https:\/\/investor.signa-sportsunited.com\/<\/a>.<\/p>\nNon-IFRS Financial Measures<\/i><\/b><\/p>\n
\nThe press release includes certain non-IFRS financial measures (including on a forward-looking basis). These non-IFRS measures are an addition, and not a substitute for or superior to, measures of financial performance prepared in accordance with IFRS and should not be considered as an alternative to net income, operating income or any other performance measures derived in accordance with IFRS. Please see for our definitions of our non-IFRS measures below.<\/p>\n
\nSSU believes that these non-IFRS measures of financial results (including on a forward-looking basis) provide useful supplemental information to investors about SSU. SSU\u2019s management uses forward-looking non-IFRS measures to evaluate SSU\u2019s projected financials and operating performance. However, there are a number of limitations related to the use of these non-IFRS measures and their nearest IFRS equivalents, including that they exclude significant expenses that are required by IFRS to be recorded in SSU\u2019s financial measures. In addition, other companies may calculate non-IFRS measures differently, or may use other measures to calculate their financial performance, and therefore, SSU\u2019s non-IFRS measures may not be directly comparable to similarly titled measures of other companies. Additionally, to the extent that forward looking non-IFRS financial measures are provided, they are presented on a non-IFRS basis without reconciliations of such forward-looking non-IFRS measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations.<\/p>\n
\nTotals have been calculated on the basis of non-rounded euro amounts and may differ from a calculation based on the reported million euro amounts.<\/p>\n
Liquidity<\/i><\/b><\/p>\n
\nIn addition to the \u20ac130 million hard financing commitment which SIGNA Sports United N.V. (the \u201cCompany\u201d) received from SIGNA Holding GmbH (\u201cSIGNA Holding\u201d), an affiliate of the Company\u2019s largest shareholder SIGNA International Sports Holding GmbH (\u201cSISH\u201d) on February 6, 2023 SIGNA Holding and the Company have entered into an additional equity commitment letter on June 26, 2023 with commitments by SIGNA Holding to provide the Company with additional liquidity of \u20ac150 million until September 30, 2025. The parties shall mutually agree on detailed financing terms substantially on the basis of the outstanding and newly issued convertible bonds, subject to amendments to the terms. The Company is confident the \u20ac150 million of liquidity commitments will be sufficient to fund its operational and investment related funding requirements into FY25.<\/p>\n
\nThe current market conditions have, and continue to, weigh heavily on our financial results and liquidity position. Additional factors may further accelerate our need for additional financing, including if revenues are lower than expected, or if our costs and expenses on a go-forward basis are higher than expected or if we are unable to extend loan repayment terms on loans maturing<\/b>within the next 12 months; furthermore, our operating plan may change as a result of many factors, including those currently unknown to us, and we may need to seek additional funds sooner than planned, in each case, through public or private equity, debt financings or other sources. Notwithstanding the hard financing commitments obtained from SIGNA Holding, the Company is working to extend the terms or refinance its revolving credit facility of \u20ac 100 million which falls due in May 2024. A failure to extend the terms or refinance the Company\u2019s existing revolving credit facility by May 2024 could have a material adverse effect on our business, financial condition, results of operations and prospects, raise substantial doubt about the Company\u2019s continuation as a going concern and ultimately cause our business to fail and liquidate with little or no return to investors.<\/p>\n
