Cherry hails quick turnaround after ComeOn restructure

Group predicts a 127% rise in profits and an EBITDA margin of 28% in forthcoming Q1 results

Cherry Group has today announced projected revenue growth of 25% to MSEK 675 (£56m) for Q1 2018. In a preliminary assessment of its Q1 numbers, EBITDA rose 127% to SEK 188m (£15.6m) with a profit margin of 28%, up 13 percentage points on the previous year. The Group hailed a quick turnaround after dropping its…

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