Summary of TMA meeting 11 February 2015

After the crisis: growth for the turnaround

The TMA held a very successful panel discussion on 11 February 2015 on the topic of “After the crisis: growth for the turnaround”.

Fredrik Vernersson (Strategy&PwC) moderated the discussion with Roger Leijonqvist (Triton), Annika Muskantor (Interim CFO, Owner Frideborg Consulting) and Jonas Cunningham (EY).

The panel assembles (L to R, Roger Leijonqvist, Jonas Cunningham, Annika Muskantor, Fredrik Vernersson)

The panel assembles (L to R, Roger Leijonqvist, Jonas Cunningham, Annika Muskantor, Fredrik Vernersson)

 

Key discussion points
•    Do you think about rebuilding at the start of a turnaround?
•    How to find the profitable core of the business
•    If you want something you’ve never had (a stable and growing business), be prepared to dom something you’ve never done!

Roger entertains

Roger entertains

 

•    How do you assess future growth prospects?
•    When and how do you strike the hard blows that are required?
•    How important to a turnaround are the Management and personnel who are in place?

Fredrik ponders his next killer question

Fredrik ponders his next killer question

 

•    How do you deal with the existing Management and Boards?
•    How do Directors duties impact on turnarounds?
 

Annika thinks carefully about her response

Annika thinks carefully about her response

 

•    How do international and Swedish financiers differ in their views to turnarounds?
•    The trials and pitfalls of negotiating with your financiers
•    What happens if after 2 years, you are in the same position?
•    What distinguishes a case you will accept as opposed to one you won’t?
 

Jonas gets a tough one

Jonas gets a tough one

 

•    What do you need to have in place to maximise the chances of success?
•    What are the priorities when stability has been achieved?
•    What does “stability” mean?

Definitely a seminar worth attending, with some excellent takeaway points for all present.  All in all, a hugely successful event.  Our thanks to PwC for their generous support of the event and for providing light snacks and drinks after the presentation!