This is a Thunderbird Case Study. Primo Benzina AG was a trade chain of petrol stations contributing petrol, snacks, restaurant meals, along with high-quality service in central Europe. The firm's rapid growth in earnings was accompanied by falling profitability. Dresdner Bank hesitantly increased the maximum amount available to the company from €10 million to €12 million. In early 2010, the firm's chief financial officer, Annegret Heuermann, and Otto Schroder, Chief Executive Officer, completed a review of the financial situation of the firm. The executives of the company were uncertain whether the new credit limit would permit the firm to execute its growth strategy, since the firm had a small amount of cash available to finance additional outlays for working capital and capital expenditures.
Primo Benzina AG Case Study Solution
PUBLICATION DATE: September 24, 2009 PRODUCT #: TB0013-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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