Global Strategy > Case History > Restructuring > Woodworking and railway armament
Restructuring

Woodworking and railway armament

Business Area
Restructuring
  • 4th generation multi-business Group with a strong international imprinting, began in the ‘60s with the opening of a manufacturing plant in France
  • The Group operates in 2 main business areas: wooden floors and railway equipment. In recent years, it has also undertaken a path of differentiation in the industrial vehicles market
  • Precisely the vicissitudes of the industrial vehicles’ division had a negative impact on the financial and capital soundness of the whole Group, that has started a debt restructuring path and, a few years ago, has signed a Restructuring Agreement with the Banks

Objectives

  • Chief Restructuring Officer Team (CRO) activity
  • Evaluation on the adequacy and coherence of deliberation proposals to be submitted to the Board of Directors about financial or capital subjects

Our Work

  • Monitoring of the implementation of the Industrial Plan through the control of the compliance with the action plan defined for the Financial Manoeuvre pursuant to art. 67 L.F.
  • Analysis of the documentation about the current and prospective financial situation of the Companies included in the Plan, verification of the achievement of the relevant objectives and compliance with the financial covenants defined in the Agreement
  • Sharing of the operational control framework and preparation of periodic reports on the Group’s performance and compliance with the Plan

Key financials

(euro mln; #)
Key FinancialsYear
x-3		Year
x-2		Year
x-1		Year
x		Year
x+1
Operating Revenues122143159149165
Ebitda1622262737
NFP9683789264
# Employees~550~600~650~700~650
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