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Signa Sports Faces Uncertain Future and Urgent Need for Financial Injections

The company needs additional financial injections from the Signa mother and is also dependent on the extension of a loan. Otherwise the end threatens.

The sports goods retailer Signa Sports writes a loss and warns investors of an uncertain future. In the first half of the year, the subsidiary of the Signa real estate group, founded by René Benko, recorded a minus of 180.5 million euros. The retailer urgently needs liquidity to keep the business going.

The Signa mother had recently approved a cash injection of 130 million euros. But that is obviously not enough.

2023-06-29 07:19:28
#René #Benkos #Signa #Sports #posts #loss #millions #warns #of..

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