The feared recession has not materialised, stock markets are rising, consumer restraint is more moderate than expected - and higher energy prices are being cushioned: After many negative economic headlines, there are currently positive data. The situation is surprisingly stable. But it is still fragile. This is because various macroeconomic and geopolitical factors are difficult to forecast. In addition, questions about the shortage of skilled workers and reliable energy supply remain unanswered.
Company executives are asking themselves: how to act in the face of this tense overall situation? Our „Restructuring Update“ for the first quarter of 2023 offers advice and solutions on aspects relating to turnarounds, restructuring, insolvency and distressed M&A.
Among other things, you will find articles on the following topics in the newsletter:
Focus on financing: Insights into the current lending business
The Ukraine war, high energy prices, the shortage of raw materials and collapsing supply chains, the increase in key interest rates, the current inflation or the effects of the Corona pandemic - the financing challenges for many companies are still great. Our authors explain current trends in new lending business and use data and charts to show how the conditions for loans and credit lines have changed.
Current observations from the industrial sector
Technological progress and ESG are not the only drivers of the sector - different changes are noticeable in the industries. How full are the order books at the moment? Is there a special boom? And how is the qualification of employees according to industry data? We have compiled a selection of our recent observations.
Florian Rieser
Partner, Performance & Strategy, Head of Turnaround & Restructuring
KPMG AG Wirtschaftsprüfungsgesellschaft
Generating liquidity potential through structural reorganisation
The real estate sector usually follows the real economy with a delay in some areas. But in the meantime, effects of the current crisis are also visible in the real estate market. Increased interest and ancillary costs, changing financing conditions, investment needs for ESG reasons as well as commodity and labour issues will have a significant impact on the financial scope of real estate companies and require additional, previously unplanned liquidity. We explain how to increase your own resilience during the market downturn.
Planning and financing difficulties for long-term energy infrastructure projects
Energy infrastructure projects such as the construction of wind farms or solar parks and the creation of LNG infrastructure pose special challenges for planning and financing due to their long-term planning and utilisation full stops, the associated late payback full stops and special stakeholder constellations. What is particularly important in determining capital requirements - and why is loss absorption necessary for critical infrastructure projects? You will find the answers in our article.
Download our „Restructuring Update“ - 1st Quarter 2023 now.
