EBITDA from Red to Green
PROJECT AT LARGE INTERNATIONAL BATHROOM EQUIPMENT PRODUCER
Challenge
- Negative EBITDA, lack of orders, troubles with profitability.
- The goal set by the group: EBITDA 0+ in 1st year, +3 mln in 2nd, otherwise the factory will be closed.
- Neither positive attitude nor „burning platform” feeling.
Solution
- Business analysis across all factory activities in order to select precisely the key areas with highest impact on EBITDA.
- Targets agreed and then set to organise the teams and build the buy-in.
- Work-out (Kaizen) and then implement the action plans in selected areas, while focusing on people’s engagement (in order to make the change lasting and pervasive).
- Consequent monitoring of execution.
- Agile adjustment of plans.
Results
- + 300 k EBITDA in 1st YEAR
- HUNGER FOR IMPROVEMENTS INCORPORATED INTO DNA IN ORDER TO KEEP THE TREND
CLIENT REVIEWS
- Uff, positive results put on hold the threat to close the factory.
- It is great to feel we are one team with common goals & understanding each other.
- I could not believe how many ideas people had in their heads. Listening and focusing moved us forward a lot.
