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SDM SE files for insolvency proceedings for several group companies and stock plunges

Three companies of the SDM group – including parent SDM SE, Industrie- und Werkschutz Mundt and SDM Sicherheitsdienste München – have announced insolvency filings. The share price fell from €0.64 to as low as €0.04. SDM had previously reported disappointing 2024 results, increased material expenses due to subcontractors and burdensome acquisitions; revenues are also volatile because of large customer contracts such as protection work in the Hambach Forest for RWE. The company did not provide detailed reasons for the insolvency filings in its ad-hoc announcements. » Plus sur faz.net