SIGNA Sports United N.V. Price, Forecast, Insider, Ratings, Fundamentals & Signals

Berlin--(business wire)--following the termination of the binding, unconditional equity commitment letter by signa holding gmbh on october 16, 2023 and the lack of funds to cover the operational financing needs of the signa sports united entities resulting therefrom, tennis-point gmbh, one of the major subsidiaries of signa sports united n.v., a specialist e-commerce company with business in bike, outdoor and tennis, have filed for insolvency with the competent local court. other legal entities.

Berlin--(business wire)--signa sports united n.v. (“ssu” or the “company”), a specialist sports e-commerce company with businesses in bike, tennis and outdoor today has received a termination notice with respect to the unconditional equity commitment letter from signa holding gmbh (“signa holding”), an affiliate of the company's largest shareholder signa international sports holding gmbh (“sish”). the company has entered into a binding equity commitment letter dated june 26, 2023 with unconditi.

New york--(business wire)--the new york stock exchange (“nyse” or “exchange”) announced today that the staff of nyse regulation has determined to commence proceedings to delist the two securities enumerated below (“securities”) of signa sports united n.v. (the “company”) from the nyse. trading in the company's securities will be suspended immediately. symbol description ssu ordinary shares, nominal value €0.12 per share ssu ws public warrants, each whole warrant to purchase one ordinary shares.

Berlin--(business wire)--signa sports united n.v. (“ssu” or the “company”), a specialist sports e-commerce company with businesses in bike, tennis, outdoor, and teamsports, today announced an acceleration of its strategic realignment and performance enhancement program in light of continuing macroeconomic headwinds, oversupply in the market and the company's severe liquidity and profitability challenges. the operating environment for the company in the first nine months of fy23 and thereafter w.

Berlin--(business wire)--signa sports united n.v. (“ssu” or the “company”), a nyse-listed specialist sports e-commerce company with businesses in bike, tennis, outdoor, and teamsports, today announced the appointment of mr. anthonie anbeek to its board of directors, effective april 1, 2024. mr. anbeek, an experienced consumer products and bicycle industry executive, most recently as ceo of leading bicycle manufacturer accell group is expected to bring a wealth of leadership and strategic insigh.

I recommend a hold rating for SSU due to expected negative performance in the near term, which will likely limit stock price movements. Despite SSU's successful transformation into an online sports retail specialist, macroeconomic headwinds in Europe and intense margin pressure from competitors have negatively impacted the company. I suggest investors stay on the sidelines until there is evidence of positive recovery, despite potential long-term upside if SSU meets targets.

The European sporting goods company reported disappointing sales in the recent quarter. Active customers fell 15% year over year, reflecting a challenging economy in Europe.

Signa Sports United faces high debt and no near-term profitability, with potential need for a capital raise and shareholder dilution. The company's parent, Signa Holding, may not be able to provide further financial support due to its own financial pressures. Signa Sports United's nontransparent reporting practices make it difficult to assess the investment case.

SIGNA Sports United N.V. (NYSE:SSU ) Q4 2022 Earnings Conference Call February 7, 2023 8:30 AM ET Company Participants Alima Levy – Head-Investor Relations Stephan Zoll – Group Chief Executive Officer Alex Johnstone – Chief Financial Officer Conference Call Participants Xian Siew – BNP Paribas Randy Konik – Jefferies Ygal Arounian – Citi Operator Hello, everyone, and welcome to the SIGNA Sports United Fourth Quarter and Full Year Fiscal 2021 [ph] Financial Results Call.

SSU is a leading player with a dedicated focus as an online sports retailer. SSU has strong brand awareness in its targeted verticals.

SIGNA Sports United N.V. (NYSE:SSU ) Q3 2022 Earnings Conference Call August 16, 2022 8:30 AM ET Company Participants Alima Levy - Head of Investor Relations Stephan Zoll - Chief Executive Officer Alex Johnstone - Chief Financial Officer Conference Call Participants Xian Siew - BNP Paribas Operator Hello, and welcome to the SIGNA Sports United Third Quarter Fiscal 2022 Financial Results Call.

SIGNA Sports United N.V. (NYSE:SSU ) Q2 2022 Results Earnings Conference Call June 2, 2022 8:30 AM ET Company Participants Alima Levy - Head of Investor Relations Stephan Zoll - Chief Executive Officer Alex Johnstone - Chief Financial Officer Conference Call Participants Xian Siew - Exane BNP Paribas Randy Konik - Jefferies Operator Good morning.