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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: May 18, 2022

Dividend Policy

Dividend: n/a

Analysts & Consensus

Analysts
Analyst Institute Recommendation Target Price Date
Julian Dobrovolschi / Leopoldo Palazzi Trivelli ABN AMRO / ODDO BHF Outperform 30 Euro May 11, 2022
Marie-Thérèse Gruebner / Tim Wunderlich, CFA Hauck & Aufhäuser Buy 31 Euro May 17, 2022
Miguel Lago Mascato/ Sebastian Weidhüner Montega AG – Equity Research Buy 28 Euro May 13, 2022
Jörg Philipp Frey / Andreas Wolf Warburg Buy 20 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)
May 12, 2022 171.1 20.8%

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