IZERTIS SA


Type of ratings: Corporate

Rating value: BB

Outlook: Positive

License: EthiFinance Ratings

Solicited

EthiFinance Ratings affirms Grupo Izertis's "BB" rating, changing its outlook from Stable to Positive. The company is a technological consultant firm which objective is to facilitate the digital transformation of organizations. The company's turnover in 2020 was € 50.7MM (+9.5% YoY) with an EBITDA of € 5.3MM (10.4% EBITDA margin). Adjusted NFD/EBITDA reached at year end 2.3 times. Grupo Izertis's capitalisation reached € 173.2MM on December 2020 (15/12).

Ratings

Rating action: Under Observation

Review due to methodologies update.

Action date: 2022-11-10

Date last rating: 2022-08-15

Date first rating: 2020-12-30

Documents

Executive summary:

Methodologies

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