“Strong companies are built where clear decisions are consistently implemented.”
Principal, Finance Team; Site Manager, Linz
Hartwig Skala is a Principal at enomyc and plays a key role in driving the expansion of enomyc Austria from its base in Linz. He combines international consulting experience with the perspective of a restructuring manager on the banking side and possesses extensive expertise in strategic and operational restructuring. He advises medium-sized companies, owners, and financing partners throughout Austria and across borders—from strategic realignment and the development of viable solutions to the consistent implementation of measures.
Hartwig Skala advises medium-sized companies, owners, and financing partners during challenging phases of restructuring, turnaround, and transformation. His areas of expertise include developing viable restructuring and transformation strategies, strategic and operational realignment, and managing complex stakeholder and implementation processes. In doing so, he combines entrepreneurial, operational, and financial perspectives to create holistic solutions.
Before joining enomyc, he worked as a restructuring manager at Oberbank AG, where he was responsible for cross-industry cases involving companies with revenues of up to two billion euros. Prior to that, he gained international consulting experience in strategy, organizational, and transformation projects in Europe and the Middle East.
At enomyc, Hartwig Skala plays a key role in driving the expansion of enomyc Austria from its Linz-based office. He combines a strong regional presence and a robust, cross-regional network with extensive experience at the interface between companies and financing partners. He holds an MSc in Business Management as well as an MBA and is a member of the board of directors at ReTurn – TMA Austria.
Transformation & Restructuring
Together with Ufenau Capital Partners, enomyc is building a consulting platform for transformation and restructuring. Julia Hammer explains why the market is calling for it now and what changes for clients.
Transformation & Restructuring
Many Mittelstand production networks have evolved over time and no longer fit volatile markets. Christian Zeller and Max Stehr explain which level of intervention makes sense and when.
Transformation & Restructuring
A restructuring plan in accordance with IDW S 6 is more than a mandatory report for the bank. Dr. Stefan Frings and Tom Hammer explain how it creates financial security and strategic clarity.
Financial Advisory
The final publication of IDW S 16 provides, for the first time, a concrete reference framework that operationalizes the legal obligation for early crisis detection under Section 1 of the StaRUG. IDW S 16 does not create a new legal framework, but rather specifies how companies can properly fulfill the previously often abstract requirements for early crisis detection, planning, and risk management. enomyc partner and financial expert Jonas Keppler explains what the standard means in practice—and what consequences it has for business decisions .
Financial Advisory
From controlling at a renowned state bank to working in an internationally operating SME and finally to management consulting: Jonas Keppler has already sat on many chairs. What all stages have in common: his passion for numbers. Which restructuring case does he consider the most exciting of all time? How can CFOs and controllers be convinced to use AI? And with which guiding questions does he inspire medium-sized companies to think big? A conversation with Jonas Keppler – about numbers, impact, and perspective.
Transformation & Restructuring
Is this impression misleading, or are strikes becoming more common? Which industries are hardest hit? And how well prepared are medium-sized companies? “In my experience, not well at all,” reports Thomas Wahlig, specialist lawyer for labor law, “but the unions are just as bad.” This could make companies vulnerable to blackmail very suddenly. And this at a time when German SMEs are in the midst of an unprecedented wave of restructuring. Thomas Wahlig is a partner at Pusch Wahlig Workplace Law and specializes in collective bargaining and works constitution law, particularly restructuring. He says that companies planning restructuring should check their strike resistance very carefully in advance. How? With due diligence. We interviewed him.
Financial Advisory
Loan-to-own transactions are increasingly discussed in restructurings. Alexander Neumann explains their role in the German market, who benefits and what to watch out for.
Transformation & Restructuring
In recent months, many small and medium-sized enterprises (SMEs) have faced existential crises due to challenging economic conditions, the unique structural situation in Germany, and the lasting effects of the COVID-19 pandemic. The situation has been further exacerbated by sharply rising capital costs, increased risk aversion among financiers, and repayment obligations from the pandemic period. According to enomyc author Dr. Stefan Frings, these multiple crises present the perfect opportunity for decisive and consistent action. Often, it takes significant pressure before stakeholders are willing to confront harsh realities and, with careful consideration, bring an end to long-standing but unsustainable practices.
Transformation & Restructuring
Together with Ufenau Capital Partners, enomyc is building a consulting platform for transformation and restructuring. Julia Hammer explains why the market is calling for it now and what changes for clients.
Transformation & Restructuring
Many Mittelstand production networks have evolved over time and no longer fit volatile markets. Christian Zeller and Max Stehr explain which level of intervention makes sense and when.
