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HOMANN HOLZWERKSTOFFE GmbH: Corporate rating 'B' - Signing of contracts with major customers secures sustainable growth

HOMANN HOLZWERKSTOFFE GmbH / Key word(s): Bond/Bond

30.10.2014 15:28

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PRESS RELEASE

HOMANN HOLZWERKSTOFFE GmbH

- Corporate rating 'B'

- Signing of contracts with major customers secures sustainable growth

Munich/Herzberg am Harz, 30 October 2014 - HOMANN HOLZWERKSTOFFE GmbH, one
of Europe's leading suppliers of thin, finished fibreboard panels for the
furniture, door, coating and automotive industries, currently has been
awarded a rating of 'B' by Creditreform Rating AG. As such, the agency is
taking account of the increased balance sheet risks following from the
major investment of the company in its second Polish factory in
Krosno/Oder.

"The rating in no way reflects the sustainable, solid position of the
company. The long-term investment into the set-up and expansion of the
factories secures the company's sustainable growth while at the same time
facilitating a significant optimisation of the level of profitability for
the future," stated Fritz Homann, Managing Director of HOMANN
HOLZWERKSTOFFE GmbH.

"Thanks to the set-up of our new HDF/MDF fibreboard factory at Krosno/Oder,
we have been able to conclude new, long-term supply contracts with major
key customers with substantially improved conditions in terms of both
volume and price. All available capacities are well utilised and sales and
profits for 2014 are significantly higher than the previous year."

At both factories in Poland, the expansion of the finishing centres is
being consistently advanced by comprehensive investment. In Krosno/Oder,
the construction of the new HDF/MDF fibreboard factory is on schedule in
terms of both time and budget. The commencement of a three shift operation
is planned for the first quarter 2015. Also, the company is increasingly
less exposed to fluctuations in the price of raw materials as timber prices
in Poland are less volatile.
At the second Polish factory in Karlino the new laminating plant, which was
commissioned in spring and which further increases value creation, is
operating at virtually full capacity.
At the company's third factory in Losheim in Germany, the reduction of the
personnel intense finishing processes already announced by the company is
nearing completion. These processes are now conducted to a large extent at
the Polish factory in Krosno/Oder.

Overall, HOMANN HOLZWERKSTOFFE continues to focus on the comprehensive and
stringent expansion of its finishing activities. The consistent use of the
entire value chain by the various finishing options of untreated board
enables the company to further enhance its profitability in the future.

See also: www.homann-holzwerkstoffe.de

For further information:
Stefanie Schusser
Schusser Communications
Tel.: [phone]
[e-mail]

Martina Siebe
Homann Holzwerkstoffe
Tel: [phone]
[e-mail]


30.10.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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