Corporate
Outlook: Stable
Action date: 10/21/2021
Rating action: New

CORPORACIÓN CUNEXT INDUSTRIES SL

Axesor Rating assigns for the first time an "BB-" rating with a Stable outlook to Cunext Group. The group is specialized in the transformation of copper and aluminum to obtain different products mainly for the energy, automobile, enameling, railway, and distribution industries. In 2020, the company's turnover was € 1,217.9MM (-2.8% YoY) with an EBITDA of € 11.8MM (1% EBITDA margin). Adjusted NFD/EBITDA ratio stood at year end at 4.9x.

Rating

Solicited
Date last rating: 10/21/2021
Date first rating: 10/21/2021