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MAXENT_B: Q3 2024 marked by lower sales, major impairments, and urgent financial restructuring

MAXENT_B: Q3 2024 marked by lower sales, major impairments, and urgent financial restructuring

Maximum Entertainment Ab Class BNovember 27, 20245
MAXENT_B: Q3 2024 marked by lower sales, major impairments, and urgent financial restructuring

About this update from Maximum Entertainment Ab Class B

Q3 2024 saw net sales drop 32% year-over-year to €17.2M, with a -€16.3M EBIT due to a €13.2M impairment. Cash constraints led to covenant breaches and ongoing lender negotiations, while cost reductions and a strategic shift aim to restore stability.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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