ARTECHE LANTEGI ELKARTEA SA
Type of ratings: Corporate
Rating value: BB+
Outlook: No Trend
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: Withdrawal
The credit rating has been withdrawn due to a client's request.
Action date: 2023-05-09
Date last rating: 2022-08-15
Date first rating: 2021-12-01
Methodology