Ratings agencies have weighed in on AS’ debt and performance outlook following last week’s IPO, with S&P giving a BB issuer credit rating to the company, a BB rating to both its proposed $600 million senior secured term loan B and €600 million senior secured Term Loan B (both due in 2031), with a stable outlook.

Net income dropped 47% in the fiscal third quarter ended Dec. 31 to ¥2,672 million ($18.1 mm) from ¥5,040 million, despite 4% higher revenues of ¥30,115 million ($203.8 mm) against ¥28,889 million.

The Italian teamwear brand’s revenues increased 15% to €196 million in 2023, driven by excellent performance in its three main markets, including the UK, Italy, and Spain.

The Chinese sportswear brand said that it expects net income attributable to shareholders to increase by approximately 25% to about RMB 933,895,000 ($129.1 mm) against RMB 747,117,000 last year, it revealed in a release.

The parent of Solo Stoves, Chubbies and other brands has appointed Laura Coffey as CFO and named Michael McGoohan to the newly created position of chief growth officer and EVP.

The Dutch bikemaker plans to consolidate its two manufacturing plants in Heerenveen and transfer part of its current production to its other European production sites, as part of a plan to simplify its supply chain and reduce total capacity.