Cherry SE Acknowledges Asset Impairment and Adjusts 2024 EBITDA Margin

On April 11, 2025, Cherry SE announced a significant impairment of assets for the fiscal year 2024. The company, headquartered in Munich, revealed impairments totaling EUR 28.6 million. These impairments cover EUR 7.9 million in goodwill, EUR 15.8 million in other non-current assets, and EUR 4.9 million in inventory.

The inventory write-down has notably impacted Cherry SE's adjusted EBITDA margin, which is now approximately -6.3%, compared to a previous estimate of -2.0%. This adjustment reflects the company's close coordination with auditors during the preparation of the consolidated financial statements.

The announcement was made by Oliver Kaltner, Chairman of the Management Board, as part of regulatory disclosures. Cherry SE's financial details are accessible via their annual report.