Impairments burden on result

For H1 2016, Rickmers Group reported a decline in sales by 13.9[ds_preview]% to 249.3mill. €. The net result lists a loss of 131.5 mill. € compared to a profit of 2.6mill. € in H1 2015. EBITDA dropped by 36.1% to 87.7mill. €. Furthermore the credit rating agency Creditreform has changed the outlook for the Rickmers Holding from »stable« to »negative« and maintained the rating of CCC, that means »insufficient credit« and increased risk of »insolvency«.