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

ARTECHE LANTEGI ELKARTEA SA

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).

Rating

Solicited
Date last rating: 08/15/2022
Date first rating: 12/01/2021