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.

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.