Naples, July 30th, 2024
ALA GROUP: CERVED RATING AGENCY CONFIRMS THE PUBLIC RATING A3.1
SOLID COMPETITIVE POSITIONING AND GROWING ECONOMIC PERFORMANCE CONSOLIDATE THE RATING
ALA S.p.A. (EGM: ALA), leader in Italy and a main global player in the offer of integrated logistics services and the distribution of products and components for the aerospace industry in both the civil and defence sectors (“Aerospace & Defence”), listed on the Euronext Growth Milan Market managed by Borsa Italiana, announces that Cerved Rating Agency — a rating agency specializing in assessing the creditworthiness of Italian non-financial companies — confirms ALA S.p.A’s public rating at A3.1.
The A3.1 rating confirmation reflects:
i) solid positioning in sectors with high growth potential such as Defence, Aerospace and Rail;
ii) positive economic performance in FY23 with growing revenues and operating margins, also thanks to the contribution of the SCP-Sintersa Group;
iii) confirmation of a balanced financial and asset-based structure as of 31 December 2023, despite a greater absorption of working capital, in line with forecasts.
For FY24 the Agency expects that the positive economic performance will continue, with a capital structure that will remain sustainable and in line with the current rating class, despite the expected increase in the Net Financial Position (NFP) at the end of 2024 in support of the working capital.
Raffaele Carriola, Chief Financial Officer of ALA Group, commented as follows: “We are extremely proud to have been confirmed with an A3.1 public rating. A rating that certifies ALA as a company with solid fundamentals and a remarkable ability to meet financial commitments, with low credit risk. Being placed within this high reliability range is a clear statement of our financial strength and stability. This achievement not only underlines our strategic positioning in the Defence, Aerospace and Rail sectors, but also reflects the effectiveness of the synergies built with SCP-Sintersa Group. FY2023 performance, with a significant increase in revenues and operating margins, proves the validity of our strategy and our willingness to successfully meet market challenges. This prestigious recognition motivates us to continue with renewed commitment, maintaining and exceeding the high standards of quality and innovation that distinguishes us”.
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A.L.A. S.p.A. (Euronext Growth Milan: ALA) is a leading international supply chain partner in the Aerospace, Defence, Railway and High-Tech sectors. For more than 35 years, ALA has served as a one-stop partner for the management and distribution of high-performance products, services and engineering solutions designed to streamline and improve its customers’ supply chain management operations. Headquartered in Naples, Italy, ALA – together with its subsidiary S.C.P. Sintersa – currently relies on a talented workforce of more than 600 people and on the strength of a growing network of sales offices and operations offices across Europe (Italy, Spain, Portugal, the United Kingdom, France and Germany), Israel and North America. ALA serves customers in 40 countries and manages more than 1,500 suppliers worldwide.www.alacorporation.com