DeZwarteRidder schreef op 27 augustus 2021 10:04:
OUTLOOK
Trading conditions in the third quarter of the financial
year have been more encouraging as the impact of the COVID-19 pandemic has broadly continued to reduce. While the situation remains far from normal, the progress of vaccination roll-outs, behavioural change, and the lifting of restrictions impacting on Steinhoff Group businesses in most of our major markets are having a positive effect. The operating companies continue to perform robustly and are well positioned for the continuation of this recovery. However,
significant uncertainty over the future impact of the
pandemic persists and trade is subject to this volatility. Announcing the enhanced terms of the Litigation Settlement Proposal was an important development, strengthening the appeal and demonstrating the commitment of the Group to treating all stakeholders fairly as it seeks to address its legacy issues. The Committee of Representatives is scheduled to vote on the Dutch SoP process on 3 September 2021, and the virtual section 155 creditors meetings in South Africa will be held on 6 September 2021. Successful implementation of the Litigation Settlement Proposal remains critical to the future of the Steinhoff Group, allowing us to focus exclusively on Step 3 of the
strategic plan – reducing our debt and financing costs.
At the same time, it will allow the operating companies to run and build their businesses free from any external distractions