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Hochdorf wrote Tuesday that no decisions have been made yet, but the board’s ongoing review shows that even “competitive profitability” is not enough to take on legacy financial burdens in any plausible scenario. Measures to recapitalize the group also proved difficult to implement. The approach to potential investors will also be expanded accordingly. However, liquidity is secured for ongoing operations.
Hochdorf has a viable business model; This is said to be confirmed by the positive operational development over the last two years. Management and the Board “will work together to ensure that the business can be maintained on a sustainable financial basis and that the business can be sustained.”
Hochdorf also released the first significant unaudited data from the last fiscal year. Net sales increased compared to the previous year and EBITDA is now clearly positive, following a deficit of 10.1 million francs in the previous year. Full results will be published on March 21. (SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
