EANS-News: German Pellets Maintains Good Credit Rating
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Ratings
Subtitle: Creditreform awards pellet manufacturer investment grade status /
Continued successful growth
Wismar / Germany (euro adhoc) - German Pellets has once again been assigned a
BBB corporate credit rating by Creditreform. The rating reaffirms German
Pellets´ "highly satisfactory financial standing". "This reflects our company´s
financial strength and high market share on the European pellet market," said
Peter Leibold, managing partner of German Pellets GmbH.
In its annual rating, the rating agency Creditreform scored the pellet producer
German Pellets comfortably within the investment grade range, which - according
to the rating report - is an above-average assessment relative to the economy as
a whole.
The rating report focuses primarily on the strong market position of the German
Pellets Group. "The rating validates our business strategy, which includes,
above all, the expansion of production capacities and sales structures, as well
as the continued increase of market share," said Peter Leibold. The rating also
demonstrates the successful and sustainable growth of the company. In the
current financial year, the overall performance and operating income have
increased significantly. The management expects sales to total approx. 300
million euros.
About German Pellets
German Pellets is the largest pellet manufacturer in Europe and the market
leader in Germany. Founded in 2005 in Wismar, Mecklenburg-Vorpommern, the German
Pellets Group now has approx. 400 employees and operates 14 manufacturing sites,
where it produces an environmentally friendly and carbon-neutral fuel from
renewable resources.
Further inquiry note:
Claudia Röhr
Tel.: 03841 30306412
E-Mail: claudia.roehr@german-pellets.de
end of announcement euro adhoc
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company: German Pellets GmbH
Am Torney 2a
D-23970 Wismar
phone: +49 (0) 3841 30 30 6 0
FAX: +49 (0) 3841 - 30 30 6 91 00
WWW: http://www.german-pellets.de
sector: Energy
ISIN: DE000A1H3J67
indexes:
stockmarkets: Open Market: Frankfurt, free trade/Bondm: Stuttgart
language: English