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European rating agency. Objective, transparent, independent.

Zeppelin GmbH

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
A Outlook STA 08.06.2021 10.06.2021 07.10.2021
A Outlook NEG 08.10.2020 12.10.2020 07.10.2021
A Watch NEW 07.04.2020 09.04.2020 10.10.2020
A Outlook STA 11.10.2019 15.10.2019 10.10.2020
A- Outlook STA 17.08.2018 21.08.2018 07.10.2019
A- Outlook STA 18.08.2017 21.08.2017 17.08.2018

News

  • 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.