LIBERO FOOTBALL FINANCE AG
Climate Impact & Sustainability Data (2021, 2023)
Reporting Period: 2021
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Pressure on offer prices increased significantly in 2021.
- Cash flow in 2021 was heavily burdened due to legal costs and payments to suppliers still outstanding from the 2019 Maafaru project.
- Defects in the Maafaru airport project on the Maldives led to legal disputes and arbitration.
- Unsatisfactory order situation at the end of 2021 due to economic conditions, with many projects being postponed.
Mitigation Strategies
- Reached an out-of-court settlement with subcontractor GKD.
- Successfully defended against a lawsuit regarding alleged commission claims.
- Maintained a risk management system to monitor and manage operational, commercial, and financial risks.
- Received a down payment for a new project.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Legal dispute regarding the acquisition of a 9.8% stake in Bridgeburg Invest S.L. (Barcelona/Bridgeburg transaction) due to non-payment by a guarantor.
- Tight liquidity situation.
Mitigation Strategies
- Filed counterclaim against Barca Produccion S.L. and its shareholders.
- Asserted claims against the guarantor under the guarantee.
- Part of the original obligation cancelled through agreement.
- Planning a capital increase in March 2025.