Grammer : Euler Hermes Rating confirms investment grade rating for Grammer

Euler Hermes Rating confirms investment grade rating for Grammer

Amberg, July 27, 2016 - Euler Hermes Rating GmbH has assessed Grammer AG's credit worthiness for the fifth time, awarding it an investment-grade BBB rating again. In this way, the group is assured of access to attractively priced funding in the international capital market. In its rating rationale, Euler Hermes states that Grammer possesses an above-average financial stability.

'This renewed confirmation of our good rating is gratifying for us, demonstrating as it does the success of our global growth strategy and showing that Grammer is a financially sound company despite its strong growth,' explains Hartmut Müller, Chief Executive Officer of Grammer AG.

Financial stability and further improvement in market position
In their rating report, the analysts at Euler Hermes assume that as an automotive component supplier Grammer will continue to benefit from the long-term global growth in passenger and commercial vehicles in the future. A further point in Grammer's favor is its clear focus on the premium segment of the vehicle market and its diversification across various products, customers and regions. In addition, its market position has systematically improved with the expansion of its worldwide production and development structures as well as the increase in its customer base and order books over the last few years.

Company profile
Domiciled in Amberg, Germany, GRAMMER AG specializes in the development and production of components and systems for automotive interiors as well as suspension driver and passenger seats for onroad and offroad vehicles.

In the Automotive Division, we supply headrests, armrests, center console systems and high-quality interior components and operating systems to premium automakers and automotive system suppliers. The Seating Systems Division comprises seats for the truck and offroad seat segments (tractors, construction machinery, forklifts) as well as train and bus seats.

With over 12,000 employees, Grammer operates in 20 countries around the world. Grammer shares are listed in the SDAX and traded on the Frankfurt and Munich stock exchanges via the electronic trading system Xetra.

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