Tue 08/24/2021 12:48 PM
Spanish wedding dress retailer Pronovias had around €13.5 million of cash on balance sheet as of June 30, 2021, sources familiar with the situation told Reorg.
Year-to-date reported EBITDA was negative €200,000, while year-to-date pro-forma adjusted EBITDA (which is the number used for covenant calculations) was above €16 million, sources said.
The company’s performance is still below that of 2019 due to the impact of Covid-19 restrictions. Some sources are still nervous about its
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