a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Cherry AG may 
(negatively or positively) vary materially from those described explicitly or implicitly in the relevant 
forward-looking statement. Cherry AG neither intends, nor assumes any obligation, to update or revise these 
forward-looking statements in light of developments which differ from those anticipated. 
FINANCIAL AND OTHER INFORMATION 
The information contained in this announcement does not purport to be comprehensive and has not been subject to any 
independent audit or review. Certain of the financial information as of and for the fiscal years 2018, 2019 and 2020 
has been taken or derived from audited financial statements. The financial information as of and for the three-month 
period ended March 31, 2021 is unaudited. Information taken or derived from unaudited financial information should be 
read in conjunction with the relevant audited financial statements, including the notes thereto. 
Financial information presented in this announcement as of and for the fiscal year 2020, 2019 and 2018 and as of and 
for the three-months periods ended March 31, 2020 and 2021 has not been taken from the consolidated financial 
statements of the Company or from the Company's accounting records or internal management reporting system for such 
periods, or has been calculated based on figures from such sources, but taken from the consolidated financial 
statements of Cherry Holding GmbH or from the Company's accounting records or internal management reporting system, or 
has been calculated based on figures from such sources. Cherry Holding GmbH was the former parent company of Cherry 
group, which was merged into the Company in April 2021. Such consolidated financial information therefore does not 
constitute, and can substantially differ from, historical financial information of the Company. You are cautioned not 
to place undue reliance on any such historical financial information included in this announcement. 
This announcement also contains some "non-IFRS financial measures", including Adjusted EBIT, Adjusted EBITDA, Adjusted 
EBIT Margin, Adjusted EBITDA Margin, Free Cash Flow and Cash Conversion Rate. These non-IFRS financial measures are not 
defined by IFRS or any other internationally accepted accounting principles, and may not be comparable to similarly 
titled measures presented by other companies, nor should they be construed as an alternative to other financial 
measures determined in accordance with IFRS. You are cautioned not to place undue reliance on any non-IFRS financial 
measures and ratios included herein. 
Adjusted EBIT is calculated as EBIT (operating result/earnings before interest, taxes and income taxes) adjusted for 
the following either non-recurring items or non-operating items: (i) Staff expenses (incl. share-based staff expenses) 
/ (income); (ii) expenses in connection with capital market transactions; (iii) expenses in connection with M&A 
Transactions; (iv) expenses in connection with natural disaster and pandemic, and (v) other one-off cost (the items (i) 
through (v), the "Adjustment Items"). 
Adjusted EBITDA is calculated as EBIT plus depreciation and amortization and adjusted for the Adjustment Items. 
Adjusted EBIT Margin and Adjusted EBITDA Margin are calculated by dividing Adjusted EBIT and Adjusted EBITDA by 
revenue, as applicable. 
Free Cash Flow is calculated as cash flows from operating activities less cash flows from investing activities. 
Cash Conversion Rate is calculated as Free Cash Flow divided by consolidated profit/loss, expressed as a percentage. 
Certain figures, including financial and market data, have been rounded and the relevant sums may not add up to 100% 
due to rounding. 
 
=---------------------------------------------------------------------------------------------------------------------- 
2021-06-07 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Cherry AG 
              Einsteinstr. 174 
              81677 München 
              Germany 
E-mail:       bernd.wagner@cherry.de 
EQS News ID:  1204634 
 
End of News   DGAP News Service 
=------------

1204634 2021-06-07


 
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(END) Dow Jones Newswires

June 07, 2021 02:01 ET (06:01 GMT)