Corporate
Outlook: Stable
Action date: 07/27/2022
Rating action: Affirmed

BIODIESEL ARAGON SL

EthiFinance Ratings affirms Bioarag s "BB-" rating, maintaining its Stable outlook. Niche company with an international focus specialized in the manufacture of double counting and advanced biofuel from plant and animal waste. Through its only production plant (Huesca), they commercialize biodiesel (own production and tolling) to large petrochemical groups. In 2021, the company reported a turnover of € 46.6M (-4% YoY) with an EBITDA of € 3.3M (EBITDA margin 7%). NFD/EBITDA ratio stood at 1.5x.

Rating

Solicited
Date last rating: 07/27/2022
Date first rating: 07/27/2021