Corporate
Outlook: Stable
Action date: 04/01/2020
Rating action: New

AUDAX RENOVABLES SA

Audax operates in the energy sector, focusing on the commercialization business. The company is the leading Spanish independent supplier for SMEs. Additionally, the group operates in the generation segment. Through these two businesses, the company presents an international scope of activity (Spain, Portugal, Italy, Germany, Poland and the Netherlands). At year-end 2019, the company's revenues were € 1,041MM with an EBITDA of € 73.3MM (EBITDA margin of 7%). Its NFD/EBITDA ratio stood at 2.5x. Audax's capitalisation reached € 674.1MM on March 2020 (27/03).

Rating

Solicited
Date last rating: 04/01/2020
Date first rating: 04/01/2020