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Thiel Logistik AG Dec 05 Product Image

Thiel Logistik AG Dec 05

  • Published: December 2005
  • Standard & Poors


  • Gildemeister AG
  • Logwin AG
  • Schefenacker AG
  • MORE

Leading sector positions for contract logistics in fashion, furniture, and media in the German market; and Reasonable diversity within customer base. Regional, narrow focus concentrated on three main Western European countries; Highly fragmented and competitive markets; Historically weak earnings and cash generation compared with major peers; and High financial leverage. The ratings on Luxembourg-based logistics services provider Thiel Logistik AG reflect the group's midsize position in the highly fragmented, cyclical, and competitive logistics market; the regional and relatively modest scope of its operations; its relatively modest margins; and high financial leverage. The ratings benefit from Thiel's good positions in certain specialist markets, such as German fashion, media, and furniture. Thiel has annual revenues of about €1.7 billion ($2.0 billion) and...

Companies mentioned in this report are:
- Logwin AG
- Dura Automotive Systems Inc.
- Schefenacker AG
- Gildemeister AG

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, READ MORE >

- Logwin AG
- Dura Automotive Systems Inc.
- Schefenacker AG
- Gildemeister AG

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