Development and successful implementation of a turnaround concept in Eastern Europe
Fast moving consumer goods, Bulgarian subsidiary of a German group of companies, with € 30 million turnover
Converted the company into a sales company
Relocated production to Romania to achieve synergies with an affiliate
Streamlined the product portfolio from an earnings point of view
Realigned marketing activities
Relocated to new, adapted premises
- The company’s sustainable results with sales of € 20 million improved within 12 months from minus € 7 million to plus € 1 million.