Forward-Looking Statements<\/i><\/b><\/p>\n
\nThese forward-looking statements include, but are not limited to, statements regarding future events, the estimated or anticipated future results and benefits of SSU following the business combination, future opportunities for SSU, future planned products and services, business strategy and plans, objectives of management for future operations of SSU, market size and growth opportunities, competitive position, technological and market trends, and other statements that are not historical facts. Forward-looking statements are generally accompanied by words such as believe,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cplan,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201cseem,\u201d \u201cseek,\u201d \u201cfuture,\u201d \u201coutlook,\u201d \u201csuggests,\u201d \u201ctargets,\u201d \u201cprojects,\u201d \u201cforecast\u201d and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. All forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of the Company, which are all subject to change due to various factors including, without limitation, changes in general economic conditions as a result of the war in Ukraine, significant inflation, higher financing costs, an increase in energy costs, a negative consumer sentiment and COVID-19. Any such estimates, assumptions, expectations, forecasts, views or opinions, whether or not identified in this document, should be regarded as indicative, preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results.<\/p>\n
\nForward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management\u2019s beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors. The forward-looking statements in this press release may include, without limitations, statements about:<\/p>\n
\n- \nour liquidity and losses from operations and projected cash flows and related impact on our ability to continue as a going concern;<\/p>\n<\/li>\n
- \nour future financial condition and operating results;<\/p>\n<\/li>\n
- \nour ability to remain in compliance with financial covenants under our financing arrangements;<\/p>\n<\/li>\n
- \nour ability to extend, renew or refinance our existing debt;<\/p>\n<\/li>\n
- \nour growth, expansion and acquisition prospects and strategies, the success of such strategies, and the benefits we believe can be derived from such strategies;<\/p>\n<\/li>\n
- \nour ability to effectively manage our inventory and inventory reserves;<\/p>\n<\/li>\n
- \nimpairments of our goodwill or other intangible assets;<\/p>\n<\/li>\n
- \nchanges in consumer spending patterns and overall levels of consumer spending;<\/p>\n<\/li>\n
- \nour ability to further upgrade our information technology systems and infrastructure, including our accounting processes and functions, and other risks associated with the systems that operate our online retail operations;<\/p>\n<\/li>\n
- \nour ability to continue to remedy weaknesses in our internal controls;<\/p>\n<\/li>\n
- \ncosts as a result of operating as a public company;<\/p>\n<\/li>\n
- \nour assumptions regarding interest rates and inflation;<\/p>\n<\/li>\n
- \nchanges affecting currency exchange rates;<\/p>\n<\/li>\n
