EQS-Adhoc: Cherry SE: Cherry SE recognizes asset impairment for 2024; updates adjusted EBITDA margin for fiscal year 2024

Munich, 11 April 2025 – While preparing the consolidated financial statements for fiscal year 2024 and in close coordination with its auditor, Cherry SE has recognized impairments on assets totaling EUR 28.6 million. This amount includes EUR 7.9 million related to goodwill, EUR 15.8 million related to other non-current assets, and EUR 4.9 million related to inventory. The inventory write-down fully impacts the adjusted EBITDA margin.

As a result, the preliminary adjusted EBITDA margin* now stands at approx. -6.3% (previously: -2.0%).

*The definition of the adjusted EBITDA margin can be found on page 26 of the Annual Report 2023 of Cherry SE, which is available at https://ir.cherry.de/en/.

Notifying person: Oliver Kaltner, Chairman of the Management Board