Corporate
Outlook: Stable
Action date: 08/15/2022
Rating action: Affirmed

GRUPOPIKOLIN SL

Ethifinance Rating affirms Pikolin's "BB" rating, maintaining its Stable outlook. Grupo Pikolin is a multinational group dedicated to the production and sale of items for the beds and bedding sector, including mattresses, bedsteads, pillows and other accessories. Iberia (Spain & Portugal) and France are stood as their main markets. In 2020, the group reached a turnover of € 379.0M and an EBITDA of € 29.6M (recurring EBITDA margin: 7.8%), with a NFD/Recurring EBITDA ratio of 3.2x (1.8x for covenants purposes).

Rating

Solicited
Date last rating: 08/15/2022
Date first rating: 05/12/2015