Initiation date
12/05/2015
Rating date
29/11/2023
Contacts
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Lead analyst
Luis Mesa García
luis.mesa@ethifinance.com
Grupopikolin, S.L. is a Spanish multinational group dedicated to the production and sale of articles for the bedding sector, such as mattresses, bases, pillows and other accessories. At the end of 2022, the group recorded a consolidated turnover of and an EBITDA margin of 8.9%, according to IFRS-16 effect, with a DFN/EBITDA ratio of 6.2x, according to IFRS-16 (3.8x, for the purposes of covenants associated with the main financing contracts). Looking ahead to year-end 2023, the group estimates revenues of € 534.6M, an EBITDA margin of 9.7% and a DFN/EBITDA ratio of 4.5x, according to IFRS-16.