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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

* Based on internal investor reporting to Cherry, not subject to disclosure.
** Includes 0.3% held directly and indirectly by the members of the Management Board.

Status: August 1, 2023

Dividend Policy

Dividend: n/a

Analysts & Consensus

Analysts
Analyst Institute Recommendation Target Price Date
Julian Dobrovolschi / Leopoldo Palazzi Trivelli ABN AMRO / ODDO BHF Outperform 7.00 Euro August 16, 2023
Marie-Thérèse Gruebner / Tim Wunderlich, CFA Hauck Aufhäuser Investment Banking Buy 12.50 Euro August 15, 2023
Tom Diedrich Metzler Capital Markets Buy 7.50 Euro August 15, 2023
Miguel Lago Mascato Montega AG – Equity Research Buy 9.00 Euro August 17, 2023
Jörg Philipp Frey / Andreas Wolf Warburg Buy 7.00 Euro August 15, 2023
Please note:

Cherry SE updates the analyst overview regularly. The evaluations presented here merely reflect the opinion of the financial institutions, research companies or analysts named therein. Cherry SE 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 SE does not provide research reports.
Consensus 2023
Date Revenue (€ mn.) EBITDA margin (adjusted)*
17-Aug-23 139.3 10.1%
* The estimates of Metzler Capital Markets and Warburg are based on adjusted EBITDA

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
Download

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

Announcements

10/06/2022

Announcement of June 10, 2022

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
November 28 -
December
02, 2022 		23,534 7.0645 166,255.32 XLS Download
December
05 - 09,
2022 		14,406 6.6572 95,904.22 XLS Download
December
12 - 16,
2022 		27,334 6.7600 184,776.59 XLS Download
December
19 - 23,
2022 		11,564 7.0797 81,869.79 XLS Download
December
27 - 30,
2022 		7,811 7.3449 57,371.24 XLS Download
January
02 - 06,
2023 		12,484 8.0701 100,747.16 XLS Download
January
09 - 13,
2023 		12,318 7.8473 96,663.38 XLS Download
January
16 - 20,
2023 		9,602 7.6005 72,979.90 XLS Download
January
23 - 27,
2023 		13,753 7.3014 100,415.73 XLS Download
January 30-
February
03, 2023 		13,896 6.7384 93,636.24 XLS Download
February
06 - 10,
2023 		19,352 6.7362 130,358.34 XLS Download
February
13 - 17,
2023 		19,098 7.2524 138,506.34 XLS Download
February
20 - 24,
2023 		8,449 7.8324 66,175.78 XLS Download
February
27 -
March 03,
2023 		7,859 7.6487 60,111.10 XLS Download
March
06 - 10,
2023 		14,181 7.9869 113,261.80 XLS Download
March
13 - 17,
2023 		10,301 7.2052 74,220.45 XLS Download
March
20 - 24,
2023 		27,691 5.7741 159,889.66 XLS Download
March
27 - 31,
2023 		1,859 5.3996 10,037.88 XLS Download
April
03 - 06,
2023 		0 0 0 n.a.
April
11 - 14,
2023 		23,262 5.3353 124,109.81 XLS Download
April
17 - 21,
2023 		47,756 4.9194 234,929.51 XLS Download
April
24 - 28,
2023 		40,219 4.7139 189,588.35 XLS Download
May
08 - 11,
2023 		20,435 4.6661 95,352.72 XLS Download
May
12 - 19,
2023 		17,003 4.3820 74,507.15 XLS Download
May
22 - 26,
2023 		40,010 4.3353 173,455.03 XLS Download
May
29 -
June 02,
2023 		24,590 4.4795 110,150.48 XLS Download
June
05 -
June 09,
2023 		15,691 4.4503 69,829.15 XLS Download
June
12 -
June 16,
2023 		2,000 4.5730 9,146.10 XLS Download
June
19 -
June 23,
2023 		1,420 3.7582 5,336.69 XLS Download
June
26 -
June 30,
2023 		975 3.7142 3,621.38 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:

03/07/2023

Dissemination of a Post-admission Duties announcement

26/06/2023

Dissemination of a Post-admission Duties announcement

19/06/2023

Dissemination of a Post-admission Duties announcement

12/06/2023

Dissemination of a Post-admission Duties announcement

05/06/2023

Dissemination of a Post-admission Duties announcement

30/05/2023

Dissemination of a Post-admission Duties announcement

23/05/2023

Dissemination of a Post-admission Duties announcement

12/05/2023

Dissemination of a Post-admission Duties announcement

08/05/2023

Dissemination of a Post-admission Duties announcement

08/05/2023

Dissemination of a Post-admission Duties announcement