Debtwire and Ropes & Gray, a global law firm, are pleased to present Coworking: A real estate revolution? The report, based on a survey of 100 senior executives from across the real estate sector, examines how coworking is disrupting the industry in the United States and Europe. Over the past 15 years, coworking has snowballed into a global phenomenon, disrupting traditional occupational office markets and changing the underwriting analysis performed by lenders, operators and capital partners in office and mixed-use assets. What does.
Kloeckner Pentaplast (KP), the German packaging manufacturer, reported lower-than-expected FY18 EBITDA and a sequential decline from FY17 (unaudited), as a result of higher raw materials prices, FX impact, restructuring costs and a shift to PET/rPET from higher-margin PVC. Free cash flow (FCF) was negative for FY18, just as it was for FY17. Revenue, gross profit and EBITDA margins were all weaker year-on-year (YoY). On its FY18 results call, management said it expects double-digit EBITDA growth in FY19 and positive FCF; however, the company has historically.
The retail sector is dominating the bankruptcy and restructuring market. With high-profile filings like Sears, Payless, Toys R Us, Claire’s and David’s Bridal, it’s clear that the “Amazon effect” tidal wave is far from breaking. Don’t just track the first day, but follow a case all day, every day with Debtwire.