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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). (As of May 18, 2022)

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

Status: June 16, 2022

Dividend Policy

Dividend: n/a

Analysts & Consensus

Analysts
Analyst Institute Recommendation Target Price Date
Julian Dobrovolschi / Leopoldo Palazzi Trivelli ABN AMRO / ODDO BHF Neutral 10.40 Euro August 11, 2022
Marie-Thérèse Gruebner / Tim Wunderlich, CFA Hauck Aufhäuser Investment Banking Buy 25.50 Euro August 12, 2022
Tom Diedrich Metzler Capital Markets Buy 15.00 Euro July 19, 2022
Miguel Lago Mascato/ Sebastian Weidhüner Montega AG – Equity Research Buy 23.00 Euro August 12, 2022
Jörg Philipp Frey / Andreas Wolf Warburg Buy 20.00 Euro May 12, 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)
August 12, 2022 154.7 15.9%

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

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:

08/08/2022

Dissemination of a Post-admission Duties announcement

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02/08/2022

Dissemination of a Post-admission Duties announcement

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25/07/2022

Dissemination of a Post-admission Duties announcement

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18/07/2022

Dissemination of a Post-admission Duties announcement

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08/07/2022

Dissemination of a Post-admission Duties announcement

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04/07/2022

Dissemination of a Post-admission Duties announcement

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27/06/2022

Dissemination of a Post-admission Duties announcement

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20/06/2022

Dissemination of a Post-admission Duties announcement

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