Scope confirms investment grade rating BBB- of SAF-HOLLAND SE – outlook raised to positive
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EQS-News: SAF-HOLLAND SE
/ Key word(s): Rating
Scope confirms investment grade rating BBB- of SAF-HOLLAND SE – outlook raised to positive
Bessenbach (Germany), May 02, 2024. The SAF-HOLLAND SE ("SAF-HOLLAND"), one of the world's leading suppliers of trailer and truck components, today published the rating report of Scope Ratings GmbH ("Scope").
In it, Scope confirmed SAF-HOLLAND SE's long-term investment grade rating of BBB- and changed the outlook from stable to positive. In the current rating, Scope emphasizes the strong market position, the broad customer base and the high share of the cyclically resilient aftermarket business. In addition, the noticeable improvement in the most important credit ratios and the resulting significant improvement in the financial risk profile are the reason for raising the outlook from stable to positive. A further sustained improvement in the leverage ratio and simultaneous cash flow generation could result in a further upgrade in the medium to long term.
The Scope rating report is available on the SAF-HOLLAND website at https://corporate.safholland.com/en/investor-relations/rating.
Dana Unger VP Investor Relations, Corporate & ESG Communications Tel: +49 6095 301 949
Alexander Pöschl Senior Manager Investor Relations, Corporate & ESG Communications Tel: +49 6095 301 117 alexander.poeschl@safholland.de
Michael Schickling Senior Manager Investor Relations, Corporate & ESG Communications Tel: +49 6095 301 617 michael.schickling@safholland.de
About SAF-HOLLAND SAF-HOLLAND SE is a leading international manufacturer of chassis-related assemblies and components for trailers, trucks, and buses. With its around 6,000 dedicated employees worldwide, the company generated sales of EUR 2.11 billion in 2023.
02.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | SAF-HOLLAND SE |
| Hauptstraße 26 | |
| 63856 Bessenbach | |
| Germany | |
| Phone: | +49 6095 301-949 |
| E-mail: | ir@safholland.de |
| Internet: | www.safholland.com |
| ISIN: | DE000SAFH001 |
| WKN: | SAFH00 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1894489 |
| End of News | EQS News Service |
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1894489 02.05.2024 CET/CEST
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