Post-effective amendment to a registration statement that is not immediately effective upon filing

Capital management (Tables)

v3.22.2.2
Capital management (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Text Block [Abstract]    
Summary of Covenant Ratios Are Determined Based on a Twelvemonth Running Basis The target default covenant ratios are determined based on a twelve-month running basis and are as follows:
 
Testing date of loan
covenants
  
EBITDA margin
   
EBITDA
    
Interest coverage
 
June 30, 2021
    
-15.43
    -/-€15.5 million        9.55x  
December 31, 2021
     -9.29    
-/-€12.2 million
       8.94x  
June 30, 2022
     0.59     Unconditional        9.86x  
December 31, 2022
     1.07     Unconditional        10.75x  
June 30, 2023
     1.58     Unconditional        12.00x  
December 31, 2023
     1.95     Unconditional        13.16x  
June 30, 2024
     2.29     Unconditional        14.48x  
December 31, 2024
     2.56     Unconditional        15.91x  
June 30, 2025
     2.68     Unconditional        18.37x  
December 31, 2025
     2.77     Unconditional        20.68x  
The target (drawdown stop) covenant ratios are determined based on a twelve-month running basis and are as follows:
 

Testing date of loan covenants
  
EBITDA margin
 
 
EBITDA
 
  
Interest
coverage
 
December 31, 2020
     -26.03    
-/- €18.4 million
       11.26x  
June 30, 2021
     -13.12    
-/- €13.2 million
       10.00x  
December 31, 2021
     -6.29     -/- €8.2 million        10.50x  
June 30, 2022
     1.18    
Unconditional
       11.80x  
December 31, 2022
     2.15     Unconditional        12.78x  
June 30, 2023
     3.16     Unconditional        14.19x  
December 31, 2023
     3.90     Unconditional        15.48x  
June 30, 2024
     4.57     Unconditional        17.06x  
December 31, 2024
     5.11     Unconditional        18.77x  
June 30, 2025
     5.37     Unconditional        21.60x  
December 31, 2025
     5.55     Unconditional        24.21x