Develop and implement a cash improvement programme in the consumer electronics industry
Consumer electronics, private equity portfolio company, with € 200 million in sales
- Further developed the cash forecasts
Created short-term liquidity by concluding a supplier credit with a main supplier in the USA
Renegotiated customers’ and suppliers’ payment conditions
Created ad hoc liquidity through stock-to-cash campaigns
Achieved a sustainable improvement in earnings
- As a result of these measures, cash and cash equivalents increased from slightly over € 0 to an average of € 10 million.