Brödernas Defers Interest Payment Amid Financial Challenges

Brödernas Group AB has released its quarterly report for January to March 2025, revealing financial challenges impacting its operations. The report disclosed a decrease in net sales to SEK 107 million, down from SEK 112 million in the same period last year. EBITDA also dropped significantly, recording a loss of SEK 5 million compared to a profit of SEK 6 million previously.

The company is currently undergoing corporate restructuring, adding complexities to its financial situation. This has resulted in a net leverage ratio exceeding the maximum limit set by their bond terms. Consequently, Brödernas has deferred an interest payment of approximately SEK 7 million due on June 10, 2025.

The absence of a balance sheet or cash flow analysis in the report indicates an event of default under bond terms. The company's ongoing liquidity issues are the primary reason behind deferring the interest payment.