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Basic Data

ISIN DE000A3CRRN9
WKN A3CRRN
Ticker (Trading Symbol) C3RY
Type of Shares No par value bearer shares
First day of trading June 29, 2021
Total Number of Shares 24,300,000
Stock Exchange Regulated market of Frankfurt Stock Exchange (Prime Standard)
Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart
Designated Sponsor Hauck & Aufhäuser Privatbankiers AG
Paying Agent Bankhaus Gebr. Martin AG

Key Figures Share

2021
Annual high (€) 39.00
Annual low (€) 24.10
Year-end share price (€) 24.90
Average trading volume (shares) 16,463.00
Market capitalization at year-end (€ mn.) 605.10

On September 30, 2020, the shareholders’ meeting of the Company resolved to increase the share capital from EUR 25,000.00 by EUR 11,253.00 to EUR 36,253.00.

On May 25, 2021, an extraordinary shareholders’ meeting of the Company resolved to increase the share capital from EUR 36,253.00 by EUR 1,963,747.00 to EUR 2,000,000.00 out of the Company’s reserves.

On June 11, 2021, an extraordinary shareholders’ meeting of the Company resolved to increase the share capital from EUR 2,000,000.00 by EUR 18,000,000.00 to EUR 20,000,000.00 out of the Company’s reserves.

On June 23, 2021, an extraordinary shareholders’ meeting of the Company resolved to increase the share capital from EUR 20,000,000.00 by EUR 4,300,000.00 to EUR 24,300,000.00 against a contribution in cash.

Shareholder Structure*

* Information is based on voting rights notifications pursuant to Art. 40, Para. 1 of the German Securities Trading Act (WpHG).

** Based on internal investor reporting to Cherry, not subject to disclosure.

*** Includes 3.2% held directly and indirectly by the members of the Management Board.

Status: November 21, 2022

Dividend Policy

Dividend: n/a

Analysts & Consensus

Analysts
Analyst Institute Recommendation Target Price Date
Jörg Philipp Frey / Andreas Wolf Warburg Buy 13.00 Euro November 18, 2022
Marie-Thérèse Gruebner / Tim Wunderlich, CFA Hauck Aufhäuser Investment Banking Buy 14.00 Euro November 16, 2022
Julian Dobrovolschi / Leopoldo Palazzi Trivelli ABN AMRO / ODDO BHF Neutral 9.80 Euro November 15, 2022
Tom Diedrich Metzler Capital Markets Buy 11.00 Euro November 08, 2022
Miguel Lago Mascato/ Sebastian Weidhüner Montega AG – Equity Research Buy 15.00 Euro November 08, 2022
Please note:
Cherry AG updates the analyst overview regularly. The evaluations presented here merely reflect the opinion of the financial institutions, research companies or analysts named therein. Cherry AG assumes no liability for the selection, timeliness, completeness or accuracy of the analyst recommendations reproduced and their content nor the consensus listed here. Interested parties are recommended to obtain research reports from the respective analysts directly or from the corresponding financial institutions or research companies. Cherry AG does not provide research reports.
Consensus 2022
Date Revenue (€ mn.) EBITDA margin (adjusted)
November 18, 2022 133.0 12.4%

IPO

On June 29, 2021, Cherry AG began a new chapter in its long-established corporate history with its successful IPO. The placement of the bearer shares on the Frankfurt Stock Exchange in the Prime Standard quality segment at an issue price of EUR 32 per share generated gross proceeds of EUR 416 million. Of this amount, the Company received EUR 138 million to finance its further corporate growth. On the first day of trading, Cherry’s market capitalization stood at EUR 778 million with a total of 24,300,000 shares outstanding.

Hauck & Aufhäuser acted as sole global coordinator and joint bookrunner for the IPO on the regulated market. ABN AMRO (in cooperation with ODDO BHF SCA) and M.M. Warburg & CO acted as joint bookrunners.

