Atos appointed four senior executives to assist in its operational turnaround, which is required to right-size the business. The four appointments, in various
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Initial reaction is that the numbers are better than we had expected, but regardless, the capital structure is unsustainable and needs restructuring. There are rumours
Read MoreThe succinct message from your favourite debt collector today is as per our commentary: "Intrum has today been informed that
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Incremental news on the Assurimo sale was scant, but within expectations. Overall, the results are fair. We will need to do more work on why Efficity would be
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Rekeep’s Q2 results demonstrate stable revenue with a slight decline in EBITDA, primarily attributable to the domestic facility management segment and
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The Company maintains guidance that EBITDA less capital expenditure will increase for the full year 2025, primarily driven by a reduction in
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Altice International’s Q2 results were broadly mixed; however, the core Portugal segment, which is the largest, showed some signs of improvement. Leverage remains
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We commented on the Q2 results yesterday, but a brief note on the Company’s recent conference call is warranted. Management’s remarks offered
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As the dust is settling, we are most occupied with the idea that a smaller business should succeed in servicing the same interest burden that the
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Results are distorted by the sale of Brack, the NRW portfolio, write-downs and sales of development assets, but we note that despite LfL growth of
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Graanul released its Q2 results this morning, with a conference call scheduled for tomorrow at 1 pm. The initial reaction to the results is that
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Kem One bondholders held exploratory talks with law firm Paul Hastings earlier this month, exploring options in the event of a second restructuring. Q2 results remove
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AroundTown management’s comments reflect further confidence in both the property markets and specifically in the real estate funding market. This renewed
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The Q2 numbers were broadly in line with our forecast. Regarding disposals, full-year guidance from the Commercial portfolio was maintained at
Read MoreDeal is done, and the proverbial can is kicked down the road. We maintain that this deal only offers a short-term improvement in liquidity and
Read MoreAlecta, the largest investor in Heimstaden Bostad, stated that it wishes to reduce its exposure to Heimstaden Bostad by at
Read MoreIntrum have disclosed that Masih Yazdi, formerly CFO of SBB, will be joining to fulfil the same role for the freshly restructured
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