• Sat. Mar 2nd, 2024

Facing Financial Troubles: Antero GmbH Pursues Restructuring Plan Despite Debt and Bankruptcy Proceedings

ByEditor

Feb 13, 2024
Famous ski and snowboard manufacturer files for bankruptcy

KSV1870 reports that Antero GmbH, a company founded in 2009, intends to continue operations despite facing financial difficulties. The company aimed to build a new ski and snowboard production facility for premium-class products in F├╝rnitz but was hindered by the pandemic and its consequences. The retail sales figures fell short, resulting in over-indebtedness. Bankruptcy proceedings have been opened at the Klagenfurt Regional Court over the company’s assets, with liabilities amounting to 2.274 million euros.

Originally, Antero GmbH had 15 employees, but currently there are only three. The company’s online platform offers individual snowboards, winter sports items, textiles, a community, entertainment features, and current information for fans of the board sports scene. Additionally, the company is targeted towards companies that produce individual small series for special occasions.

In an effort to make the best possible use of existing raw materials and clarify whether the financial and organizational requirements for a restructuring plan application can be met, Antero GmbH intends to continue operations. The company is owned by Apricum GmbH and incurred an accumulated loss of 854,000 euros in the 2022 financial year with negative equity of 489,000 euros. Around 600,000 euros in liabilities relate to profit participation rights.

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