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Article Date: February 2023
Word Count: 434

Signa Sports United Faces Slow Turnaround


Finishing its first year as a public company, SSU’s net loss soared to €539.3 million ($567.1 mm) for the 12 months ended Sep. 30, from a loss of €37.7 prior, on 31% higher revenues of €1,062.8 million ($1,117.6 mm), up from €813.7 million. Sales declined on a pro forma basis including the Midwest Sports, WiggleCRC and Tennis Express acquisitions in both periods. The bottom line was pulled deep into the red by a €254.9 impairment charge for WiggleCRC, €140.5 million of shares issued to the Yucaipa Acquisition Corporation SPAC that counted ... Log in to view full article.

 


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