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![Scope affirms BB/Stable issuer rating on Hörmann Industries GmbH](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_4b860c6e35978a0fb6c9b7c652ecc6b54d549bb47988b23d808167515fcf4ccd.jpg)
28/3/2024 Rating announcement EN
Scope affirms BB/Stable issuer rating on Hörmann Industries GmbH
A good financial risk profile, a diversified product portfolio and the good market position of Funkwerk support the rating. Low profitability, a weak position in automotive, the customer and end-market concentration and volatile FOCF are constraints.
![Scope assigns first-time issuer rating of BB/Stable to Hörmann Industries GmbH](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_ca731f04cd3e2b0ecc6c1c26aeb25cabf35acb327c8497759dca2a7120898f2c.jpg)
28/3/2023 Rating announcement EN
Scope assigns first-time issuer rating of BB/Stable to Hörmann Industries GmbH
A good financial risk profile, a diversified product portfolio and the good market position of subsidiary Funkwerk support the rating. Low profitability, a weak position in automotive and the customer and end-market concentration constrain the rating.