- \ncontinuing business disruptions arising from the on-going war in Ukraine and in the aftermath of the coronavirus pandemic;<\/p>\n<\/li>\n
- \nour financial condition and ability to obtain financing in the future to implement our business strategy and fund capital expenditures, acquisitions and other general corporate activities;<\/p>\n<\/li>\n
- \nestimated future capital expenditures needed to preserve our capital base;<\/p>\n<\/li>\n
- \nchanges in general economic conditions in the Federal Republic of Germany (\u201cGermany\u201d), and the European Union and the Unites States of America, including changes in the unemployment rate, the level of energy and consumer prices, wage levels, etc.;<\/p>\n<\/li>\n
- \nthe further development of online sports markets, in particular the levels of acceptance of internet retailing;<\/p>\n<\/li>\n
- \nour behavior on mobile devices and our ability to attract mobile internet traffic and convert such traffic into purchases of our goods;<\/p>\n<\/li>\n
- \nour ability to offer our customers an inspirational and attractive online purchasing experience;<\/p>\n<\/li>\n
- \ndemographic changes, in particular with respect to Germany;<\/p>\n<\/li>\n
- \nchanges in our competitive environment and in our competition level;<\/p>\n<\/li>\n
- \nthe occurrence of accidents, terrorist attacks, natural disasters, fires, environmental damage, or systemic delivery failures;<\/p>\n<\/li>\n
- \nour inability to attract and retain qualified personnel, consultants and collaborators;<\/p>\n<\/li>\n
- \npolitical changes;<\/p>\n<\/li>\n
- \nchanges in laws and regulations;<\/p>\n<\/li>\n
- \nour expectations relating to dividend payments and forecasts of our ability to make such payments; and<\/p>\n<\/li>\n
- \nother factors discussed in \u201cItem 3. Key Information \u2014 D. Risk Factors\u201d in our 20-F filing as of February 7, 2023 and Exhibit 99.4 in our 6-K filing as of June 28, 2023.<\/p>\n<\/li>\n<\/ul>\n
\nForward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements for many reasons, including the factors described in \u201cItem 3. Key Information\u2014D. Risk Factors\u201d in our 20-F filing as of February 7, 2023 and Exhibit 99.4 in our 6-K filing as of June 28, 2023 and our ability to continue as a going concern. Accordingly, you should not rely on these forward-looking statements, which speak only as of the date of this press release. You should, however, review the factors and risks we describe in the reports we will file from time to time with the SEC after the date of this press release.<\/p>\n
\nIn addition, statements such as \u201cwe believe\u201d and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based on information available to us as of the date of this press release. And while we believe that information provides a reasonable basis for these statements, that information may be limited or incomplete. Our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all relevant information. These statements are inherently uncertain, and you are cautioned not to rely unduly on these statements.<\/p>\n
\nAlthough we believe the expectations reflected in the forward-looking statements were reasonable at the time made, we cannot guarantee future results, level of activity, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should carefully consider the cautionary statements contained or referred to in this section in connection with the forward-looking statements contained in this press release and any subsequent written or oral forward-looking statements that may be issued by us or persons acting on our behalf.<\/p>\n
Definitions<\/i><\/b><\/p>\n
