Lycra - call tomorrow at 2pm, results uninspiring

All,

Lycra have reported their Full year numbers to December 31st 2019, with reported adjusted EBITDA of 123m, down on lower volume and margin squeeze with lower prices.  This was lower than reported at the JPM conference in February.  Still leaves the Company 7.9x leveraged.  

We will be on the call tomorrow, but given other workload, its current trading levels (50s) and the relative opaqueness of the reporting, we will be focusing on other names.  Please call if the name is of interest.

Tomas