COIL : UPDATE ON THE REVIEW OF INTERIM FINANCIAL STATEMENTS

Core Viewpoint - The company COIL is facing significant financial challenges, including recurring losses and liquidity pressures, prompting auditors to request additional information regarding the going concern assumption [2][3]. Financial Situation - COIL has recorded significant losses in recent years due to stagnating turnover and high fixed costs [2]. - The company generated a business volume of €24.1 million in 2024, indicating a need for improved financial performance [6]. Measures Taken - The company is actively implementing measures to strengthen its financial position, which may include a possible capital increase, asset disposals, and debt restructuring [3]. - COIL is committed to providing the requested information to auditors within the appropriate timeframe [3]. Operational Impact - Currently, the situation has no impact on the company's ongoing operations [3]. Company Overview - COIL is the world's leading anodiser in the building and industrial sectors, operating under the ALOXIDE brand name [4]. - The anodising process enhances aluminium's properties, making it suitable for various industries, including architecture, design, manufacturing, and automotive [5].