Transformation & Restructuring
A restructuring plan in accordance with IDW S 6 is more than a mandatory report for the bank. Dr. Stefan Frings and Tom Hammer explain how it creates financial security and strategic clarity.
Financial Advisory
The final publication of IDW S 16 provides, for the first time, a concrete reference framework that operationalizes the legal obligation for early crisis detection under Section 1 of the StaRUG. IDW S 16 does not create a new legal framework, but rather specifies how companies can properly fulfill the previously often abstract requirements for early crisis detection, planning, and risk management. enomyc partner and financial expert Jonas Keppler explains what the standard means in practice—and what consequences it has for business decisions .
Financial Advisory
From controlling at a renowned state bank to working in an internationally operating SME and finally to management consulting: Jonas Keppler has already sat on many chairs. What all stages have in common: his passion for numbers. Which restructuring case does he consider the most exciting of all time? How can CFOs and controllers be convinced to use AI? And with which guiding questions does he inspire medium-sized companies to think big? A conversation with Jonas Keppler – about numbers, impact, and perspective.
Transformation & Restructuring
Is this impression misleading, or are strikes becoming more common? Which industries are hardest hit? And how well prepared are medium-sized companies? “In my experience, not well at all,” reports Thomas Wahlig, specialist lawyer for labor law, “but the unions are just as bad.” This could make companies vulnerable to blackmail very suddenly. And this at a time when German SMEs are in the midst of an unprecedented wave of restructuring. Thomas Wahlig is a partner at Pusch Wahlig Workplace Law and specializes in collective bargaining and works constitution law, particularly restructuring. He says that companies planning restructuring should check their strike resistance very carefully in advance. How? With due diligence. We interviewed him.
Financial Advisory
Loan-to-own transactions are increasingly discussed in restructurings. Alexander Neumann explains their role in the German market, who benefits and what to watch out for.
Transformation & Restructuring
In recent months, many small and medium-sized enterprises (SMEs) have faced existential crises due to challenging economic conditions, the unique structural situation in Germany, and the lasting effects of the COVID-19 pandemic. The situation has been further exacerbated by sharply rising capital costs, increased risk aversion among financiers, and repayment obligations from the pandemic period. According to enomyc author Dr. Stefan Frings, these multiple crises present the perfect opportunity for decisive and consistent action. Often, it takes significant pressure before stakeholders are willing to confront harsh realities and, with careful consideration, bring an end to long-standing but unsustainable practices.
Transformation & Restructuring
Together with Ufenau Capital Partners, enomyc is building a consulting platform for transformation and restructuring. Julia Hammer explains why the market is calling for it now and what changes for clients.
Transformation & Restructuring
Many Mittelstand production networks have evolved over time and no longer fit volatile markets. Christian Zeller and Max Stehr explain which level of intervention makes sense and when.
Transformation & Restructuring
A restructuring plan in accordance with IDW S 6 is more than a mandatory report for the bank. Dr. Stefan Frings and Tom Hammer explain how it creates financial security and strategic clarity.
Financial Advisory
The final publication of IDW S 16 provides, for the first time, a concrete reference framework that operationalizes the legal obligation for early crisis detection under Section 1 of the StaRUG. IDW S 16 does not create a new legal framework, but rather specifies how companies can properly fulfill the previously often abstract requirements for early crisis detection, planning, and risk management. enomyc partner and financial expert Jonas Keppler explains what the standard means in practice—and what consequences it has for business decisions .
Financial Advisory
From controlling at a renowned state bank to working in an internationally operating SME and finally to management consulting: Jonas Keppler has already sat on many chairs. What all stages have in common: his passion for numbers. Which restructuring case does he consider the most exciting of all time? How can CFOs and controllers be convinced to use AI? And with which guiding questions does he inspire medium-sized companies to think big? A conversation with Jonas Keppler – about numbers, impact, and perspective.
Transformation & Restructuring
Is this impression misleading, or are strikes becoming more common? Which industries are hardest hit? And how well prepared are medium-sized companies? “In my experience, not well at all,” reports Thomas Wahlig, specialist lawyer for labor law, “but the unions are just as bad.” This could make companies vulnerable to blackmail very suddenly. And this at a time when German SMEs are in the midst of an unprecedented wave of restructuring. Thomas Wahlig is a partner at Pusch Wahlig Workplace Law and specializes in collective bargaining and works constitution law, particularly restructuring. He says that companies planning restructuring should check their strike resistance very carefully in advance. How? With due diligence. We interviewed him.
Financial Advisory
Loan-to-own transactions are increasingly discussed in restructurings. Alexander Neumann explains their role in the German market, who benefits and what to watch out for.
