DGAP-News
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:
SAF-HOLLAND S.A., located in Luxembourg, is the largest independent listed supplier to the commercial vehicle market in Europe delivering mainly to the trailer markets. With sales of
approximately EUR 1,042 million in 2016 and more than 3,200 employees, the Company is one of the world's leading manufacturers and suppliers of chassis-related systems and components primarily for
trailers, trucks, buses, and recreational vehicles. The product range comprises axle and suspension systems, fifth wheels, kingpins, and landing gear marketed under the brands SAF, HOLLAND and
Neway. SAF-HOLLAND sells its products to Original Equipment Manufacturers (OEMs) on six continents. The Group's Aftermarket business supplies spare parts to the service networks of Original
Equipment Suppliers (OES), as well as to end customers and service centers through its extensive global distribution network. SAF-HOLLAND is one of the few suppliers in the truck and trailer
industry that is internationally positioned in almost all markets worldwide.
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.
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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 |
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