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TEKNIA MANUFACTURING GROUP SOCIEDAD LIMITADA

Type of ratings: Corporate

Rating value: BB+

Outlook: Stable

License: EthiFinance Ratings

Solicited

EthiFinance Ratings affirms Teknia Manufacturing Group, S.L.'s "BB+" rating with Stable outlook. Teknia Manufacturing Group, S.L., an international group that operates as a TIER 2-1 Supplier in the automotive industry, operates internationally where it applies Plastic, Metal, Decolouring and Aluminium technologies. Teknia achieved a turnover of € 284.5M and EBITDA of € 26.4M (margin of 9.29%) in 2020 (€ 378.1M; € 31.97M in 2019), with a NFD/EBITDA of 2.48x (2.76x in 2019).

Ratings

Rating action: Upgrade

Action date: 2023-05-04

Date last rating: 2023-05-04

Date first rating: 2016-06-20

Documents

Executive summary:

Methodologies

Corporate Rating Methodology

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