CASE HISTORY 4
A SUCCESSFUL TURNAROUND
by Federico Ferrarini
Successfully managing a turnaround is not only to bring a company from heavy losses to profit, but it is also the ability to lay the groundwork for sustainable business results over time and a text-book case is Uteco Converting S.p.A. In three years, the company went from a loss of 7 million to a net profit of 1.6 million and from 40 million turnover to 60 million. The intervention was directed by Federico Ferrarini as CEO was also characterized by the fact that the same management team was created that still successfully leads the company today. Read the newspaper article