Annual General Meeting 2024 of Cherry SE: Shareholders approved all items on the agenda. Positive outlook for the second half of the year
29 Julio 2024 - 2:00AM
Cherry SE held its Annual General Meeting in virtual form
on 24 July 2024. All the resolutions proposed by the management
were approved by a large majority of shareholders. The
representative of Deutsche Schutzvereinigung für Wertpapierbesitz
e.V. (DSW) and the representative of Schutzgemeinschaft für
Kleinanleger (SdK) granted discharge to the current Management
Board team, consisting of CEO Oliver Kaltner and COO Dr. Udo
Streller, and presented their questionnaires.
Positive outlook for the second half of
the yearThe Annual General Meeting of Cherry SE was held
virtually for the first time this year. The Executive Board
explained the key decisions for the transformation year 2023 and
the associated measures, most of which have already been finalised.
These include the streamlining of the management team, the focus on
strict executional excellence, effective cost management and
long-term liquidity planning. Transparent capital market
communication and the development of a diversified business model
with three segments support the process. ‘The positive trend in
profitability and the encouraging forecasts for Q3 and the full
year 2024 prove that the Management Board has taken the right
measures and that the restructuring measures are paying off,’
explains Marcel Stolk, Chairman of the Supervisory Board of Cherry
SE.
Strategic progress through a new
focusCherry SE is growth-orientated. The expansion of the
Digital Health & Solutions division will be one of the drivers
of economic success. ‘In particular, the stronger focus on the B2B
area in Digital Health and Solutions will help us to become more
resilient to fluctuations in consumer behaviour. In the healthcare
sector, we also benefit from the regulatory framework and are a
leading provider of digital hardware and software solutions. Within
the Group, we remain focussed on achieving our EBITDA targets for
2024,’ comments Oliver Kaltner, CEO of Cherry SE. ‘We are confident
about the further course of the current financial year.’
The voting results and Oliver Kaltner's speech
can be viewed on the website of the 2024 Annual General Meeting of
Cherry SE.
Streamlining of the management team
meets with a positive responseThe personnel announcements
met with broad approval from shareholders due to the associated
simplified structures and shorter reporting and decision-making
channels. The company had previously announced that Volker Christ
would assume long-term responsibility for Global Finance & IT
as Executive Vice President from 1 August 2024, reporting directly
to the CEO, and that the Executive Board position of CFO Dr Mathias
Dähn, who left the company prematurely, would not be filled. A
further step in the transformation process has thus been
successfully completed. The Supervisory Board also announced the
appointment of semiconductor physicist Ashley Saulsbury to the
Supervisory Board and the extension of Steven M. Greenberg's
mandate.
About Cherry SECherry SE [ISIN: DE000A3CRRN9]
is a globally operating manufacturer of high-end mechanical
keyboard switches and computer input devices such as keyboards,
mice, and headsets for applications in the worlds of gaming,
e-sports, office and hybrid workplaces, industry, and healthcare.
Since it was founded in 1953, Cherry has been synonymous with
innovative, high-quality products developed specifically to meet
the various needs of its customers.
Cherry has its operational headquarters in Auerbach in Germany's
Upper Palatinate region and over 400 employees in production
facilities in Auerbach, Zhuhai (China), and Vienna (Austria) as
well as in various sales offices in Auerbach (Germany), Pegnitz
(Germany) Munich (Germany), Landskrona (Sweden), Paris (France),
Kenosha (USA), Taipei (Taiwan), and Hong Kong (China).More
information is available online on
https://www.cherryamericas.com/
Investor Relations ContactCherry SE Nicole
SchillingerInvestor RelationsP: Rosental 7, c/o Mindspace, 80331
MunichT: +49 (0) 9643 2061 848E: nicole.schillinger@cherry.de
Press ContactMax Borges AgencyMarcus LimSenior
Account Executivecherry@maxborgesagency.com