Solicited rating

ARTECHE LANTEGI ELKARTEA

Withdrawn

Ratings

  • Type Corporate
  • Action Withdrawn (Due to client's request)
  • Action date
  • Last rating
  • First rating

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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).
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