Different opinions about the future of the battery cells business are said to have played a role in the departure of the CEO, who had only been with the company for a few months. Apparently, the remaining management cannot imagine playing a major role in the highly competitive battery market in the future.
With a view to the missed target of an equity ratio of at least 33%, reference is made to the HGB accounting principles, which make both the target and the current ratio appear lower. MAHLE does not report according to IFRS, so there are no R&D costs on the balance sheet, which makes the equity ratio appear lower than for companies that report according to IFRS.
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