Ebusco is in a precarious financial situation, with overdue payables surpassing its liquidity, requiring immediate liquidity interventions to avoid insolvency. Reported turnover for FY 2024 was merely €10.7 million, a staggering 89% decline from the previous year's €102.4 million. A supplier's bankruptcy due to unpaid invoices exacerbates the situation, with court hearings imminent. The company has sought debt financing totaling €22 million, yet only part has been received, placing it in default under bank agreements. Ebusco's future hinges on negotiations with suppliers and banks for favorable payment terms and timely liquidity injections.
Ebusco's ability to continue operations is at risk due to overdue payables exceeding liquidity and reliance on third-party agreements for payment schedules.
The company's turnover for FY 2024 was only €10.7 million, a drastic drop of 89% compared to €102.4 million in 2023, highlighting financial distress.
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