Corporate
Outlook: Stable
Action date: 04/30/2020
Rating action: Affirmed

ORTIZ CONSTRUCCIONES Y PROYECTOS SA

Ortiz has 59 years of experience in the infrastructure sector, participating in business such as concessions, energy, services, construction and real estate. Its international activity continued to be the main source of income (64% of turnover in 2019) with a marked presence in Latin America. During 2019 the group improved its turnover by 5.7% up to € 640.3MM and increased its results and profitability. The free cash flow was negative by € -44.4MM and its NFD/EBITDA ratio rose to 2.5x (1.6x in 2018).

Rating

Solicited
Date last rating: 04/30/2020
Date first rating: 05/26/2014