Stockholm-listed gaming operator Cherry has reported organic revenue growth of 46 per cent for the third quarter of the year, with acquisitions driving its growth rate to 58 per cent.

Revenue for the third quarter amounted to SEK899.0m versus SEK567.0m a year ago, driven in part by favourable exchange rates, with EBITDA for the period improving by 130 per cent to SEK258.0m as margin climbed from 20 per cent in Q3 2017 to 29 per cent this year.

Profit for the period amounted to SEK188.0m, an increase of 352 per cent. This includes a positive contribution of SEK57.0m from the revaluation of Cherry's holding in Highlight Games.

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