The Fischer Group is an international sporting goods manufacturer and owns the companies Fischer Sports and Löffler. Up until 3 years ago, the group also held a 47.5% stake in the international aircraft manufacturer FACC (Fischer Advanced Composites Components) and owned 100% of the shares in automotive supplier FCT (Fischer Composite Technologies). The Fischer Group has approximately 2,000 employees and in 2010/11 generated consolidated revenues of EUR 190 million.
The Project (Rent-a-CRO):
In 2007 the Fischer Group slid into a crisis that threatened its very survival. Fischer and Löffler were badly affected by the lack of snow, FACC was barely able to finance the impending sales growth and, as a start-up, FCT had still not generated a positive income stream. In September 2007 Management Factory therefore took over the position of managing director in the holding and for a number of years also supplied the head of group controlling and the head of corporate accounting. Between 2007 and 2011 FACC and FCT were sold to strategic investors, strengthening the group’s equity base. At the same time, Fischer Sports' financial position was stabilised and a strict restructuring programme implemented which resulted in reduced sales and positive results.