Transformation & Restructuring
In recent months, many small and medium-sized enterprises (SMEs) have faced existential crises due to challenging economic conditions, the unique structural situation in Germany, and the lasting effects of the COVID-19 pandemic. The situation has been further exacerbated by sharply rising capital costs, increased risk aversion among financiers, and repayment obligations from the pandemic period. According to enomyc author Dr. Stefan Frings, these multiple crises present the perfect opportunity for decisive and consistent action. Often, it takes significant pressure before stakeholders are willing to confront harsh realities and, with careful consideration, bring an end to long-standing but unsustainable practices.
Transformation & Restructuring
While crises used to be exceptions, they have become a constant state due to the pandemic and wars. The business world is not exempt, with many companies currently facing turmoil. Martin Hammer, founder and managing partner of enomyc, has witnessed over a thousand companies in crisis and has successfully led many out of trouble. Here, he discusses the causes, symptoms, and the Tarragona Strategy, a proven concept in both medicine and business.
Transformation & Restructuring
The StaRUG x Leoni AG case is making history in corporate restructuring. Specifically, it represents a paradigm shift. According to the summary of the restructuring plan, the expected return for the shareholders affected by the plan in the next best alternative scenario was 0%. This has never happened before. How has this case affected restructuring practices since then? Who are the winners and losers? And what opportunities or risks does StaRUG hold for LLCs? Ralf Ehret, Partner and Head of Debt Advisory, provides insights.
Financial Advisory
One in four insolvencies is due to late payments. Especially in business trans-actions between large debtors and small creditors, long payment terms re-peatedly lead to problems. As a result, particularly SMEs, which rely on pre-dictable cash flows, are forced to delay payments to their own suppliers, incur higher financing costs, and have less room for investments. With a directive aimed at combating late payments in commercial transactions, the European Commission intends to ensure more fairness. Moreover, it aims to enhance the competitiveness and resilience of small and medium-sized enterprises. While this sounds promising, it also has its drawbacks, according to experts Marc Fahrig and Ralf Ehret, who outline what businesses should now prepare for.
Financial Advisory
During a corporate crisis, many things change, including the relationship between the company and its financiers. Internal regulatory requirements lead to changes vis-à-vis lenders' engagement strategies and new contacts. Communication requirements also increase in many respects. Those who fail to recognise this risk a communicative downward spiral and thus potential existential consequences. Why is correct crisis communication so crucial for a successful restructuring? And how does it work exactly? Ralf Ehret, enomyc Partner and Head of Debt Advisory, looks at five typical pitfalls of communication with financing partners - and how you can avoid them.
Transformation & Restructuring
Dass sich die Krise erst jetzt, knapp drei Jahre nach Ausbruch der Pandemie, in Bilanz, GuV und Cashflow der Unternehmen bemerkbar macht, ist auch auf die nach wie vor gestörten Lieferketten zurückzuführen. Materialknappheit und fehlende oder immer teurere Transportkapazitäten vor allem aus Asien beeinträchtigen den Zufluss von Produkten und Teilen. Um in dieser Situation eine verlässliche Warenversorgung sicherzustellen, haben viele Unternehmen große Sicherheitsbestände aufgebaut. Auch das bindet ordentlich Liquidität.
Financial Advisory
Raw materials, labor, energy, transportation: everything is becoming ever more expensive. But that's not all: the rising costs of important input factors are endangering the profitability of companies. With our interactive inflation calculator, you can quickly find out just how much price increases are impacting your company's earnings and how price increases to your own customers can provide relief.
The current crisis not only has a major impact on the liquidity of companies: It also affects their payment morale. The focus is on existing contracts - as well as on future business relationships. What options do entrepreneurs have in the event of their business partners going bankrupt? Which contractual clauses are important for existing and future business relationships? We asked Reiner Winkelbauer, business mathematician, experienced managing director and CFO in the aerospace and pharmaceutical industries. He has been advising companies as a partner at enomyc for about five years. What recommendations does he have for entrepreneurs? How can they protect their company in the current situation?
Transformation & Restructuring
The faces and stories of our consultants are many and varied. Hardly anyone’s career path that led them to enomyc is like another. We interviewed two of them: Industrial engineer and senior consultant – at 26 years old, Felix Dosch has lived in Australia, worked in the USA, and studied in Taiwan. And 55-year-old Reiner Winkelbauer, business mathematician and partner, completed his master of science in 1990 in Syracuse, New York, before assuming responsibility for 600 employees and 70 million euros in sales as a CFO and managing director for many years. Learn more The most important lessons: advice they didn’t take and insights they want to share with prospective talents.
