Promising future business in the e-mobility sector gets into financial difficulties.
Restructuring and reorganization of an international system provider (development and production) of digitally controllable power supply and drive solutions as CFO and member of the Group's Executive Board.
Company
Company
- Turnover approx. EUR 110 million
- Employees approx. 1,200
Initial situation
As an international system provider, the company now develops and produces digitally controllable power supply and drive solutions from a single source. In addition to technologically advanced chargers, battery packs and power supply units, the product range also includes intelligent components for electric drives. All components of a modern electric drivetrain are offered: From the display, motor control and drive unit to the control software.
My approach
- Realigning the organization
- Ensuring compliance with the restructuring path (IDW 6S report)
- Implementation of the initiated and partially implemented restructuring measures
- Definition and implementation of further measures to guarantee the continued existence and future of the Group
- Implementing economic action
- Strengthening the organization for future business
- Securing financing
- Process optimization of the project business to ensure successful projects
- Introduction of a controlling system to manage the minority joint venture in India
- Definition and start of the implementation of a sustainable strategy
Successes
- Annual financial statements 2022 ensured in the consolidated Group financial statements
- Organization selectively strengthened
- Strengthening the controlling function
- Optimization of sales activities
- New creation and implementation of quotation calculation, integration of all necessary functions in the quotation process, especially from a risk management perspective
- Project controlling: Function reorganized and established as an elementary function
- Improvement of the economic situation through consistent cost discipline
- Improvement in working capital -20 %
Share on the network