Tue 03/14/2023 12:45 PM
Hilding Anders’ core European and Asian business got off to a decent start in January with both top and bottom line meeting budget. The Sweden-based mattress producer is targeting 12% EBITDA growth in 2023, and expects to delever to 6.1x by year-end. It is budgeting another 21% EBITDA drop for its Russian joint venture Askona but expects the business to breakeven in terms of free cash flow in 2023, sources said.
The KKR-owned group’s core European and Asian business generated €49.1 million...
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