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Cherry: Redeye: Cherry - 3 for the price of 1

Cherry showed significant organic progress during Q2 with net sales
growing by 40% and EBIT by over 100%, no small feat to pull off!
Compared to our projections the sales level was higher while the EBIT
came in lower. The main reason for the profit deviance was an
increased marketing investment rate within Online Gaming and higher
growth investments in both Yggdrasil and Game Lounge than we
projected. We see a substantial potential from today's level
supported both by our SOTP and DCF valuation.

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