The Financial Turnaround of Nordipack AS Morten Holm Merete Badger

The Financial Turnaround of Nordipack AS Morten Holm Merete Badger

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I met with Nordipack AS Morten Holm Merete Badger at a café, after a 45-minute interview. Nordipack AS is a world leader in manufacturing and trading of corrugated packaging materials such as boxes, pallets, bags and paper trays. In 2017, the company had an annual revenue of around 1.2 billion euros. In 2018, the sales decreased to around 1.05 billion euros. Nordipack’s strategy for

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Nordipack AS is a 130 years old manufacturing and trading company in Europe, selling their products in more than 80 countries across 4 continents. Nordipack AS, which is located in Norway, has a well-established and reputable position in the market. Nordipack AS has made its fortune by producing and selling a broad range of products such as paperboards, cartons, containers and bags. However, the company had experienced some challenges in the recent past due to several external and internal factors

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“Morten Holm Merete’s turnaround journey has been nothing short of extraordinary. He was one of the longest-serving managers in our company, and the company had become accustomed to his leadership. The company had been in dire straits due to the global recession, and we had tried various measures to revive it, but to no avail. The company’s financial statements were deteriorating, and the company was running a loss. see here Nordipack AS had been a subsidiary of Barking and Dagenham Borough Council

SWOT Analysis

In the early 2010s, Nordipack AS was hit hard by the global financial crisis. The company’s cash reserves were nearly depleted and they had a lot of financial debt. They were struggling to stay in business and they couldn’t afford any losses. In response to the crisis, Nordipack AS’s management had a tough decision to make — shut down, restructure or keep going with a new business model. Financial turnaround was a process that was critical for Nordipack AS to achieve profit

Financial Analysis

In the year 2015, I met Morten Holm, the CEO and Managing Director of Nordipack AS, at the board meeting of CBT Energy AS, where I was working as an Associate at K&E. We exchanged contact details and arranged to meet for coffee. That morning, I had planned to ask him questions regarding the performance of their packaging business, since the CEO, as usual, did not mention anything about the financial turnaround during our discussion. In the afternoon, I drove to Nordipack’s headquarters,

Porters Model Analysis

Nordipack AS Morten Holm Merete Badger is an example of a company which was in the dumps in the past due to several reasons. At first, it went into the red after facing financial difficulties. In 2015, the businessman and the company’s owner, Mr. Morten Holm, took the bold decision of appointing an external administrator to manage the operations. The situation worsened further in 2016, and the company faced financial ruin with its creditors threatening legal action against it. her response Morten Hol

BCG Matrix Analysis

Nordipack AS is a medium-sized manufacturer of metal packaging with a history of 60 years. In recent years the company’s revenue has declined sharply, primarily because of an economic recession, a decrease in exports, and over-production. In recent years, the company has suffered from a significant decline in revenue and profitability. The reason for this is a significant mismatch between product demand and production capacity. The problem of over-production is not isolated to Nordipack AS. In general, the