Loss = PLN 6.0 m
Bank loans = PLN 64.7 m
Increase in capital by PLN 27.3 m, partially Rubicon Partners own investment Partners
Interim Management, experienced professionals appointed by Rubicon Partners
Elimination of unsuccessful brands, unprofitable subsidiaries and stores ; clearance sale of inventories; significant reduction of back-office; optimization of sales-, design- and supply chain management
Debt reduced by PLN 14 m, liquidity PLN 12 m, planned 2010 EBITDA profitability at 9,4 % versus – 8,3 in 2009
Significant improvement of 2010 r., BITDA = PLN 20 m, EBITDA margin = 11,4%, net profit = PLN 6 m versus net loss – PLN 25 m in 2009 r.
Sale of Rubicon Partners’ stake in the company to a strategic investor return on the investment 180%