Trenkwalder-Group

The Client:
Human resources provider Trenkwalder operates in 20 countries and is the market leader in Austria, Hungary, Slovakia and Romania. With some 65,000 employees it generates an annual turnover of approximately EUR 1.0 billion.

The Project
(Rent-a-CRO):
The economic downturn in the fourth quarter of 2008 following a period of strong (in)organic growth presented the entire industry and thus the Trenkwalder Group with significant challenges both in the market and in terms of finance. By providing an interim CFO at the management holding company and strengthening the Controlling department, Management Factory was able to make a significant contribution to stabilising the financial situation. Management Factory assisted with the sale of the company to the Droege Group.

Highlights:

  • Business crisis overcome 
  • Restructuring of commercial management, development of a group accounting system
  • Sale of the company successfully completed 
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