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EQS-Adhoc: SPORTTOTAL AG releases litigation provisions of around EUR 1.8 million

eqs_en 
0 0 08.12.22
EQS-Adhoc: SPORTTOTAL AG releases litigation provisions of around EUR 1.8 million
 

EQS-Ad-hoc: SPORTTOTAL AG / Key word(s): Legal Matter
SPORTTOTAL AG releases litigation provisions of around EUR 1.8 million

08-Dec-2022 / 16:57 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

SPORTTOTAL AG releases litigation provisions of around EUR 1.8 million

  • SPORTTOTAL AG has reached a mutual agreement on a settlement in the context of a legal dispute with a former business partner.
  • Provisions of around EUR 1.8 million will be released with effect on earnings in the current financial year

Cologne, December 8, 2022. SPORTTOTAL AG (“Company”) has reached a settlement in a legal dispute with a former business partner. The Company today took receipt of the relevant court ruling. The Company is therefore in a position to release provisions of around EUR 1.8 million set up for this lawsuit in 2019. An unscheduled effect on earnings will therefore be achieved in the total amount of the provisions released. The parties have otherwise agreed to keep the content of the settlement confidential.

 

SPORTTOTAL AG

Am Coloneum 2
50829 Cologne
Germany

www.sporttotal.com

Phone: +49 (0)221_7 88 77_ 0
[email protected]

 

08-Dec-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Language: English
Company: SPORTTOTAL AG
Am Coloneum 2
50829 Köln
Germany
Phone: +49 (0)221 7 88 77 0
Fax: +49 (0)221 7 88 77 199
E-mail: [email protected]
Internet: www.sporttotal.com
ISIN: DE000A1EMG56
WKN: A1EMG5
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 1508743

 
End of Announcement EQS News Service

1508743  08-Dec-2022 CET/CEST

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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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