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Cherry posts better than expected first quarter results

16th April 2018 8:47 am GMT

Shares in Swedish gaming operator Cherry gained more than 9 per cent in Stockholm Monday morning after the company revealed strong growth in its preliminary results for the first quarter of 2018.

The company said that revenue was expected to grow by 25 per cent year-on-year to SEK675m (€64.6m) in Q1, with EBITDA more than doubling to SEK188m (Q1 2017: SEK83m).

The company said the results were better than anticipated, primarily due to continued improvement within the Online Gaming [...]

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