Outlook: Stable
Action date: 02/15/2022
Rating action: Under Observation
Review due to methodologies update.


Axesor Rating affirms Sampol Grupo Corporativo, S.L. s BBB- rating, maintaining its Stable outlook. Sampol Grupo Corporativo, S.L. is a Spanish engineering company with more than 85 years of history. Its historical positioning in Spain and the Caribbean (82.5% of EBITDA in 2020) in the airport and hotel sectors, together with its activity in power plants (EPC and energy sales) make up the majority of its business. The company currently has 13 cogeneration plants, with two of them still under construction, through which it sells energy to the industry where it has co-located the plant. At year-end 2020, the company reported revenues of € 129.6m and EBITDA of € 12.9m, with a NFD/EBITDA ratio of -0.88x (although our adjusted ratio, which also includes the amounts of customer advances, leads to a ratio of -0.18x).


Date last rating: 12/24/2021
Date first rating: 02/12/2019