Weapons manufacturer: Auditors warn against Heckler & Koch bankruptcy

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economy weapons manufacturers

Auditors warn against bankruptcy of Heckler & Koch

| Reading time: 2 minutes

Gerhard Hegmann

ARCHIVE - 26.01.2017, Baden-Wuerttemberg, Oberndorf: The G36 assault rifle is in an exhibition room at the weapons manufacturer Heckler & Koch. (to dpa "dispute over the assault rifle - Heckler & Koch criticized ministry") Photo: Patrick Seeger / dpa +++ dpa-Bildfunk +++ ARCHIVE - 26.01.2017, Baden-Wuerttemberg, Oberndorf: The G36 assault rifle is in an exhibition room at the weapons manufacturer Heckler & Koch. (to dpa "dispute over the assault rifle - Heckler & Koch criticized ministry") Photo: Patrick Seeger / dpa +++ dpa-Bildfunk +++

To the assault rifle G36 of the weapon manufacturer Heckler & Koch there has been much trouble in the past

Source: dpa

The weapons manufacturer has high debts. The auditors therefore see a "existence-threatening risk" – if it fails to raise enough liquidity. It's all about two options.

DThe auditors of the weapon manufacturer Heckler & Koch see the continued existence of the company in danger. According to information from WELT AM SONNTAG, the auditing firm KPMG has inserted a warning passage in its certificate under the consolidated balance sheet for 2018.

It is entitled "Significant uncertainty in connection with the continuation of business activity". Above all, the auditors point out the risk of lack of liquidity.

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The continued existence of the company is therefore dependent on the fact that this year significantly more money comes through high-yield products in the cash. If this fails, funding would need to be provided from "external sources". If this is not sufficiently possible, "there is a existence-threatening risk," they say.

The board believes in the early turnaround

The Management Board itself draws attention to this risk in the Group Report. He is convinced, however, that the turnaround will succeed. A positive development is expected this year and with a slight increase in sales a clearly improved positive operating result.

The Oberndorfer weapon manufacturer has been burdened for a long time by high debts. In 2018, Group sales increased by 21 percent to € 220.95 million. Nevertheless, the bottom line with 8.05 million euros was again a loss. The debts add up to 381.7 million euros.

As emerges from the invitation to the Annual General Meeting, the financial expert Jean-Christoph Arntz, newly elected to the Supervisory Board in 2018, surprisingly resigned. He is to be replaced by the auditor Martin Heiner Sorg of the Stuttgart law firm Binz.

(t) Hegmann-Gerhard (t) KPMG (Wirtschaftsprüfergesellschaft) (t) Wirtschaftsprüfer (t) Heckler & Koch (t) Weapons manufacturer (t) Career (t) Auditors (t) Hessen (t) Wiesbaden (t ) Heckler Koch (t) Gao (t) KPMG (Wirtschaftsprüfergesellschaft) (t) Mali (t) Bundeswehr

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