KSR's future seems to be secured

The Local Court of Krems an der Donau has dismissed the third-party administrative proceedings of KSR Group GmbH on
20 December and approved the recovery plan. Prior to this, the creditors' meeting
the restructuring measures were adopted by a large majority. This paves the way for
a restart of the Lower Austrian company based in Gedersdorf. Distribution in
core markets in Europe. More than 140 jobs can be created on the
location in Lower Austria, the number of employees
is thus stabilising at the level of the pre-Corona period. The work of Dr. Christoph Sauer as
Restructuring administrator ends with the court order. With immediate effect, the management can
make business decisions independently.

 
For KSR Group, the successful completion of the restructuring process is due to its own financial
Kraft possible, but positive talks with potential investors are currently underway.

 
"The foundation for a successful future has been laid. On the one hand, this was made possible by
the willingness of our business partners to cooperate and, on the other hand, the great
Supporting our employees. We would like to thank everyone involved for
trust and can now take the next steps full of optimism," says Michael and
Christian Kirschenhofer, Managing Director of KSR Group GmbH.

 
In order to be able to adapt more flexibly to the economic environment, KSR will:
Group GmbH. Austria, Germany, Switzerland, Italy, Greece and Belgium
will continue to be the core markets in the mobility sector, with further countries being expanded in the future.
importers. The reduction of sales markets and distribution brands creates leaner
structures and more cost efficiency. In global sales, the focus will be on the Group brands
"Malaguti" and "Brixton". In addition to "Mobility", it will also continue to focus on the "Smart
Products" as a second economic pillar.

 
On September 7, 2023, KSR Group GmbH filed an application with the Local Court of Krems an der Donau
Restructuring proceedings with third-party administration requested. The procedure allows companies to
in economically difficult times and to reduce debt. The Lower Austrian
The company specializes in mobility solutions. Group brands and trademarks are
exclusively through a close-knit dealer network.