The Group has achieved operational stability and is receiving positive signals from its financing partners, paving the way for the sustainable safeguarding of the foundation-owned company’s future. With the successful completion of this restructuring phase, Dr Maximilian Eberl will step down as Chief Restructuring Officer (CRO) at the end of the year: "We have succeeded in stabilising the ETO GROUP financially and operationally during this vital phase. Together with the ETO team, we identified numerous measures for a profitable future and initiated their implementation. Key actions have already been carried out and will serve as the basis for a successful restructuring. I would like to thank everyone for their cooperation and wish the ETO GROUP every success in its ongoing transformation."

For the manufacturer of electromagnetic actuators, sensors and electronics, the next step will be the further execution of the planned measures. The ETO GROUP’s CFO, Hubertus Stroetmann, is optimistic in light of recent developments: "Over the past few months, we have laid a solid foundation. The first positive signals from our financing partners confirm that we are on the right track and that confidence in the ETO GROUP is returning. We can now build on this financial stability."