SAF-HOLLAND SE
SAF-HOLLAND S.A.: Euler Hermes confirms SAF-HOLLAND’s BBB rating and stable outlook
DGAP-News: SAF-HOLLAND S.A. / Key word(s): Rating Euler Hermes confirms SAF-HOLLAND’s BBB rating and stable outlook The rationale behind the rating’s confirmation is the positive growth outlook from the rise in global transportation volumes and the SAF-HOLLAND Group’s excellent market position in axle and suspension systems in key European markets and its strength in fifth-wheels in North America in particular. Euler Hermes positively assesses the steady improvement made in the Group’s earnings and profitability and the fact that the capital structure has reached an “excellent level” in 2016 with only a small financial risk. According to the rating agency, these ratios are likely to continue to improve in the years ahead especially when taking into account the Group’s “Strategy 2020”, which is geared towards growth in new markets. About SAF-HOLLAND: Contact: SAF-HOLLAND GmbH Stephan Haas Hauptstraße 26 63856 Bessenbach Phone +49 6095 301-617 Stephan.Haas@safholland.de
13.04.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | SAF-HOLLAND S.A. |
68-70, boulevard de la Pétrusse | |
L-2320 Luxembourg | |
Grand Duchy of Luxembourg | |
Phone: | +49 6095 301 – 0 |
Fax: | +49 6095 301 – 260 |
E-mail: | info@safholland.de |
Internet: | www.safholland.com |
ISIN: | LU0307018795, DE000A1HA979, |
WKN: | A0MU70, A1HA97 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |