Tue 10/17/2023 12:00 PM
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Credit Research: Manuel Coelho, Cedrick Cassin

 
Relevant Documents:

Waterfall/Cash Flow Model - H1’23 (Excel)
Q2’23 Financial Report
H1’23 Presentation
FY’22 Financial Report
Offering Memorandum


German automotive supplier Standard Profil, or SP, is currently enjoying a favorable input cost environment as illustrated by the 24% fall in synthetic rubber prices from their peak in 2022. This, coupled with continued robust organic growth and a €10 million cash injection from...
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