Key financial figures
|For Fiscal Year ended December 31,||2020||2019||2018|
|(Cherry Holding GmbH*)|
|(in EUR thousands, unless otherwise stated)|
|Adjusted EBITDA margin||28,5%||25,9%||20,9%|
|Adjusted EBIT margin||20,6%||17,7%||13,7%|
|Free Cash Flow**||16,438||12,731||10,416|
* Cherry AG (then: Cherry AcquiCo GmbH) acquired Cherry Holding GmbH, the former parent company of Cherry Group, with effect as of September 30, 2020. Figures presented in this table do not refer to Cherry Group with Cherry AG as parent company, but to the former group of Cherry Holding GmbH. Cherry Holding GmbH was merged into Cherry AG (then: Cherry AcquiCo GmbH) in April 2021. Historical financial information for Chery Group with Cherry AG as parent company reflecting the full fiscal year 2020 is not available.
** Cherry Group calculates "Free Cash Flow" as cash flows from operating activities less cash flows from investing activities.