\nGross Profit: Net revenues less cost of materials adjusted to exclude extraordinary write-offs.<\/p>\n
\nActive Customers: Customers with one or more purchases within the last 12 months, irrespective of cancellations or returns.<\/p>\n
\nTotal Visits: Number of visits including mobile and website. Cut-off at 30 minutes of inactivity and at date change. Not cut off at channel change during session.<\/p>\n
\nNet Orders: Orders post cancellations and full returns.<\/p>\n
\nNet AOV: Total online revenue (excluding sales partners) divided by net orders (post cancellations and full returns).<\/p>\n
About SIGNA Sports United:<\/i><\/b><\/p>\n
\nSIGNA Sports United (SSU) is a NYSE-listed specialist sports e-commerce company with headquarters in Berlin. It has businesses operating within bike, tennis, outdoor, and team sports. SSU has more than 80 online sites and partners with 500 shops serving over 6 million customers worldwide. It includes Tennis-Point, WiggleCRC, Fahrrad.de, Bikester, Probikeshop, Campz, Addnature, TennisPro and Outfitter.<\/p>\n
\nFurther information: www.signa-sportsunited.com<\/a>.<\/p>\n
\n\n| \u00a0<\/td>\n<\/tr>\n |
\n| \n Reconciliations<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n (in EUR millions)<\/i><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n\n H1<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n H1<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n\n FY22<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n FY23<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Net Loss<\/b><\/td>\n | | \n\n (\u20ac196.4)<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (\u20ac180.5)<\/b><\/p>\n<\/td>\n<\/tr>\n\n| Income tax expense \/ benefit<\/td>\n | | \n\n \n\u20ac8.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u20ac3.0<\/p>\n<\/td>\n<\/tr>\n | \n| Earnings before tax (EBT)<\/b><\/td>\n | | \n\n (\u20ac204.4)<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (\u20ac183.5)<\/b><\/p>\n<\/td>\n<\/tr>\n\n| Interest<\/td>\n | | \n\n \n\u20ac2.6<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(\u20ac13.1)<\/p>\n<\/td>\n<\/tr>\n | \n| Depreciation and amortization<\/td>\n | | \n\n \n(\u20ac21.5)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(\u20ac27.6)<\/p>\n<\/td>\n<\/tr>\n | \n| EBITDA<\/b><\/td>\n | | \n\n (\u20ac185.4)<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (\u20ac142.8)<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Impairment loss<\/td>\n | | \n\n \n\u2013<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u20ac0.2<\/p>\n<\/td>\n<\/tr>\n | \n| Other net finance (income) \/ costs<\/td>\n | | \n\n \n(\u20ac10.8)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u20ac0.3<\/p>\n<\/td>\n<\/tr>\n | \n| Result from investments accounted for at equity<\/td>\n | | \n\n \n\u20ac0.6<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u20ac0.8<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Total EBITDA Adjustments<\/b><\/td>\n | | \n\n \u20ac169.8<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \u20ac44.5<\/b><\/p>\n<\/td>\n<\/tr>\n\n| Transaction related charges<\/td>\n | | \n\n \n\u20ac0.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u2013<\/p>\n<\/td>\n<\/tr>\n | \n| Reorganization and restructuring costs<\/td>\n | | \n\n \n\u20ac126.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u20ac30.0<\/p>\n<\/td>\n<\/tr>\n | \n| Consulting fees<\/td>\n | | \n\n \n\u20ac31.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u20ac13.2<\/p>\n<\/td>\n<\/tr>\n | \n| Share-based compensation<\/td>\n | | \n\n \n\u20ac9.