Role of Batteries at MAHLE

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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Dr. Oliver Everling

Independent since 1998, he is Managing Director of RATING EVIDENCE GmbH. As visiting professor of Capital University of Economics and Business in Beijing, former chairman of the supervisory board of a rating agency, advisory board member, advisor, member of rating committees, chairman of ISO-TC Rating Services, author or publisher of books and a magazine, Independent Non-Executive Director under EU Regulation on Credit Rating Agencies, he has been or is involved in ratings from a variety of perspectives. Previously, he was for 6 years department director at Dresdner Bank and, until 1993, managing director of the Projektgesellschaft Rating mbH after a doctorate at the banking and stock exchange seminar of the University of Cologne.

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