The Client:
The Mayr-Melnhof Holz Group is a leading European group in the wood processing industry (sawing, processing) with plants in Austria, Germany, the Czech Republic and Russia. With 1,700 employees, the group achieves a turnover of around € 600 million.
The Project:
The economic downturn in combination with rising raw material prices as well as leveraged growth necessitated a comprehensive restructuring of the group. Management Factory took over the CFO function immediately after the conclusion of the restructuring agreement and was instrumental in the successful implementation and expansion of the optimization program in 2013-2017.
Highlights:
- Establishment of a strong basis of trust with all key financing partners in a short period of time
- Rapid return to profitability, increasing results every year
- Awarded “Interim Manager of the Year” in 2017