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u20ac3.2<\/p>\n<\/td>\n<\/tr>\n | \n| Other items not directly related to current operations<\/td>\n | | \n\n \n\u20ac1.8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(\u20ac1.9)<\/p>\n<\/td>\n<\/tr>\n | \n| Adj. EBITDA<\/b><\/td>\n | | \n\n (\u20ac25.8)<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (\u20ac96.9)<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n| \n Unaudited interim condensed consolidated statements of operations<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n (in EUR millions)<\/i><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n\n H1<\/b><\/p>\n<\/td>\n | \n H1<\/b><\/p>\n<\/td>\n | \n YoY<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n\n 2022<\/b><\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n | \n Growth<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Net Revenue<\/b><\/td>\n | | \n\n \u20ac449.1<\/b><\/p>\n<\/td>\n | \n \u20ac441.4<\/b><\/p>\n<\/td>\n | \n (1.7%)<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Own Work Capitalized<\/td>\n | | \n\n \n2.2<\/p>\n<\/td>\n | \n \n2.3<\/p>\n<\/td>\n | \n \n5.2%<\/p>\n<\/td>\n<\/tr>\n | \n| Other Operating Income<\/td>\n | | \n\n \n2.6<\/p>\n<\/td>\n | \n \n5.5<\/p>\n<\/td>\n | \n \nNM<\/p>\n<\/td>\n<\/tr>\n | \n| Total Revenue and Other Income<\/b><\/td>\n | | \n\n \u20ac453.9<\/b><\/p>\n<\/td>\n | \n \u20ac449.3<\/b><\/p>\n<\/td>\n | \n (1.0%)<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Cost of Materials<\/td>\n | | \n\n \n(286.0)<\/p>\n<\/td>\n | \n \n(324.7)<\/p>\n<\/td>\n | \n \n13.5%<\/p>\n<\/td>\n<\/tr>\n | \n| Personnel Expense<\/td>\n | | \n\n \n(61.8)<\/p>\n<\/td>\n | \n \n(76.1)<\/p>\n<\/td>\n | \n \n23.2%<\/p>\n<\/td>\n<\/tr>\n | \n| Other Operating Expenses<\/td>\n | | \n\n \n(131.9)<\/p>\n<\/td>\n | \n \n(145.4)<\/p>\n<\/td>\n | \n \n10.2%<\/p>\n<\/td>\n<\/tr>\n | \n| EBITDA Adjustments<\/td>\n | | \n\n \n(169.8)<\/p>\n<\/td>\n | \n \n(44.5)<\/p>\n<\/td>\n | \n \n(73.8%)<\/p>\n<\/td>\n<\/tr>\n | \n| Depreciation & Amortization<\/td>\n | | \n\n \n(21.5)<\/p>\n<\/td>\n | \n \n(27.9)<\/p>\n<\/td>\n | \n \n29.5%<\/p>\n<\/td>\n<\/tr>\n | \n| Operating Loss<\/b><\/td>\n | | \n\n (\u20ac217.1)<\/b><\/p>\n<\/td>\n | \n (\u20ac169.3)<\/b><\/p>\n<\/td>\n | \n (22.0%)<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Share of results of associates<\/td>\n | | \n\n \n(0.6)<\/p>\n<\/td>\n | \n \n(0.8)<\/p>\n<\/td>\n | \n \n27.7%<\/p>\n<\/td>\n<\/tr>\n | \n| Finance income<\/td>\n | | \n\n \n17.0<\/p>\n<\/td>\n | \n \n6.8<\/p>\n<\/td>\n | \n \n(60.3%)<\/p>\n<\/td>\n<\/tr>\n | \n| Finance costs<\/td>\n | | \n\n \n(3.6)<\/p>\n<\/td>\n | \n \n(20.2)<\/p>\n<\/td>\n | \n \nNM<\/p>\n<\/td>\n<\/tr>\n | \n| Pre-Tax Income<\/b><\/td>\n | | \n\n (\u20ac204.4)<\/b><\/p>\n<\/td>\n | \n (\u20ac183.5)<\/b><\/p>\n<\/td>\n | \n (10.2%)<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Income Taxes<\/td>\n | | \n\n \n8.0<\/p>\n<\/td>\n | \n \n3.0<\/p>\n<\/td>\n | \n \n(62.8%)<\/p>\n<\/td>\n<\/tr>\n | \n| Result from continuing operations<\/b><\/td>\n | | \n\n (\u20ac196.4)<\/b><\/p>\n<\/td>\n | \n (\u20ac180.5)<\/b><\/p>\n<\/td>\n | \n (8.1%)<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\n| \n Unaudited interim condensed consolidated statements of financial position<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n (in EUR millions)<\/i><\/p>\n<\/td>\n<\/tr>\n\n | \n | \nH1<\/b><\/td>\n | | \nH1<\/b><\/td>\n<\/tr>\n\n | \n | \nFY22<\/b><\/td>\n | | \nFY23<\/b><\/td>\n<\/tr>\n\n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Non-current assets<\/b><\/td>\n | | \n | \n | \n | <\/tr>\n \n| Intangible assets<\/td>\n | | \n\n \n\u20ac935.2<\/p>\n<\/td>\n | | \n\n \n\u20ac674.5<\/p>\n<\/td>\n<\/tr>\n | \n| Property, plant and equipment and right of use<\/td>\n | | \n\n \n137.7<\/p>\n<\/td>\n | | \n\n \n176.5<\/p>\n<\/td>\n<\/tr>\n | \n| Equity accounted investees<\/td>\n | | \n\n \n0.0<\/p>\n<\/td>\n | | \n\n \n0.0<\/p>\n<\/td>\n<\/tr>\n | \n| Other non-current financial assets<\/td>\n | | \n\n \n3.3<\/p>\n<\/td>\n | | \n\n \n9.2<\/p>\n<\/td>\n<\/tr>\n | \n| Accrued expenses (non-current)<\/td>\n | | \n\n \n\u2013<\/p>\n<\/td>\n | | \n\n \n0.0<\/p>\n<\/td>\n<\/tr>\n | \n| Current assets<\/b><\/td>\n | | \n | \n | \n | <\/tr>\n \n| Inventories<\/td>\n | | \n\n \n313.7<\/p>\n<\/td>\n | | \n\n \n257.4<\/p>\n<\/td>\n<\/tr>\n | \n| Trade receivables<\/td>\n | | \n\n \n25.3<\/p>\n<\/td>\n | | \n\n \n28.2<\/p>\n<\/td>\n<\/tr>\n | \n| Income tax receivables<\/td>\n | | \n\n \n0.4<\/p>\n<\/td>\n | | \n\n \n0.4<\/p>\n<\/td>\n<\/tr>\n | \n| Other current financial assets<\/td>\n | | \n\n \n15.9<\/p>\n<\/td>\n | | \n\n \n17.2<\/p>\n<\/td>\n<\/tr>\n | \n| Other current assets<\/td>\n | | \n\n \n47.7<\/p>\n<\/td>\n | | \n\n \n50.1<\/p>\n<\/td>\n<\/tr>\n | \n| Cash and cash equivalents<\/td>\n | | \n\n \n68.6<\/p>\n<\/td>\n | | \n\n \n35.4<\/p>\n<\/td>\n<\/tr>\n | \n| Total assets<\/b><\/td>\n | | \n\n \u20ac1,547.7<\/b><\/p>\n<\/td>\n | | \n\n \u20ac1,248.9<\/b><\/p>\n<\/td>\n<\/tr>\n\n| Owners net investment<\/td>\n | | \n\n \n972.2<\/p>\n<\/td>\n | | \n\n \n441.6<\/p>\n<\/td>\n<\/tr>\n | \n| Total equity<\/b><\/td>\n | | \n\n \u20ac972.2<\/b><\/p>\n<\/td>\n | | \n\n \u20ac441.6<\/b><\/p>\n<\/td>\n<\/tr>\n\n| Non-current liabilities<\/b><\/td>\n | | \n | \n | \n | <\/tr>\n \n| Non-current provisions<\/td>\n | | \n\n \n4.1<\/p>\n<\/td>\n | | \n\n \n2.6<\/p>\n<\/td>\n<\/tr>\n | \n| Non-current financial liabilities<\/td>\n | | \n\n \n105.5<\/p>\n<\/td>\n | | \n\n \n469.5<\/p>\n<\/td>\n<\/tr>\n | \n| Non-current trade payables<\/td>\n | | \n\n \n12.3<\/p>\n<\/td>\n | | \n\n \n\u2013<\/p>\n<\/td>\n<\/tr>\n | \n| Other non-current liabilities<\/td>\n | | \n\n \n3.6<\/p>\n<\/td>\n | | \n\n \n11.5<\/p>\n<\/td>\n<\/tr>\n | \n| Deferred taxes<\/td>\n | | \n\n \n57.8<\/p>\n<\/td>\n | | \n\n \n37.0<\/p>\n<\/td>\n<\/tr>\n | \n| Current liabilities<\/b><\/td>\n | | \n | \n | \n | <\/tr>\n \n| Current income tax liabilities<\/td>\n | | \n\n \n0.9<\/p>\n<\/td>\n | | \n\n \n1.0<\/p>\n<\/td>\n<\/tr>\n | \n| Current provisions<\/td>\n | | \n\n \n2.7<\/p>\n<\/td>\n | | \n\n \n3.3<\/p>\n<\/td>\n<\/tr>\n | \n| Trade payables<\/td>\n | | \n\n \n153.3<\/p>\n<\/td>\n | | \n\n \n164.3<\/p>\n<\/td>\n<\/tr>\n | \n| Other current financial liabilities<\/td>\n | | \n\n \n154.9<\/p>\n<\/td>\n | | \n\n \n44.8<\/p>\n<\/td>\n<\/tr>\n | \n| Other current liabilities<\/td>\n | | \n\n \n75.0<\/p>\n<\/td>\n | | \n\n \n62.9<\/p>\n<\/td>\n<\/tr>\n | \n| Contract liabilities<\/td>\n | | \n\n \n5.5<\/p>\n<\/td>\n | | \n\n \n10.3<\/p>\n<\/td>\n<\/tr>\n | \n| Total liabilities<\/b><\/td>\n | | \n\n \u20ac575.5<\/b><\/p>\n<\/td>\n | | \n\n \u20ac807.2<\/b><\/p>\n<\/td>\n<\/tr>\n\n| Total equity and liabilities<\/b><\/td>\n | | \n\n \u20ac1,547.7<\/b><\/p>\n<\/td>\n | | \n\n \u20ac1,248.9<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n| \n Unaudited interim condensed consolidated statements of cash flows<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n (in EUR millions)<\/i><\/p>\n<\/td>\n<\/tr>\n\n | \n | \nH1<\/b><\/td>\n | | \nH1<\/b><\/td>\n<\/tr>\n\n | \n | \nFY22<\/b><\/td>\n | | \nFY23<\/b><\/td>\n<\/tr>\n\n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| NET CASH FLOW FROM OPERATING ACTIVITIES<\/i><\/b><\/td>\n | | \n | \n | \n | <\/tr>\n \n| Loss before