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

IZERTIS SA

EthiFinance Ratings affirms Grupo Izertis's "BB" rating, changing its outlook from Stable to Positive. The company is a technological consultant firm which objective is to facilitate the digital transformation of organizations. The company's turnover in 2020 was € 50.7MM (+9.5% YoY) with an EBITDA of € 5.3MM (10.4% EBITDA margin). Adjusted NFD/EBITDA reached at year end 2.3 times. Grupo Izertis's capitalisation reached € 173.2MM on December 2020 (15/12).

Rating

Solicited
Date last rating: 08/15/2022
Date first rating: 12/30/2020