EANS-News: German Pellets Maintains Good Credit Rating
09.12.2011 – 10:13
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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