Citigroup downgraded SIGNA Sports United from Neutral to Sell and set a new price target of $1.90 from $3.90 previously

Jefferies downgraded SIGNA Sports United from Buy to Hold and set a new price target of $4.00 from $8.00 previously

Citigroup initiated coverage of SIGNA Sports United with a rating of Neutral and set a new price target of $6.20

Jefferies initiated coverage of SIGNA Sports United with a rating of Buy and set a new price target of $11.00

Tennis-Point GmbH, one of the major subsidiaries of SIGNA Sports United N.V, has filed for insolvency Other legal entities of the SIGNA Sports Group, including SIGNA Sports United N.V. as ultimate parent company of the SIGNA Sports United Group, are in the course of preparing the initiation of insolvency proceedings in the coming days 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 w

SIGNA Holding today informed SSU of the termination of the unconditional EUR150 million Equity Commitment Letter The availability of funds under the unconditional Equity Commitment Letter from SIGNA Holding GmbH constituted the basis of Management's going concern and liquidity assumptions and thus the Company will evaluate appropriate measures The Company believes the termination of the unconditional Equity Commitment Letter by SIGNA Holding GmbH is unjustified The Company will take appropriate legal steps in the interests of all its shareholders creditors, and employees SIGNA Sports United N.V. ("SSU" or the "Company"), a specialist sports e-commerce company with businesses in

Subdued demand and market overstock continue to severely adversely impact the Company's financial results and liquidity Key restructuring measures include the termination or winding down of non-performing assets, the rightsizing of under-performing business units as well as the evaluation of disposals of non-core assets In connection with the strategic realignment the Company will delist its shares from the NYSE and terminate its SEC reporting requirements The role of the current CEO of Internetstores, Torsten Waack van Wasen, will be expanded to join the management team as Chief Performance Officer (CPO) of the Group. SIGNA Sports United N.V. ("SSU" or the "Company"), a specia

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 insights to support SSU's growth strategy. During his successful tenure at Accell Group, Mr. Anbeek navigated the company through a critical phase of growth transforming Accell Group into Europe's market leader in e-bikes. In a

Strategic realignment and cost initiatives of up to €100 million implemented H1 FY23 net revenue of €441 million, YoY reported change of -2% Subdued demand and market overstock weighing on financial results and liquidity Active Customers of 6.1 million, representing a decrease of (-15)% YoY Net Revenue of €441 million in H1 FY23 down (-2)% YoY, Q2 FY23 Net revenue decreased (-23)% YoY Gross profit of €117 million in H1 FY23 and €44 million in Q2 FY23 Adj. EBITDA decreased to (€97) million in H1 FY23 and (€59) million in Q2 FY23 Secured €150 million commitment from major indirect shareholder to fund the operations of the business into FY25 SIGNA Sports United N.V. ("SSU" or

SIGNA Sports United ("SSU" or the "Company"), a global specialist sports e-commerce company listed on the New York Stock Exchange, today announced that the Company's second quarter fiscal 2023 financial results will be released before the markets open on Wednesday June 28, 2023. SSU's management will host a conference call on June 28, 2023 at 8:30 a.m. Eastern Time to discuss the results. Interested parties will be able to access the conference call by dialing 1-855-9796-654 (in the United States) or +1- 646-664-1960 (outside of the United States), along with access code 424915. The conference call will be simulcast and archived on SSU's website at https://investor.signa-sportsunited.

Q1 FY23 net revenue of €246 million, YoY growth of +27%1 Overstocked market impacting Q1 FY23 gross margin, as expected Continued focus on strategic realignment assessment and cost reduction measures Active customers of 6.3 million, representing an increase of +26% YoY Net revenue up +27% to €246 million in Q1 FY23 Gross profit at €73 million in Q1 FY23 SIGNA Sports United N.V. ("SSU" or the "Company"), a NYSE-listed specialist sports e-commerce company with businesses in bike, tennis, outdoor, and team sports, today issued a trading update for the first quarter of fiscal year 2023 ended December 31, 2022. Q1 FY23 includes full contribution of businesses acquired in FY22, WiggleCR

SIGNA Sports United N.V. (NYSE:SSU) ("SSU" or the "Company") announces the filing of its annual report on Form 20-F for the fiscal year ended September 30, 2022 with the U.S. Securities and Exchange Commission (the "SEC"). The annual report on Form 20-F can be accessed on the Investor Relations section of the Company's website https://investor.signa-sportsunited.com or on the SEC's website at www.sec.gov. Shareholders and owners and holders of the Company's warrants may request a hard copy of the Company's annual report on Form 20-F containing the audited consolidated financial statements, free of charge, by contacting the Company at Kantstraße 164, Upper West, 10623 Berlin, Germany. Abou

