Corporate
Outlook: Negative
Action date: 04/08/2020
Rating action: Affirmed

GRUPO PESTANA SGPS SA

Grupo Pestana is the Portuguese subsidiary of Pestana International Holding (PIH). The company focuses its activity on the management of 70 hotels, 9 units of vacation club, 6 golf courses, 4 real estate ventures, 1 casino gambling concession and 1 brewery company. They operate exclusively in the Portuguese market. Grupo Pestana s turnover in 2018 was € 364.9MM with an EBITDA of € 123MM (33.7% EBITDA margin). NFD/EBITDA stood in 2.9 times.

Rating

Solicited
Date last rating: 04/08/2020
Date first rating: 09/06/2019