GRUPOPIKOLIN SL


Type of ratings: Corporate

Rating value: BB

Outlook: Stable

License: EthiFinance Ratings

Solicited

Ethifinance Rating affirms Pikolin's "BB" rating, maintaining its Stable outlook. Grupo Pikolin is a multinational group dedicated to the production and sale of items for the beds and bedding sector, including mattresses, bedsteads, pillows and other accessories. Iberia (Spain & Portugal) and France are stood as their main markets. In 2020, the group reached a turnover of € 379.0M and an EBITDA of € 29.6M (recurring EBITDA margin: 7.8%), with a NFD/Recurring EBITDA ratio of 3.2x (1.8x for covenants purposes).

Ratings

Rating action: Under Observation

Review due to methodologies update.

Action date: 2022-11-10

Date last rating: 2022-08-15

Date first rating: 2015-05-12

Documents

Executive summary:

Methodologies

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