Friedrichshafen / Garching near Munich. As part of an independent corporate issuer rating, Creditreform Rating* has again ranked Zeppelin GmbH’s creditworthiness with an overall rating of “A-” and its current outlook as “robust.”
By awarding this excellent company rating, Creditreform Rating AG once again attests to Zeppelin’s high creditworthiness and low default risk. The decisive factor in the renewed rating is that the expected deterioration in the financial ratios for the 2022 financial year had already been taken into account in the previous year’s rating through a corresponding adjustment. In addition, the risks and market losses that resulted on a wider scale from the Russian war of aggression against Ukraine are now regarded as largely addressed or manageable. Although the Zeppelin Group faced a considerable overall loss of sales and earnings in Russia, Ukraine, and Belarus in 2022, it succeeded in surpassing its sales in 2021 and closed the year significantly above its forecasts, producing a stabilizing effect.
“The rating shows that the Zeppelin Group achieved solid growth in sales and earnings despite the economic effects resulting from the Russian war of aggression against Ukraine and the sanctions imposed on Russia by the West. All our employees can be very proud of this. In spite of the increasingly challenging operating environment, the figures for the first half of 2023 show good business performance. This confirms that we are on the right track with our strategic and operational direction,” says Christian Dummler, CFO of Zeppelin GmbH.
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 Annual Report 2022.
The Group’s latest Sustainability Report, the 2022 edition, is also available in a digital version for the first time.
*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 credit risk assessments and offers investors and lenders an extensive range of rating services and risk management solutions.
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