taxes from continuing operations<\/b><\/td>\n | | \n\n (\u20ac204.4)<\/b><\/p>\n<\/td>\n | | \n\n (\u20ac183.5)<\/b><\/p>\n<\/td>\n<\/tr>\n\n| Loss before taxes from discontinued operations<\/td>\n | | \n\n \n(\u20ac5.3)<\/p>\n<\/td>\n | | \n\n \n\u20ac0.5<\/p>\n<\/td>\n<\/tr>\n | \n| Loss before taxes for the total operations<\/b><\/td>\n | | \n\n (\u20ac209.7)<\/b><\/p>\n<\/td>\n | | \n\n (\u20ac183.0)<\/b><\/p>\n<\/td>\n<\/tr>\n\n| Adjustments to reconcile losses before taxes to net cash from operating activities<\/b><\/td>\n | | \n | \n | \n | <\/tr>\n \n| Depreciation, amortization and impairment<\/td>\n | | \n\n \n\u20ac21.5<\/p>\n<\/td>\n | | \n\n \n\u20ac27.9<\/p>\n<\/td>\n<\/tr>\n | \n| (Income) loss from investments accounted for using the equity method<\/td>\n | | \n\n \n\u20ac0.6<\/p>\n<\/td>\n | | \n\n \n\u20ac0.8<\/p>\n<\/td>\n<\/tr>\n | \n| Net finance costs (income)<\/td>\n | | \n\n \n(\u20ac13.4)<\/p>\n<\/td>\n | | \n\n \n\u20ac13.4<\/p>\n<\/td>\n<\/tr>\n | \n| Equity-based compensation expense<\/td>\n | | \n\n \n\u20ac10.0<\/p>\n<\/td>\n | | \n\n \n\u20ac3.0<\/p>\n<\/td>\n<\/tr>\n | \n| Other non-cash income and expenses<\/td>\n | | \n\n \n(\u20ac1.7)<\/p>\n<\/td>\n | | \n\n \n(\u20ac1.5)<\/p>\n<\/td>\n<\/tr>\n | \n| Listing expenses (IFRS 2 service charge)<\/td>\n | | \n\n \n\u20ac121.9<\/p>\n<\/td>\n | | \n\n \n\u2013<\/p>\n<\/td>\n<\/tr>\n | \n| Change in other non-current assets<\/td>\n | | \n\n \n\u20ac3.0<\/p>\n<\/td>\n | | \n\n \n(\u20ac0.5)<\/p>\n<\/td>\n<\/tr>\n | \n| Change in other non-current liabilities<\/td>\n | | \n\n \n\u20ac5.6<\/p>\n<\/td>\n | | \n\n \n\u20ac4.8<\/p>\n<\/td>\n<\/tr>\n | \n| Change in:<\/td>\n | | \n | \n | \n | <\/tr>\n \n| Inventories<\/td>\n | | \n\n \n(\u20ac44.7)<\/p>\n<\/td>\n | | \n\n \n\u20ac39.7<\/p>\n<\/td>\n<\/tr>\n | \n| Trade receivables<\/td>\n | | \n\n \n\u20ac3.3<\/p>\n<\/td>\n | | \n\n \n(\u20ac3.2)<\/p>\n<\/td>\n<\/tr>\n | \n| Other current financial assets<\/td>\n | | \n\n \n\u20ac5.6<\/p>\n<\/td>\n | | \n\n \n\u20ac3.4<\/p>\n<\/td>\n<\/tr>\n | \n| Other current assets<\/td>\n | | \n\n \n(\u20ac5.3)<\/p>\n<\/td>\n | | \n\n \n\u20ac1.2<\/p>\n<\/td>\n<\/tr>\n | \n| Current provisions<\/td>\n | | \n\n \n(\u20ac2.2)<\/p>\n<\/td>\n | | \n\n \n\u20ac2.3<\/p>\n<\/td>\n<\/tr>\n | \n| Trade payables<\/td>\n | | \n\n \n\u20ac0.6<\/p>\n<\/td>\n | | \n\n \n(\u20ac30.6)<\/p>\n<\/td>\n<\/tr>\n | \n| Other current financial liabilities<\/td>\n | | \n\n \n\u20ac0.0<\/p>\n<\/td>\n | | \n\n \n(\u20ac1.7)<\/p>\n<\/td>\n<\/tr>\n | \n| Other current liabilities<\/td>\n | | \n\n \n(\u20ac44.3)<\/p>\n<\/td>\n | | \n\n \n(\u20ac12.7)<\/p>\n<\/td>\n<\/tr>\n | \n| Contract liabilities<\/td>\n | | \n\n \n(\u20ac0.9)<\/p>\n<\/td>\n | | \n\n \n\u20ac1.1<\/p>\n<\/td>\n<\/tr>\n | \n| Cash flow used in continuing operating activities<\/b><\/td>\n | | \n\n (\u20ac144.7)<\/b><\/p>\n<\/td>\n | | \n\n (\u20ac136.2)<\/b><\/p>\n<\/td>\n<\/tr>\n\n| Cash flow used in discontinued operating activities, net<\/td>\n | | \n\n \n(\u20ac3.3)<\/p>\n<\/td>\n | | \n\n \n\u20ac1.1<\/p>\n<\/td>\n<\/tr>\n | \n| Net cash flow used in operating activities<\/b><\/td>\n | | \n\n (\u20ac148.0)<\/b><\/p>\n<\/td>\n | | \n\n (\u20ac135.1)<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| NET CASH FLOW FROM INVESTING ACTIVITIES<\/i><\/b><\/td>\n | | \n | \n | \n | <\/tr>\n \n| Purchase of intangible assets and property, plant and equipment<\/td>\n | | \n\n \n(\u20ac20.4)<\/p>\n<\/td>\n | | \n\n \n(\u20ac16.7)<\/p>\n<\/td>\n<\/tr>\n | \n| Acquisition of subsidiaries, net of cash acquired<\/td>\n | | \n\n \n(\u20ac169.9)<\/p>\n<\/td>\n | | \n\n \n\u2013<\/p>\n<\/td>\n<\/tr>\n | \n| Cash flow used in continuing investing activities<\/b><\/td>\n | | \n\n (\u20ac190.2)<\/b><\/p>\n<\/td>\n | | \n\n (\u20ac16.7)<\/b><\/p>\n<\/td>\n<\/tr>\n\n| Cash flow used in discontinued investing activities, net<\/td>\n | | \n\n \n(\u20ac0.3)<\/p>\n<\/td>\n | | \n\n \n(\u20ac0.0)<\/p>\n<\/td>\n<\/tr>\n | \n| Net cash flow used in investing activities<\/b><\/td>\n | | \n\n (\u20ac190.6)<\/b><\/p>\n<\/td>\n | | \n\n (\u20ac16.7)<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| NET CASH FLOW FROM FINANCING ACTIVITIES<\/i><\/b><\/td>\n | | \n | \n | \n | <\/tr>\n \n| Proceeds from capital contributions<\/td>\n | | \n\n \n\u20ac402.7<\/p>\n<\/td>\n | | \n\n \n\u2013<\/p>\n<\/td>\n<\/tr>\n | \n| Proceeds from the issue of convertible loans<\/td>\n | | \n\n \n\u2013<\/p>\n<\/td>\n | | \n\n \n100.0<\/p>\n<\/td>\n<\/tr>\n | \n| Repayments of financial liabilities to related parties<\/td>\n | | \n\n \n\u2013<\/p>\n<\/td>\n | | \n\n \n(0.0)<\/p>\n<\/td>\n<\/tr>\n | \n| Proceeds from financial liabilities to related parties<\/td>\n | | \n\n \n\u2013<\/p>\n<\/td>\n | | \n\n \n62.0<\/p>\n<\/td>\n<\/tr>\n | \n| Proceeds from financial liabilities to financial institutions<\/td>\n | | \n\n \n26.1<\/p>\n<\/td>\n | | \n\n \n0.4<\/p>\n<\/td>\n<\/tr>\n | \n| Repayment of financial liabilities to financial institutions<\/td>\n | | \n\n \n(77.5)<\/p>\n<\/td>\n | | \n\n \n(0.8)<\/p>\n<\/td>\n<\/tr>\n | \n| Transaction costs related to the lisiting<\/td>\n | | \n\n \n(\u20ac10.3)<\/p>\n<\/td>\n | | \n\n \n\u2013<\/p>\n<\/td>\n<\/tr>\n | \n| Proceeds from the recapitalization<\/td>\n | | \n\n \n23.6<\/p>\n<\/td>\n | | \n\n \n\u2013<\/p>\n<\/td>\n<\/tr>\n | \n| Acquisition of NCI<\/td>\n | | \n\n \n\u2013<\/p>\n<\/td>\n | | \n\n \n(1.2)<\/p>\n<\/td>\n<\/tr>\n | \n| Repayment of other loans<\/td>\n | | \n\n \n(0.7)<\/p>\n<\/td>\n | | \n\n \n\u2013<\/p>\n<\/td>\n<\/tr>\n | \n| Payments for lease liabilities<\/td>\n | | \n\n \n(6.2)<\/p>\n<\/td>\n | | \n\n \n(8.4)<\/p>\n<\/td>\n<\/tr>\n | \n| Interest paid<\/td>\n | | \n\n \n(1.2)<\/p>\n<\/td>\n | | \n\n \n(6.9)<\/p>\n<\/td>\n<\/tr>\n | \n| Cash flow from continuing financing activities<\/b><\/td>\n | | \n\n \u20ac356.6<\/b><\/p>\n<\/td>\n | | \n\n \u20ac145.1<\/b><\/p>\n<\/td>\n<\/tr>\n\n| Cash flow used in discontinued financing activities, net<\/td>\n | | \n\n \n(\u20ac0.2)<\/p>\n<\/td>\n | | \n\n \n(\u20ac0.4)<\/p>\n<\/td>\n<\/tr>\n | \n| Net cash flow from financing activities<\/b><\/td>\n | | \n\n \u20ac356.4<\/b><\/p>\n<\/td>\n | | \n\n \u20ac144.6<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Effect of exchange rate changes on cash and cash equivalents<\/i><\/td>\n | | \n\n \n\u2013<\/p>\n<\/td>\n | | \n\n \n(0.4)<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Net increase (decrease) in cash and cash equivalents<\/i><\/td>\n | | \n\n \u20ac17.8<\/b><\/p>\n<\/td>\n | | \n\n (\u20ac7.5)<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\u00a0<\/p>\n ![\"\"](\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230628424068r1&sid=flmnd&distro=nx&lang=en\") <\/p>\n
View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230628424068\/en\/<\/a><\/span><\/p>\nSSU Investor Contact<\/b><\/p>\n \nJeremy Nelle
\n
j.nelle@signa-sportsunited.com
\n<\/a>
+1 203 546 0154<\/p>\nSSU Media Contact<\/b><\/p>\n \nJeremy Nelle
\n
j.nelle@signa-sportsunited.com
\n<\/a>
+1 203 546 0154<\/p>\nKEYWORDS:<\/b> Germany Europe<\/p>\n INDUSTRY KEYWORDS:<\/b> Other Sports General Sports Sports<\/p>\n MEDIA:<\/b><\/p>\n\n\nLogo<\/b><\/font><\/td>\n<\/tr>\n\n | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |