German Pellets Maintains Good Credit Rating
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.