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2017-05-24

Cherry: Redeye: Value expansion continues in Cherry

Cherry started 2017 in the same way as they ended 2016, at a high
phase. Game Lounge saw a significant pick-up in revenues, Yggdrasil
continues to deliver and Come On! grew heavily while XCaliber signed
their first client.

The company continues to impress us and following the strong report we
have made some positive forecast adjustments which result in an
increased estimated Base-case value. We believe that the market
continues to underestimate Cherry's long-term prospects.

Read more and download the Research Update by Kristoffer Lindström at:
https://goo.gl/xPOyJc

Become a member at Redeye to access the latest research on Life
Science and Tech companies.

This is a press release from Redeye - Research Powered Investment
Banking. http://beta.redeye.se

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