VOLK - Rating

<H1>Herzlich Willkommen bei VOLK Fahrzeugbau GmbH!<H1> Fahrersitzwagen und Fahrersitzschlepper mit Elektro-, Diesel-, Hybrid- und Treibgasantrieb für den Einsatz in der Industrie, auf Flughäfen und im kommunalen Bereich.


	Outstanding rating for VOLK confirmed

Ravensburg, 17.10.2006: VOLK’s longstanding house bank, Kreissparkasse Ravensburg, analyzed the finan-
cial power and strategic position of VOLK and gave it an outstanding rating once again.

The bank rated VOLK with 3 points on a scale of 1 (“very good”) to 18 (“very poor”). This rating corresponds to BBB+ on the classic Standard & Poor’s scale and is an absolutely top rating for medium-sized, unlisted com-
panies. Therefore, it is not surprising that VOLK has an outstanding position also in its immediate competitive environment.

This excellent rating reflects particularly the following factors:

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VOLK’s leading role in the dynamically growing tow tractor and platform truck market.

A well-balanced customer structure characterized by a balanced airport to industry customer ratio and small




	VOLK Managing Director Dr. Matthias Baur, Sparkasse Corporate Accounts Manager Alois Frei and Sparkasse Vice President Andreas Middelberg handing over the rating report

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to major customer ratio with an well above-average percentage of purchases from repeat customers.

A convincing product mix characterized by a full range of tow tractors and platform trucks of all performance categories and drive types as well as a vastly above-average turnover proportion of innovative products.

A balance sheet structure characterized by outstanding liquidity ratios and an equity ratio which has continually increased to close to 40 % despite of considerable capital expenditures within the last few years.

The outstanding quality of the management characterized by excellent education and training of managerial employees and timely clarification of the succession issue.

“For our employees this positive rating is an acknowledgment of their conscientious and committed contribution to the production and continuous development of our products and of their dedicated work in customer service“, VOLK Managing Director Dr. Matthias Baur resumes his personal appreciation of the rating results.

VOLK’s outstanding rating is even more important, however, for VOLK’s business partners, customers and suppliers: “It provides valuable orientation and the reassuring certainty of working together with a high-performance partner they can completely rely on also in the future“, Dr. Baur says. “This is more important then ever today especially when durable investment goods such as industrial trucks are concerned.“


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