Initiation date
01/12/2021
Rating date
09/05/2023
Contacts
-
Lead analyst
Miguel Barrao
miguel.barrao@ethifinance.com
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).