European rating agency. Objective, transparent, independent.
European rating agency. Objective, transparent, independent.

HOMANN HOLZWERKSTOFFE GmbH (Konzern)

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
BB- Watch NEW 08.04.2020 09.04.2020
BB- Outlook STA 28.10.2019 29.10.2019
B+ Outlook STA 24.10.2018 26.10.2018
B+ Outlook STA 26.10.2017 30.10.2017 25.10.2018
B+ Outlook STA 26.10.2016 28.10.2016 25.10.2017
B Watch UNW 29.04.2016 02.05.2016 26.10.2016
B 27.10.2015 28.10.2015 26.10.2016
B 28.10.2014 30.10.2014 27.10.2015
BB- Watch NEW 09.05.2014 09.05.2014 28.10.2014
BB- 12.03.2014 12.03.2014 28.10.2014
BB+ 29.10.2013 29.10.2013 28.10.2014
BBB- 02.11.2012 02.11.2012 01.11.2013

News

  • 09.04.2020
    Creditreform Rating has assigned to the SME issuer rating of Homann Holzwerkstoffe GmbH (BB-) the addition Watch NEW. The outlook no longer applies. The reason for this are the social and macroeconomic upheavals resulting from the COVID 19 pandemic, which continues to develop very dynamically and could have a significant impact on the operating business of the Homann Holzwerkstoffe Group, which focuses on the furniture, door, coating and automotive industries. Even though the first quarter of the current fiscal year progressed as planned, negative effects on the net assets, financial position and operating results of the Homann Holzwerkstoffe Group are to be expected due to the sharp decline in demand. The extent of the impact cannot be adequately estimated at this point and depends on the duration and severity of the pandemic as well as on the governmental and institutional behavioral guidelines and support measures. Homann Holzwerkstoffe GmbH has already applied for short-time work for its German production site and further measures are being taken or considered. Due to the good liquidity situation at the moment, we do not believe that the Homann Holzwerkstoffe Group is at risk in the short term; however, we expect a significant decline in sales and earnings, which could have a negative effect on key financial figures and consequently on the rating.
  • 29.10.2019
    Creditreform Rating has raised the SME issuer rating of HOMANN HOLZWERKSTOFFE GmbH to BB-. The outlook is stable. The main reason for raising the rating is the positive business development, which is reflected in improved earnings and internal financing power as well as a solid liquidity position. The slight year-on-year decline in earnings in 2018 due to the deconsolidation of the unprofitable Homanit Building Materials GmbH & Co. KG (HBM), will be more than offset by sales and above all by earnings in the current fiscal year. We also see the gradual reduction of debt as positive, which, against the backdrop of economic developments, will lead to an overall improvement in key financial figures and justify an increase of the rating level.
  • 26.10.2018
    Creditreform Rating has confirmed the corporate rating of HOMANN HOLZWERKSTOFFE GmbH at B+ with stable outlook. Key factors for the rating were the company´s slightly improved financial ratios which remain at the level of the current rating and are mainly based on the positive business development as well as the refinancing which took a place at the end of 2017. We expect a significant increase of indebtedness and with that a negative effect on the balance sheet ratios which currently restrain the rating due to the implementation of the planned expansion strategy.
  • 30.10.2017
    Creditreform Rating has confirmed the corporate rating of HOMANN HOLZWERKSTOFFE GmbH at B+. The outlook is stable. Key factors for the rating assessment were the company´s favourable business development as well as the secured refinancing for the bond, wich reaches maturity in December 2017. The high indebtedness, as well as below-average financial indicators, limit the rating. Furthermore, the envisaged expansion entails significant risk related to investment and other costs, wich - in combination with further indebtedness - has a dampening effect on the rating.
  • 28.10.2016
    Creditreform Rating has upgraded the corporate rating of HOMANN HOLZWERKSTOFFE GmbH to B+ with stable outlook within the followup rating. The profit situation has improved after commissioning the new production facility in Krosno (Poland). With prospects of the increases of sales and profits for 2016 and the subsequent years due to the production expansion at the new location in Krosno, we see them as essential with regard to a stabilisation of the financial position and refinancing of the in December 2017 due bond. Based on the business development in the course of the year 2016, this appears as achievable but it remains to be seen, like the specification of refinancing solutions of the in 2017 due bond. The so far below-average characteristics of the financial indicators and financial ratios limit the rating.