AURELIUS Group

The LSG Group is a leading global airline caterer and provider of onboard retail. The company is present in 49 countries in North and South America, APAC and Europe. 

The large number of legal entities, some with different ownership structures, made the planned carve-out from the Lufthansa Group very complex. AURELIUS, a global investor, decided to work with Horváth to successfully complete the carve-out. The main objective was to create rapid transparency regarding the stability and development of the cash positions in the various regions and legal entities.

At the beginning of the project, cash flow data and reporting were analyzed holistically. Regular cash review meetings were also held with the regions in order to gain a better understanding of business performance and special effects. In addition, further region-specific analyses were carried out (e.g. holistic assessment of working capital management including derivation of improvement levers).

Based on the findings, a solution was developed and implemented that includes standardized cash flow reports, including variance analysis and scenario modeling options in Power BI. The cash flow reporting system was rolled out for the Group, regions, countries, and legal entities and connected to the internal systems. The solution enables flexible and automated deviation analysis between time series and forecast versions.