Olidata S.p.A.
Climate Impact & Sustainability Data (2014-01 to 2017-06)
Reporting Period: 2014-01 to 2017-06
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Financial crisis leading to liquidation in April 2016.
- Debt of around €13,000,000 with British Telecom SpA and Postecom SpA due to loss-making supply chain mechanisms.
- Currency exchange losses (EUR/USD) in 2015 due to supplier price increases and inability to use hedging instruments.
Mitigation Strategies
- Restructuring plan (ex art. 67 L.F.) to settle debts with creditors.
- Sale of Olidata's property for €5,400,000.
- Debt consolidation and rescheduling.
- Diversification of business into IoT and Smart Cities.
- Potential capital increase with a strategic partner.