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RIBA MUNDO TECNOLOGIA SOCIEDAD LIMITADA

Type of ratings: Corporate

Rating value: BB-

Outlook: Stable

License: EthiFinance Ratings

Solicited

Riba Mundo, based in Valencia (Spain), has been operating since 2018 as a wholesale distributor, mainly of technological goods, with a marked orientation towards mobile phone (78% of sales in 2021). The company's operating is focused primarily on Europe (85% of sales in 2021), with Italy (14%) and Spain (13%) standing out as the main markets. In the last financial year, the company registered a turnover of € 173.7M and a gross margin of € 7.1M (margin: 4.1%). At year-end 2021, its EBITDA stood at € 3.8M (margin: 2.2%) and the NFD/EBITDA ratio amounted to 2.6x.

Ratings

Rating action: Affirmed

Action date: 2023-05-04

Date last rating: 2023-05-04

Date first rating: 2022-06-21

Documents

Executive summary:

Methodologies

Corporate Rating Methodology

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