Mr. Oeschlmueller acted for more than 2 years as interim CFO, ensuring the continued existance of an Austrian high-tech company, which was at risk of insolvency.
The Chinese majority owner of an Austrian company with outstanding high technology
Using his technology and turnaround experience, Mr. Oeschlmueller developed a restructuring plan within the shortest possible time.
Obtained the Chinese owner’s acceptance of the financing plan and the investments required
Retained key employees in the company
Eliminated legacy burdens that posed a threat to the company (suppliers)
Informed clients about the situation and pointed to the future
Cleaned up the financial accounting in accordance with legal requirements
- The company went from impending insolvency to an operating profit of over 100,000 Euros within a year
- After 2 years of involvement, the company has very positive prospects