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Famous ski and snowboard manufacturer files for bankruptcy

In recent news, Antero GmbH, a company that was founded in 2009 with the goal of building a new ski and snowboard production facility for premium-class products in F├╝rnitz, has announced its intention to continue operations despite facing financial difficulties. The company had originally aimed to operate in the former premises of a snowboard factory from 2021 onwards, but the pandemic and its consequences caused retail sales figures to fall short, resulting in over-indebtedness.

The liabilities of the company amount to 2.274 million euros, and bankruptcy proceedings have been opened at the Klagenfurt Regional Court. Currently, there are only three employees left at Antero GmbH, but 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.

Despite these challenges, Antero GmbH intends to continue operations in order to make the best possible use of existing raw materials and to clarify whether the financial and organizational requirements for a restructuring plan application can be met. The company belongs to Apricum GmbH and reported 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.

By Editor

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