

Cherry AB revenues up 41% in Q2 2018

Acting CEO hails Cherry’s “continued favourable development” in egaming business

Cherry AB has revealed a 41% year-on-year rise in its revenues for the second quarter of 2018, which it attributed to “significant and effective” investments in marketing. The company reported revenues of SEK753m (£64.4m) during the quarter, while company EBITDA increased by 78% to SEK165m (£14.1m) with an EBITDA margin of 22%. Its online business…

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