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SIGNA Sports United (NYSE:SSU) has appointed Hap Seliga as head of North American bike operations, intensifying its focus on the growing US bike market. Following its NYSE listing and acquisition of Wiggle CRC, creating the largest online bike retailer, SSU is positioned to capture new market opportunities. Seliga brings extensive experience in the cycling industry, having served in leadership roles at Competitive Cyclist and Specialized Bicycle Components. CEO Stephan Zoll emphasizes the importance of this appointment in SSU's growth strategy within the fragmented sports ecommerce sector.
SIGNA Sports United (SSU) reported a 24% increase in full-year net revenue, reaching €872 million, driven by a robust demand across its verticals. Active customers grew by 32% year-over-year, surpassing 5.1 million. Despite supply chain constraints, Q4 net revenue increased 10% to €247 million. The company faced a net loss of €46 million due to one-off public listing fees, but adjusted EBITDA surged 90% year-over-year to €28 million. SSU exceeded pro forma FY2021 revenue and adjusted EBITDA guidance, achieving €1,362 million and €73 million, respectively.
SIGNA Sports United (SSU) will announce its fourth quarter and year-end 2021 financial results on January 26, 2022, before market opening. The management will conduct a conference call at 8:30 a.m. Eastern Time to discuss these results. Interested parties can join by dialing a provided number or access the call online. SSU is a leading sports e-commerce platform, serving over 7 million active customers with a focus on specialized sports webshops.
BERLIN--(BUSINESS WIRE)--SIGNA Sports United (SSU), a leading sports e-commerce platform, will participate in the Citi AppsEconomy Virtual Conference on January 6, 2022. CEO Stephan Zoll and CFO Alex Johnstone will engage in a fireside chat at 2:00 p.m. ET. Interested viewers can access the live stream on the Company's Investor Relations website, with a recording available for one year. Management will also hold meetings with institutional investors during the conference.
SSU serves over 7 million active customers through a specialist sports commerce platform.
SIGNA Sports United (SSU) will start trading on the NYSE under the symbol SSU from December 15, 2021.
The completion of the business combination with Yucaipa Acquisition Corporation (YAC) has generated $484 million in gross proceeds. This includes trust proceeds and an upsized private placement from investors.
Additionally, SSU has finalized the acquisition of WiggleCRC, positioning itself as the largest online bike platform globally, enhancing its footprint in the sports e-commerce sector.
Yucaipa Acquisition Corporation (NYSE: YAC) and SIGNA Sports United (SSU) announced the approval of their business combination by shareholders, set to close by December 14, 2021. The deal, valued at $3.2 billion, includes the acquisition of WiggleCRC Group, a major online bike retailer. It is expected to raise at least $484 million through trust proceeds and a private investment. SSU will continue under its current leadership, and the resulting entity will trade as SIGNA Sports United N.V. on the NYSE under the symbol SSU.