IPO Data
Sole Global Coordinator and Joint Bookrunner: Sole Global Coordinator and Joint Bookrunner: Hauck & Aufhäuser Privatbankiers AG
Joint Bookrunner: Joint Bookrunner: ABN AMRO Bank N.V. and M.M.Warburg & CO (AG & Co.) KGaA
Offering period: June 16 to June 23, 2021
Issuing Method: Book building
First Trading Day: June 29, 2021
First Price: EUR 32.00
IPO Volume: EUR 416 mn. gross proceeds
Securities Prospectus

Share Buyback Program 2022

The Annual General Meeting of June 23, 2021, has authorized the Company until June 22, 2026, to purchase treasury shares of the Company for any legally permissible purpose via the stock exchange or by means of a public purchase offer or by means of a public invitation to shareholders to submit offers for sale.

The Management Board has resolved on June 9, 2022, with the consent of the Supervisory Board, to launch a share buyback program using this authorization (“Share Buyback Program 2022“). Within the framework of the Share Buyback Program 2022, up to a total of 2,000,000 shares (corresponding to up to 8.2 % of the existing share capital of the Company) may be repurchased from June 13, 2022, to June 30, 2023, at a total purchase price (excluding incidental acquisition costs) of a maximum of EUR 25.0 million up to a price cap of EUR 14.00 per share.

Cherry will regularly report on the progress of the share buyback on this website.

Adhoc release

09/06/2022

Adhoc Release of June 9, 2022

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Announcements

10/06/2022

Announcement of June 10, 2022

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Transactions

Date Number of purchased shares Average price (in EUR) Purchased volume (in EUR) Details
June
13 - 19,
2022
84,610 8.7961 744,237.00 XLS Download
June
20 - 24,
2022
81,953 9.4088 771,078.35 XLS Download
June
27 - 30,
2022
48,755 8.8687 432,394.84 XLS Download
July
01 - 08,
2022
72,709 8.3903 610,052.99 XLS Download
July
11 - 15,
2022
49,430 8.3531 412,892.80 XLS Download
July
18 - 22,
2022
61,313 7.8235 479,680.93 XLS Download
July
25 - 29,
2022
30,897 7.5681 233,831.14 XLS Download
August
01 - 05,
2022
28,168 8.1735 230,231.57 XLS Download
August
08 - 12,
2022
36,344 7.9182 287,777.53 XLS Download
August
15 - 19,
2022
20,670 8.2257 170,025.24 XLS Download
August
22 - 26,
2022
24,647 7.7530 191,087.32 XLS Download
August 29-
September
02, 2022
14,418 7.0796 102,074.31 XLS Download
September
05 - 09,
2022
22,045 6.8272 150,505.55 XLS Download
September
12 - 16,
2022
26,302 6.5285 171,713.38 XLS Download
September
19 - 23,
2022
19,584 5.6544 110,734.90 XLS Download
September
26 - 30,
2022
28,367 5.3300 151,196.42 XLS Download
October
03 - 07,
2022
33,984 5.5520 188,679.68 XLS Download
October
10 - 14,
2022
21,870 5.1074 111,699.65 XLS Download
October
17 - 21,
2022
15,577 5.1826 80,729.59 XLS Download
October
24 - 25,
2022
7,357 5.1905 38,186.75 XLS Download
October
26 - 31,
2022
9,398 5.2685 49,513.66 XLS Download
November
01 - 04,
2022
15,215 5.2450 79,803.42 XLS Download
November
07 - 11,
2022
26,504 5.6015 148,463.00 XLS Download
November
14 - 18,
2022
17,745 6.6832 118,594.00 XLS Download
November
21 - 25,
2022
24,606 7.0309 173,002.29 XLS Download

The disclosures pursuant to Article 5 para. 1 lit. b) and para. 3 of Regulation (EU) No 596/2014 and Art. 2 para. 2 and 3 of Commission Delegated Regulation (EU) No 2016/1052 can beo found here:

28/11/2022

Dissemination of a Post-admission Duties announcement

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21/11/2022

Dissemination of a Post-admission Duties announcement

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14/11/2022

Dissemination of a Post-admission Duties announcement

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