Friedrichshafen / Garching bei München. As part of an independent corporate issuer rating, Creditreform Rating* has ranked Zeppelin GmbH’s creditworthiness with an overall rating of “A-” and the current outlook as “stable”.
By awarding this excellent company rating, Creditreform Rating AG once again attests to Zeppelin’s high creditworthiness and low default risk. The main reason for the adjustment of the rating is the impact of the Russian war of aggression against Ukraine, which has led to a negative effect on sales and earnings as a result of sanctions imposed on Russia by the West, as well as subsequent counter-reactions. Given that the overall proportion of sales and earnings arising in Russia and Ukraine is not insignificant, and also in light of the war-related adjustments to strategic goals and infrastructure, we are assuming a corresponding strain on earnings and a simultaneous increase in investment and capital requirements for the short to medium term.
Despite the current economic and cyclical challenges, the Zeppelin Group is seeing robust sales and earnings development in the course of the 2022 fiscal year to date. Christian Dummler, CFO of Zeppelin GmbH, explains that our prudent corporate policy, financial stability, tried-and-tested crisis management, and diversified product and service portfolio will enable us to continue developing the company in a positive and economically successful manner in the future.
A detailed report can be found on the Creditreform Rating AG website.
Further information about the Zeppelin Group’s economic situation can also be found in the press release about the publication of the 2021 Annual Report.
The latest Sustainability Report for 2021 can be found on the company website.
*Creditreform Rating AG is one of the leading European rating agencies and is part of the global Creditreform Group, one of the largest providers of economic information in Europe. Creditreform Rating AG specializes in the evaluation of credit risk and offers investors and lenders an extensive range of rating services and risk management solutions.
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