RIBA MUNDO TECNOLOGIA SOCIEDAD LIMITADA


Type of ratings: Corporate

Rating value: BB-

Outlook: Stable

License: EthiFinance Ratings

Solicited

EthiFinance Ratings affirms Riba Mundo TecnologĂ­a, S.L.'s "BB-" rating, maintaining its Stable outlook. Riba Mundo, based in Valencia (Spain), has been operating since 2018 as a wholesale distributor, mainly of electronic goods, with a strong focus on mobile telephony (78% of sales in 2022). The group's scope of operations is mainly focused on Europe (82% of sales in 2022), with Italy (20%) and Spain (16%) as the main markets. At year-end 2022, the company recorded a turnover of € 329.1m and EBITDA of € 7.5m (margin: 2.3%), with and NFD/EBITDA ratio of 2.5x.

Ratings

Rating action: Affirmed

Action date: 2023-07-31

Date last rating: 2023-07-31

Date first rating: 2022-06-21

Documents

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Methodology

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