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Cherry confirms guidance as ComeOn performance improves

11th January 2018 6:20 am GMT

Stockholm-listed gaming operator Cherry has confirmed its financial forecast for 2017, with revenue for the year expected to reach SEK2.2bn (€223.9m).

Cherry had revised its full year forecast in November following a difficult third quarter, lowering its revenue guidance from SEK2.5bn to SEK2.2bn, with EBITDA revised down from SEK480m to SEK400m.

The company said at the time that the revised guidance reflected the slower than expected integration of the acquired ComeOn business, together with "erroneous marketing decisions" which contributed to higher costs and [...]

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