Financial turbulence, changes in the market - many influencing factors can shake up the continued existence of a company. It is then a matter of examining measures to remedy this situation and once again form a solid basis for the future of the company.
In general, a turnaround is the organizational and financial measures used to resolve financial crises. The aim of these measures is, on the one hand, to carry out a balance sheet adjustment (e.g. a capital loss or over-indebtedness shown in the balance sheet) and, on the other hand, to restore the company's earning power on a sustainable basis.