- Published: March 2014
- Region: Global
Thiel Logistik AG Dec 05
- Published: December 2005
- Standard & Poors
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
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
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Logwin AG,Dura Automotive Systems Inc.,Schefenacker AG,Gildemeister AG