EQS-Ad-hoc: SPORTTOTAL AG / Key word(s): Legal Matter
SPORTTOTAL AG releases litigation provisions of around EUR 1.8 million
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.
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08-Dec-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Am Coloneum 2|
|Phone:||+49 (0)221 7 88 77 0|
|Fax:||+49 (0)221 7 88 77 199|
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|EQS News ID:||1508743|
|End of Announcement||EQS News Service|
1508743 08-Dec-2022 CET/CEST