ARTECHE LANTEGI ELKARTEA SA


Type of ratings: Corporate

Rating value: BB+

Outlook: Stable

License: EthiFinance Ratings

Solicited

EthiFinance Ratings assigns for the first time a "BB+" rating with Stable outlook to Arteche. The company is a multinational group that develops its activity in the electricity sector, focusing its business on the design, manufacture and marketing of electromechanical and electronic equipment. In 2020, the company's turnover was € 264.7MM with an EBITDA of € 29.7MM (11.2% EBITDA margin). Adjusted NFD/EBITDA ratio stood at year end at 3.2x. Arteche's capitalization in BME Growth reached € 221.5MM in November 2021 (11/31).

Ratings

Rating action: Under Observation

Review due to methodologies update.

Action date: 2022-11-10

Date last rating: 2022-08-15

Date first rating: 2021-12-01

Documents

Executive summary:

Methodologies

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