Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Capital management (Tables)

v3.22.1
Capital management (Tables)
12 Months Ended
Dec. 31, 2021
Text Block [Abstract]  
Summary of Covenant Ratios Are Determined Based on a Twelvemonth Running Basis
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