STOCKDORF / LONDON (IT BOLTWISE) – Webasto, a leading provider of roofing systems and heating solutions, has unveiled a comprehensive turnaround plan to secure its financial stability. Given the challenges in the automotive industry, the company plans to reduce its debt and realign its business strategy. The owner families have agreed to a temporary trust solution to ensure the implementation of the renovation measures.
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Webasto, a long-established company in the automotive supply industry, is facing a significant restructuring to secure its future. Faced with the challenges of declining sales and high debt, the company has developed a comprehensive restructuring plan. This plan envisages extending existing credit lines and raising additional capital to secure the financial basis until 2028.
The owner families have agreed to a trust solution in which their shares will be temporarily transferred to restructuring experts. This measure is intended to ensure that agreements with creditors are adhered to and debts are reduced. Control of the company will therefore remain in the hands of the restructuring experts until 2028, while the families will remain economically involved.
In parallel to the financial restructuring, Webasto is planning a massive restructuring of its business structure. Locations in China, the USA and Mexico have already been closed, and numerous job cuts are planned in Germany. The aim is to make the company leaner and more cost-efficient in order to focus on profitable business areas.
The challenges that Webasto faces are symptomatic of the entire automotive supply industry. The switch to electromobility, increasing cost pressure and geopolitical uncertainties are putting pressure on the industry. Experts warn of a massive wave of restructuring that many companies will not survive. Only through consistent restructuring can companies assert themselves in the long term.
The restructuring plan offers a second chance for Webasto. The financial basis has been laid and structural reforms are underway. However, success depends on whether management can implement the transformation operationally. The company aims to be profitable again and finance itself from its own resources by the end of 2028. It remains unclear whether the owner families will then return or the company will be sold.
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