Water cooling specialist EKWB in crisis: the CEO vows improvement
The Slovenian company EKWB has financial problems. These are also having a negative impact on the corporate climate. The CEO confirms the reports and has taken initial steps to improve the situation.
A report by the YouTube channel "Gamers Nexus" has revealed major financial problems and ill-feeling at EKWB. The company apparently owes suppliers, employees and manufacturers a lot of money. This is because the company cannot get rid of its stocks. Large stocks of expensive high-end water cooling components are only selling slowly. With over 230 water blocks, 40 water cooling kits, 85 reservoirs, 40 pumps, 73 radiators and 212 accessories, EKWB has a huge product range for a niche hobby like custom watercooling. You can see everything in detail in the video:
In a public statement the CEO of EKWB, Edvard König, has now spoken out. In the statement, König confirms the allegations and promises to resolve the problems regarding outstanding payments to staff and suppliers. Internal communication is also to be improved.
König has been CEO of EKWB again since February 2024. He has been CEO twice before, most recently five years ago. In this short time, he has already tackled various issues. For example, he has reported errors in taxes in the USA - EKWB has a branch in the States. The company has also sold a building in order to settle some of the outstanding payments.
Even if König's statement is well-intentioned, it is unlikely to minimise the damage caused. The company's image has been severely tarnished by the whole affair. The large stocks will certainly not sell any better. There is probably a threat of streamlining and downsizing the company.
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