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Home > investors > releases > December 07, 2011
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Press Release by the Greiffenberger AG (WKN 589 730 / ISIN DE0005897300) Greiffenberger awarded Investment Grade rating of BBB- Marktredwitz and Augsburg, December 7, 2011 - The Creditreform AG agency has carried out a company evaluation of Greiffenberger AG, and awarded it a rating of BBB-. “In order to promote greater transparency we decided for the first time and on a voluntary basis to undergo a corporate rating. The award of an Investment Grade rating confirms for us how well we have succeeded over the past few years in putting our balance sheet ratios on a very solid footing, and, for example, to significantly reduce our net borrowing”, says Stefan Greiffenberger, sole director of the family-run industrial holding. A brief report on the rating is available for download from the company’s website at http://www.greiffenberger.de/berichte/.
On the Greiffenberger AG: Registered in Marktredwitz, Greiffenberger AG is a family-led industrial holding with around 945 employees. With an export ratio of 60 % it operates successfully worldwide in technologically demanding niche areas of three growth markets: • Drive Technology: efficient drive technology for companies that develop market-leading solutions, particularly industrial applications, e-mobility and renewable energies. • Metal Band Saw Blades & Precision Strip Steel: the finest quality for demanding industrial applications • Pipeline Renovation Technology: state-of-the-art trenchless technology The company's strategic focus is on continuing to develop sector expertise and advancing environmental technology in areas that include wind power, biomass heating and pipeline renovation technology. Organic growth will be generated by increasingly internationalizing sales and procurement, and complemented optionally by acquisitions of companies. The company has been listed since 1986 (WKN 5897300, ISIN 0005897300, ticker symbol GRF). Contact information:
Stefan Greiffenberger | | Thorsten Braun | CEO of Greiffenberger AG | | Assistant to the CEO | | | | Eberlestraße 28 | | | 86157 Augsburg | | | Tel.: +49 (0) 821/5212-261 | | | Fax: +49 (0) 821/5212-275 | | | stefan.greiffenberger@greiffenberger.de | | ir@greiffenberger.de |
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