27.07.2016
Grammer AG DE0005895403
DGAP-News: Euler Hermes Rating confirms investment grade rating for Grammer
DGAP-News: Grammer AG / Key word(s): Rating
Euler Hermes Rating confirms investment grade rating for Grammer
27.07.2016 / 10:02
The issuer is solely responsible for the content of this announcement.
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Euler Hermes Rating confirms investment grade rating for Grammer
Amberg, July 27, 2016 - Euler Hermes Rating GmbH has assessed Grammer AG's
credit worthiness for the fifth time, awarding it an investment-grade BBB
rating again. In this way, the group is assured of access to attractively
priced funding in the international capital market. In its rating
rationale, Euler Hermes states that Grammer possesses an above-average
financial stability.
"This renewed confirmation of our good rating is gratifying for us,
demonstrating as it does the success of our global growth strategy and
showing that Grammer is a financially sound company despite its strong
growth," explains Hartmut Müller, Chief Executive Officer of Grammer AG.
Financial stability and further improvement in market position
In their rating report, the analysts at Euler Hermes assume that as an
automotive component supplier Grammer will continue to benefit from the
long-term global growth in passenger and commercial vehicles in the future.
A further point in Grammer's favor is its clear focus on the premium
segment of the vehicle market and its diversification across various
products, customers and regions. In addition, its market position has
systematically improved with the expansion of its worldwide production and
development structures as well as the increase in its customer base and
order books over the last few years.
Company profile
Domiciled in Amberg, Germany, GRAMMER AG specializes in the development and
production of components and systems for automotive interiors as well as
suspension driver and passenger seats for onroad and offroad vehicles.
In the Automotive Division, we supply headrests, armrests, center console
systems and high-quality interior components and operating systems to
premium automakers and automotive system suppliers. The Seating Systems
Division comprises seats for the truck and offroad seat segments (tractors,
construction machinery, forklifts) as well as train and bus seats.
With over 12,000 employees, Grammer operates in 20 countries around the
world. Grammer shares are listed in the SDAX and traded on the Frankfurt
and Munich stock exchanges via the electronic trading system Xetra.
Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
[email protected]
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27.07.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Grammer AG
Georg-Grammer-Str. 2
92224 Amberg
Germany
Phone: +49 (0)9621 66-0
Fax: +49 (0)9621 66-1000
E-mail: [email protected]
Internet: www.grammer.com
ISIN: DE0005895403, DE0005895403
WKN: 589540, 589540
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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