2023-07-31 10:24:05
(Alliance News) – ALA Spa announced Monday that rating agency Cerved has raised the company’s public rating from “B1.1” to “A3.1.”
The rating upgrade reflects ALA’s growing competitive positioning in the industry, positive financial results forecast for 2022, aligned with budget targets, and persistence through the end of 2022, despite the M&A deal put in place. good financial balance, with an NFP/Ebitda ratio of 2.0 times.
The business plan outlines an important development path for the coming years, which will benefit from the growing market demand and the synergies resulting from the acquisition of Sintersa, a momentum accompanied by a confirmation of the positive economic performance. It is also expected to maintain a largely sustainable level of leverage, an achievable target, according to rating agency Cerved, given ALA’s historical ability to generate cash flow.
Raffaele Carriola, Chief Financial Officer of ALA Group, said: “We are very proud of the result achieved. The upgrade of the rating from “B1.1” to “A3.1″ demonstrates the solidity of our company in the market and confirms as a leading operator in the sector of integrated logistics services and the distribution of products and components for aerospace, both in the civil and defense sectors”.
“This achievement will also build the confidence of our investors, customers and business partners, as it demonstrates our ability to maintain responsible financial management and a sound business strategy. We look to the future with confidence, knowing that our commitment to striving for excellence will take us to new heights in the future. We will continue to work hard to maintain and improve our rating, ensuring stable and sustainable growth for all stakeholders in the business.”
The ALA share price is stable at 13.45 euros.
Par Giuseppe Fabio Ciccomascolo, senior journalist of Alliance News
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