Zeppelin GmbH

News

• 08.09.2023
  Creditreform Rating has affirmed the solicited corporate issuer rating of Zeppelin GmbH at A-. The outlook for the rating remains stable. For more details regarding the rating, please refer to our rating summary below.
• 14.09.2022
  Creditreform Rating has downgraded the corporate issuer rating of Zeppelin GmbH from A to A-. The outlook for the rating is stable. The previous addendum Watch UNW is no longer applicable. For more details regarding the rating, please refer to our rating summary below.
• 05.07.2022
  Creditreform Rating has assigned the solicited corporate issuer rating of Zeppelin GmbH of A with the addendum Watch UNW. An outlook is not applicable. Further details on the rating can be found in the press release below.
• 07.03.2022
  Creditreform Rating has placed Zeppelin GmbH's current corporate issuer rating of A on Watch NEW.The outlook has been dropped. The addition Watch NEW is justified against the background of the current Russia-Ukraine conflict and the high proportion of Zeppelin GmbH's business activities in the affected regions. Significantly negative effects on the business situation of the Zeppelin Group are expected in the fiscal year 2022.
• 23.09.2021
  The existing rating is confirmed at A, the outlook is stable.
  In the 2020 financial year, sales revenue amounted to EUR 3.27 billion after EUR 3.12 billion in the previous year. EBIT was EUR 124.6 million (previous year: EUR 133.7 million), slightly below the previous year, but above plan and overall still at a good level despite the general economic turmoil due to the COVID 19 pandemic. Thanks to a good cash flow, also due to efficiency improvements in working capital, a noticeable reduction in debt was achieved. The business development for the first seven months of the current 2021 financial year is also above the corresponding period of the previous year. Nevertheless, risks remain, especially in connection with the ongoing Covid 19 pandemic and the shortage of available raw materials.
• 10.06.2021
  The existing rating is confirmed at A, and the outlook is raised from negative to stable.
  In the 2020 financial year, sales revenue amounted to EUR 3.27 billion after EUR 3.12 billion in the previous year. EBIT was EUR 124.6 million (previous year EUR 133.7 million), slightly below the previous year but above plan and overall still at a good level despite the general economic turmoil due to the COVID 19 pandemic. Thanks to a good cash flow, also due to efficiency improvements in working capital, a noticeable reduction in debt was achieved. The business development for the first four months of the current financial year 2021 also continues to be stable to positive. Nevertheless, risks - especially in connection with the still ongoing Covid 19 pandemic - remain in our view for the time being.
• 12.10.2020
  Creditreform Rating has set the corporate rating of Zeppelin GmbH to A with a negative outlook. The negative outlook is due to the ongoing macroeconomic upheavals from the COVID-19 pandemic, which also characterize Zeppelin's figures during the year as of August 31, 2020. Nevertheless, sales and EBT are on target. Despite the persistently difficult situation in the crisis regions of Russia and Ukraine as well as the current conflict in Armenia, the negative economic and cyclical effects from the COVID-19 pandemic and the burdens from strategic development, the Zeppelin Group continues to impress.
• 09.04.2020
  Creditreform Rating has confirmed the corporate issuer rating of Zeppelin GmbH (Group) with A as part of the monitoring during the year and added the addition "Watch NEW". The rating outlook is dropped.
  The main reasons are the current macroeconomic upheavals, which the CRA believes are increasingly the result of the COVID-19-pandemic and could affect the Zeppelin Group to a considerable extent. As part of the regular monitoring, CRA examines further negative implications on the assets-, financial- and earnings position of the Zeppelin Group.
• 15.10.2019
  Creditreform Rating has set the corporate rating of Zeppelin GmbH to A with stable outlook. Our positive assessment of the structures, the market position and the financial strength of the Group as well as the group´s focus towards the future was affirmed. In addition, the rating has been supported by various company-specific criteria, including the stable development of the financial figures. In the view of the business performances as of June 30, 2019 and the forecast for the whole year 2019, we continue to uphold our appraisal.
• 21.08.2018
  Creditreform Rating has confirmed the corporate rating of Zeppelin GmbH at A- with positive outlook. Our positive assessment of the structures, the market position and the financial strength of the Group as well as the group´s focus towards the future was reaffirmed. In addition, the rating has been supported by various company-specific criteria, including the stable development of the financial figures. In the view of the business performances as of June 30, 2018 and the forecast for the whole year 2018, we continue to uphold our appraisal.
• 21.08.2017
  Creditreform Rating has confirmed the corporate rating of Zeppelin GmbH at A-. The outlook is stable. Our assessment of the market position and the financial strength as well as the group structure and its focus on the future is still positive. In addition, the rating has been supported by various company-specific criteria, including the stable development of the financial figures. Due to the implementation of strategic measures we expect a lightly decline of the profit for the current year with a rise in consolidated sales.