Ski and Snowboard Equipment Producer Antero GmbH Opens Bankruptcy Proceedings in Austria: Uncertain Future Ahead for Company and Industry

Famous ski and snowboard manufacturer files for bankruptcy

Antero GmbH, founded in 2009 with the aim of producing premium-class ski and snowboard equipment in Fürnitz, has recently opened bankruptcy proceedings at the Klagenfurt Regional Court. The company’s assets amount to 2.274 million euros, and its liabilities are around 600,000 euros. The pandemic has caused a decline in retail sales figures, leading to over-indebtedness.

Despite the financial difficulties faced by Antero GmbH, the debtor intends to continue operations in order to make the best use of existing raw materials and determine whether it is possible to create a restructuring plan application that meets financial and organizational requirements. The company currently employs only three individuals and operates an online platform offering individual snowboards, winter sports items, textiles, entertainment features, and current information for board sports enthusiasts. Additionally, Antero GmbH offers specialized services for companies that produce individual small series for special occasions.

The company belongs to Apricum GmbH and recorded an accumulated loss of 854,000 euros in the 2022 financial year with a negative equity of 489,000 euros. It is important for Antero GmbH to continue operations to clarify its financial situation and explore potential solutions for restructuring or liquidation. The outcome of these proceedings will have significant implications not only for Antero GmbH but also for other businesses in the board sports industry that rely on its products or services.

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