ALTUR SLATINA

Altur designs and manufactures aluminum pistons and cast components for automotive and industrial applications, including city vehicles, off-road equipment, tractors, agricultural machinery, commercial vehicles, and electro-technical systems [Company Overview]. The company operates foundry and machining facilities producing gravity-cast parts, pressure castings, and finished aluminum components for domestic and international customers [Company Overview].

Altur S.A. is a Romanian manufacturer of automotive pistons and aluminum castings based in Slatina, serving the automotive and industrial equipment sectors [Company Overview]. The company is in severe financial distress: revenue fell 17.5% year-over-year to RON 103.2M, operating margin is negative at -7.5%, and free cash flow is deeply negative at RON -11.6M [Yahoo Finance]. With a health score of 2.1/10 and net debt at 7.0x EBITDA, the company faces significant solvency risk [Yahoo Finance].

The company is in critical financial condition with negative operating cash flow, mounting debt, and contracting revenue.