Insolvency risk for sparkling wine cellar: Corona meets Zurndorf company Hart!

Insolvency risk for sparkling wine cellar: Corona meets Zurndorf company Hart!

The A-Nobi Sektkellerei under the direction of Norbert Szigeti has applied for a renovation process without self-administration from the regional court in Eisenstadt. This drastic measure, which became known on Wednesday, is the result of considerable financial difficulties that the company has plagued since Corona pandemic. Despite the purchase of 200,000 bottles of sparkling wine by the state of Burgenland in 2023, which were intended to ensure liquidity, this obviously is not enough to repay the debts. Twelve employees are affected by the bankruptcy, which exacerbates the already tense Situation, such as .

The company's financial situation is critical. With liabilities of around six million euros and assets of only 1.2 million euros, the winery faces a serious challenge. According to the KSV1870, A-Nobis suffered a loss of 4.24 million euros in the 2023 financial year and the total debt totaling 11.74 million euros. Nevertheless, there is hope through an offered renovation model that provides to pay 20 percent of the debts within two years. The company's reorganization is already in full swing, which could increase the likelihood of continuation, so Kurier .

The background of bankruptcy

The relevant reasons for bankruptcy are the persistent effects of corona pandemic, which have hindered economic recovery. Szigenti, who founded the sparkling wine cellar in Zurndorf in 2020, had to find that the necessary funds to repay its investments in the new building could not be applied. Nevertheless, a current valuation report shows that there are sufficient silent reserves in fixed assets, which may open further options for saving the company.