DGAP-News: SAF-HOLLAND SE: Euler Hermes Rating confirms investment grade rating
DGAP-News: SAF-HOLLAND SE
/ Key word(s): Rating
SAF-HOLLAND: Euler Hermes Rating confirms investment grade rating Luxembourg, June 4, 2020. SAF-HOLLAND SE ("SAF-HOLLAND"), one of the world's leading suppliers of trailer and truck components, today published the combined rating report for 2020 from Euler Hermes Rating GmbH ("Euler Hermes Rating"). The report confirms the investment grade rating. https://corporate.safholland.com/en/investor-relations/rating/euler-hermes
About SAF-HOLLAND SAF-HOLLAND SE, located in Luxembourg, is the largest independent listed commercial vehicle supplier in Europe and primarily supplies the trailer markets. With sales of around EUR 1,284 million in 2019, the Company is one of the leading international manufacturers of chassis-related assemblies and components, primarily for trailers but also for trucks, buses, and recreational vehicles. In addition to axle and suspension systems, the product range includes fifth wheels, coupling systems, kingpins and landing legs, which are sold under the SAF, Holland, Neway, KLL, V.Orlandi and York brands. SAF-HOLLAND supplies original equipment manufacturers (OEM) on six continents. In the Aftermarket business, the Group supplies replacement parts to manufacturers' service networks (OES) and, with the help of distribution centers, to end customers and service centers via an extensive global sales network. SAF-HOLLAND has a broad international base and is present in almost all markets worldwide. With the innovation offensive "SMART STEEL - ENGINEER BUILD CONNECT", SAF-HOLLAND combines mechanics with sensors and electronics and is driving forward the digital networking of commercial vehicles and logistics chains. Around 3,500 committed employees worldwide are already working on the future of the transport industry today.
Michael Schickling
This press release contains certain future-oriented statements that are based on current assumptions and forecasts made by the management of SAF-HOLLAND SE. Various known and unknown risks, uncertainties and other factors may lead to the actual results, financial position, development or performance of the company deviating considerably from the appraisals specified here. The company assumes no obligation to update future-oriented statements of this nature or adapt them to future events or developments.
This announcement is for information purposes only and does neither constitute an offer to sell, purchase, exchange or transfer any securities nor a solicitation of any offer to sell, purchase, exchange or transfer any securities. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. SAF-HOLLAND SE does not intend to register any securities referred to herein under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States in connection with this announcement.
Contact: SAF-HOLLAND Group Michael Schickling Hauptstraße 26 63856 Bessenbach Phone +49 6095 301-617 [email protected]
04.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | SAF-HOLLAND SE |
68-70, boulevard de la Pétrusse | |
L-2320 Luxembourg | |
Luxemburg | |
Phone: | +49 6095 301 - 0 |
Fax: | +49 6095 301 - 260 |
E-mail: | [email protected] |
Internet: | www.safholland.com |
ISIN: | LU0307018795 |
WKN: | A0MU70 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1062895 |
End of News | DGAP News Service |
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1062895 04.06.2020
SAF Holland SE Stock
Our community is currently high on SAF Holland SE with 4 Buy predictions and 0 Sell predictions.
With a target price of 19 € there is a slightly positive potential of 8.7% for SAF Holland SE compared to the current price of 17.48 €.