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 liquidity...
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.