- Published: February 2012
- Region: Global
Gerresheimer AG Apr 08
- ID: 1793821
- April 2008
- Standard & Poors
Global leading market shares in stable and largely consolidated markets Good geographic diversification Strong product portfolio and long-term customer relationships Good profitability and operating cash flow generation Aggressive financial policies, including debt-financed acquisitions High capital intensity, in particular in glass operations, and heavy growth-related investment plans Exposure to price volatility of energy and raw materials Limited business scope The rating on Germany-based specialty packaging supplier Gerresheimer AG and its fully owned subsidiary Gerreshiemer Holdings GmbH are constrained by the group's aggressive financial profile and the company's appetite for debt-financed acquisitions. Nevertheless, the group has a satisfactory business risk profile, underpinned by leading positions in largely consolidated, growing, and noncyclical underlying markets. Relationships and cooperation between suppliers and customers are strong...
Companies mentioned in this report are: Gerresheimer AG,Gerresheimer Holdings GmbH
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Gerresheimer AG,Gerresheimer Holdings GmbH