TEKNIA MANUFACTURING GROUP SOCIEDAD LIMITADA

EthiFinance Ratings affirms Teknia's "BB+" rating, maintaining its Stable outlook. Teknia Manufacturing Group, S.L., operates as an international group as a TIER 2-1 Supplier in the automotive industry, highly specialized in Plastic, Metal, Decolouring and Aluminium technologies. In 2022, they achieved a turnover of € 384.6M and EBITDA of € 40.6M (margin: 10.5%), with a NFD/EBITDA which stood at 1.8x. Considering IFRS-16 impact, EBITDA margin and NFD/EBITDA ratio stood at 11.7% and 2.3x, respectively, as of December 2022.