Cherry drops profit forecast on ComeOn integration issues

Operator revises FY2017 revenue and EBITDA forecasts after “incorrect marketing decisions” and slow integration

Cherry AB has revised its full-year financial forecast for 2017 as a result of continued integration issues with its online business ComeOn. In a company statement group CEO Anders Holmgren said full-year revenues had been revised to 2,200 MSEK (£196.6m) from 2,500 MSEK (£223.5m). Additionally, the firm anticipates EDITDA earnings of 400 MSEK (£35.7m) for…

Anders Holmgren | Cherry | Cherry Group | ComeOn | Finance | Finance | Finances | Jonas Wahlander