Tue 02/08/2022 07:27 AM
AS Adventure Post-reorg coverage from the EMEA Core Credit team
AS Adventure brought net leverage below 2x at the end of 2021 from over 10x following its balance-sheet restructuring in December 2020 after the Benelux-based outdoor sports clothing and equipment retailer’s earnings recovered emphatically from the impact of the pandemic, sources told Reorg.
Sales reached €525.3 million in 2021, which was comfortably ahead of €496.9 million budgeted and significantly up on the...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.