FY22 net revenue of €1,063 million, YoY growth of +31%1 Challenging market situation impacting FY22 profitability Strategic realignment assessment and cost reduction measures underway FY22 includes three quarters of full contribution of businesses acquired in-period (WiggleCRC and Tennis Express) Active customers of 6.7 million, representing an increase of +39% YoY Net revenue up +28% to €300 million in Q4 FY22 and +31% to €1,063 million in FY22 YoY; pro forma2 FY22 revenue of €1,199 million Gross profit increased YoY by +8% to €95 million in Q4 FY22 and +18% to €369 million in FY22 Adj. EBITDA at (€29) million in Q4 FY22 and (€66) million in FY22 Net loss at (€566) million for

Signa Sports United N.V. ("SSU" or the "company"), a NYSE-listed specialist sports e-commerce company with businesses in bike, tennis, outdoor and team sports, today announced that the company's fourth quarter and full-year fiscal 2022 financial results will be released before the markets open on Tuesday, February 7, 2023. SSU's management will host a conference call on February 7, 2023 at 8:30 a.m. Eastern Time to discuss the results. Interested parties will be able to access the conference call by dialing 1-855-9796-654 (in the United States) or +1-646-664-1960 (outside of the United States), along with access code 136438. The conference call will be simulcast and archived on SSU's websi

SC 13D/A - SIGNA Sports United N.V. (0001869858) (Subject)

SC 13D/A - SIGNA Sports United N.V. (0001869858) (Subject)

SC 13D/A - SIGNA Sports United N.V. (0001869858) (Subject)

SC 13D/A - SIGNA Sports United N.V. (0001869858) (Subject)

SC 13G/A - SIGNA Sports United N.V. (0001869858) (Subject)

SC 13G - SIGNA Sports United N.V. (0001869858) (Subject)

SC 13D - SIGNA Sports United N.V. (0001869858) (Subject)

SC 13D - SIGNA Sports United N.V. (0001869858) (Subject)

Strategic realignment and cost initiatives of up to €100 million implemented H1 FY23 net revenue of €441 million, YoY reported change of -2% Subdued demand and market overstock weighing on financial results and liquidity Active Customers of 6.1 million, representing a decrease of (-15)% YoY Net Revenue of €441 million in H1 FY23 down (-2)% YoY, Q2 FY23 Net revenue decreased (-23)% YoY Gross profit of €117 million in H1 FY23 and €44 million in Q2 FY23 Adj. EBITDA decreased to (€97) million in H1 FY23 and (€59) million in Q2 FY23 Secured €150 million commitment from major indirect shareholder to fund the operations of the business into FY25 SIGNA Sports United N.V. ("SSU" or

SIGNA Sports United ("SSU" or the "Company"), a global specialist sports e-commerce company listed on the New York Stock Exchange, today announced that the Company's second quarter fiscal 2023 financial results will be released before the markets open on Wednesday June 28, 2023. SSU's management will host a conference call on June 28, 2023 at 8:30 a.m. Eastern Time to discuss the results. Interested parties will be able to access the conference call by dialing 1-855-9796-654 (in the United States) or +1- 646-664-1960 (outside of the United States), along with access code 424915. The conference call will be simulcast and archived on SSU's website at https://investor.signa-sportsunited.

Q1 FY23 net revenue of €246 million, YoY growth of +27%1 Overstocked market impacting Q1 FY23 gross margin, as expected Continued focus on strategic realignment assessment and cost reduction measures Active customers of 6.3 million, representing an increase of +26% YoY Net revenue up +27% to €246 million in Q1 FY23 Gross profit at €73 million in Q1 FY23 SIGNA Sports United N.V. ("SSU" or the "Company"), a NYSE-listed specialist sports e-commerce company with businesses in bike, tennis, outdoor, and team sports, today issued a trading update for the first quarter of fiscal year 2023 ended December 31, 2022. Q1 FY23 includes full contribution of businesses acquired in FY22, WiggleCR

FY22 net revenue of €1,063 million, YoY growth of +31%1 Challenging market situation impacting FY22 profitability Strategic realignment assessment and cost reduction measures underway FY22 includes three quarters of full contribution of businesses acquired in-period (WiggleCRC and Tennis Express) Active customers of 6.7 million, representing an increase of +39% YoY Net revenue up +28% to €300 million in Q4 FY22 and +31% to €1,063 million in FY22 YoY; pro forma2 FY22 revenue of €1,199 million Gross profit increased YoY by +8% to €95 million in Q4 FY22 and +18% to €369 million in FY22 Adj. EBITDA at (€29) million in Q4 FY22 and (€66) million in FY22 Net loss at (€566) million for

Signa Sports United N.V. ("SSU" or the "company"), a NYSE-listed specialist sports e-commerce company with businesses in bike, tennis, outdoor and team sports, today announced that the company's fourth quarter and full-year fiscal 2022 financial results will be released before the markets open on Tuesday, February 7, 2023. SSU's management will host a conference call on February 7, 2023 at 8:30 a.m. Eastern Time to discuss the results. Interested parties will be able to access the conference call by dialing 1-855-9796-654 (in the United States) or +1-646-664-1960 (outside of the United States), along with access code 136438. The conference call will be simulcast and archived on SSU's websi

