BasicNet Expects Indebtedness to Decline by Year-End
Bitget2026/10/21 14:28- BasicNet expects bank debt to decline by year-end 2026 as wholesale receivables are collected and fourth-quarter retail activity generates cash.
- Bank debt reached EUR 174.2 million at September-end, reflecting seasonal working capital needs and investment spending.
- Fourth-quarter operating cash flow is expected to turn positive, following EUR 31.6 million of outflows in the first nine months.
- Working capital absorbed over EUR 48 million, including EUR 21 million related to Woolrich.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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