Tag Archives: Cherry AB

Cherry AB reports widespread growth despite ComeOn restructure

Despite lowering its full-year 2017 corporate forecast last week, Stockholm-listed online gambling group Cherry AB has reported ‘widespread growth’ across its assets for its Q3 2017 trading update (period ending 30 September). Improved player activity throughout its verticals, sees Cherry report a 165% increase in group revenues to SEK 567 million (€58 million – Q3 2016: SEK 214 million). Cherry’s …

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Tough ComeOn integration sees Cherry revise 2017 corporate forecast

Prior to the release of its pending Q3 2017 trading update (scheduled for Wednesday 8 November), the governance of Stockholm-listed online gambling group Cherry AB has issued a corporate update detailing that it has revised its full-year 2017 corporate forecast. The firm’s revision of FY-2017 expectations follows a tougher than anticipated integration of acquired ComeOn assets having undertaken a strategic …

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Cherry restructure of ComeOn sees Jonas Wåhlander depart as company MD

Updating the market, Stockholm-listed industry games and software supplier Cherry AB has announced that it has moved to restructure igaming subsidiary ComeOn’s senior management team. Its decision sees Jonas Wåhlander step down as Managing Director of ComeOn Malta Ltd with immediate effect. During H1 2017, Cherry AB governance completed its full acquisition of ComeOn! enterprise for a total consideration of …

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Deeper Pool…Cherry AB migrates onto Stockholm Nasdaq

The governance of industry games and software supplier Cherry AB has this morning informed that it has gained ‘listings approval’ to migrate its corporate shareholding onto the Stockholm Nasdaq. Cherry AB now awaits its final review by the Swedish Financial Supervisory Authority, before it can officially become a Stockholm Nasdaq-listed enterprise. The firm has detailed to investors that it expects …

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Fast growth Cherry AB hits new revenue & profitability heights this H1 2017

Updating the market on its H1 2017 interim results, the governance of Stockholm-listed online gambling group Cherry AB is confident of hitting its full-year targets and corporate expectations, following a strong opening six months of trade. An enlarged Cherry would report H1 2017 group revenues of SEK 1 billion (€106 million), up 192% on like-for-like 2016’s SEK 370 million. Aided …

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Cherry AB confirms full €280 million acquisition of ComeOn

Issuing a corporate update, Stockholm-listed Cherry AB has confirmed that it has completed the outright acquisition of Malta-based online gambling operator ComeOn (ComeOn.com) purchasing 100% of its shares. Cherry governance informs that it completes its 100% takeover of all ComeOn related assets for a total consideration of €280 million, from which the firm’s initial €80 million payment has been deducted. …

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Cherry increases equity in Almor Holdings to 82.5%

Updating the market, the governance of Stockholm-listed Cherry AB has informed that it has acquired a further 7.5% of shares in Malta-based German focused operator Almor Holdings. The acquisition will see Cherry increase its equity holding in Almor to 82.5% of shares. In July 2015, Cherry governance made its initial 71% purchase of Almor share for €4.6 million euros, and …

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Cherry’s XCaliber signs first affiliate client with FSport Sweden

Stockholm-listed Cherry AB’s new business B2B services division XCaliber will provide Swedish fantasy sports platform FSport with its affiliate marketing platform ‘Omarsys’. Launched in November 2016, XCaliber is a specialist division focusing on player management and acquisition services. The division is set to bring to market new performance related tools to help industry stakeholders optimise performance and management of game …

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Double executive appointment sees Cherry AB appoint Christine Rankin as CFO & Carolina Strömlid as Communications lead

Stockholm-listed Cherry AB has announced the appointment of two new executive team members in Christine Rankin as Group CFO and Carolina Haglund Strömlid as new Head of Investor Relations & Corporate Communications. Taking over Cherry auditing and controllership duties with immediate effect, Christine Rankin joins Cherry AB as new Financial Officer. A PWC certified accountant and former partner, Rankin has …

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Cherry AB unifies all igaming assets under ComeOn business area

Having completed its outright acquisition of Malta-based European online casino operator ComeOn, Stockholm-listed Cherry AB has announced that it will unify its industry igaming portfolio under the acquired ComeOn brand. Confirming its restructuring decision, Cherry AB governance stated that all Cherry iGaming B2C assets, would be moved to the ComeOn brand as of 1 April 2017, with the firm creating …

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