CORPORACIÓN CUNEXT INDUSTRIES SL

EthiFinance Ratings upgrades Cunext Group's rating from 'BB-' to 'BB', maintaining the Stable trend. Cunext Group is a business group specialised in the transformation of copper and, to a lesser extent, aluminium, to obtain different products mainly for the energy, automotive, enamelling, railway and distribution industries. Through its production plants (Cordoba, Vitoria and Zaragoza in Spain, and Brescia in Italy) with a smelting capacity of 200,000 tonnes/year of copper and 60,000 tonnes/year of aluminium, it supplies its products to more than 30 countries. At year-end 2022, the company reported revenues of € 1,886m (+8.8% yoy), EBITDA of € 24.8m (EBITDA margin of 1.3%), and an adjusted NFD/EBITDA ratio of 3x.