Q3 FY22 net revenue of €324 million, YoY growth of +29% Adapting to the challenging environment to deliver long-term profitable growth Q3 FY22 includes full contribution of recently acquired businesses WiggleCRC and Tennis Express Active customers of 7.0 million, representing an increase of +42% YoY Net revenue up +29% YoY to €324 million in Q3 FY22 and +29% YoY to €806 million for 9M FY22 Gross profit increased +13% YoY to €115 million in Q3 FY22 and +19% YoY to €292 million for 9M FY22 Adj. EBITDA down to (€13) million in Q3 FY22 and (€42) million for 9M FY22 Net loss at (€52) million in Q3 FY22 and (€254) million for 9M FY22, with 9M FY22 being mostly impacted by one-off acco

SIGNA Sports United ("SSU" or the "Company"), a NYSE listed specialist online sports retail company with businesses and brands in bike, tennis, outdoor and team sports, today announced that the Company's third quarter fiscal 2022 financial results will be released before the markets open on Tuesday August 16, 2022. SSU's management will host a conference call on August 16, 2022 at 8:30 a.m. Eastern Time to discuss the results. Interested parties will be able to access the conference call by dialing 1-855-9796-654 (in the United States) or +1-646-664-1960 (outside of the United States), along with access code 837143. The conference call will be simulcast and archived on SSU's website at htt

Q2 FY22 net revenue of €269 million, YoY growth of +48% Focus on delivering on strategic priorities in a challenging environment First fiscal quarter of full contribution of recently acquired businesses (WiggleCRC, Tennis Express) Active customers of 7.4 million, representing an increase of +62% YoY Net revenue grew +48% YoY to €269 million in Q2 FY22 and +29% YoY to €481 million in H1 FY22 Gross profit increased +37% YoY to €98 million in Q2 FY22 and +23% YoY to €177 million in H1 FY22 Adj. EBITDA fell to (€17) million in Q2 FY22 and (€29) million in H1 FY22 Net loss was down to (€37) million in Q2 FY22 and (€202) million in H1 FY22, H1 FY22 being largely impacted by one-off a

SIGNA Sports United ("SSU" or the "Company"), a specialist online sports retail company with a focus on bike, tennis, outdoor and team sports, today announced that the Company's second quarter fiscal 2022 financial results will be released before the markets open on Thursday 2 June 2022. SSU's management will host a conference call on 2 June 2022 at 8:30 a.m. Eastern Time to discuss the results. Interested parties will be able to access the conference call by dialing 1-855-979-6654 (in the United States) or +1-646-664-1960 (outside of the United States), along with access code 863490. The conference call will be simulcast and archived on SSU's website at https://investor.signa-sportsunited

Net revenue growth despite supply constraints; Q1 FY22 net revenue of €213 million, growth of 11% over FY21 and 60% compared to FY20 Began trading on the New York Stock Exchange on December 15, 2021 and closed the acquisitions of WiggleCRC and Tennis Express in December 2021 Active customers exceeded 7.4 million, pro forma for newly closed acquisitions, representing an increase of 76% YoY Net revenue grew 11% YoY to €213 million in Q1 FY22 and 17% for LTM FY22 to €892 million, despite supply constraints in full-bike category Excluding full-bike sales, net revenue grew 15% and 24% YoY for Q1 and full year LTM Q1 FY22, respectively Top-line resilience evidenced by two-year net reven

Subdued demand and market overstock continue to severely adversely impact the Company's financial results and liquidity Key restructuring measures include the termination or winding down of non-performing assets, the rightsizing of under-performing business units as well as the evaluation of disposals of non-core assets In connection with the strategic realignment the Company will delist its shares from the NYSE and terminate its SEC reporting requirements The role of the current CEO of Internetstores, Torsten Waack van Wasen, will be expanded to join the management team as Chief Performance Officer (CPO) of the Group. SIGNA Sports United N.V. ("SSU" or the "Company"), a specia

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 insights to support SSU's growth strategy. During his successful tenure at Accell Group, Mr. Anbeek navigated the company through a critical phase of growth transforming Accell Group into Europe's market leader in e-bikes. In a

SIGNA Sports United, the world's leading e-commerce and technology platform, today announced the appointment of Hap Seliga, a renowned founder, executive and advisor in the cycling industry, as head of its North American bike operations, as the firm pivots to growth in the US bike market. SIGNA Sports United's recent listing on the NYSE and acquisition of Wiggle CRC, creating the largest online bike retailer in the world, positions the firm well to take advantage of US market opportunities as the sports ecommerce industry experiences explosive growth. Seliga has enjoyed a long and impressive history as a leader in the cycling community in the United States achieved largely through a diffe