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Obrascón Huarte Lain, S.A. (OHLA.MC)

MCE - MCE Delayed Price. Currency in EUR
0.5640-0.0060 (-1.05%)
As of 09:21AM CET. Market open.
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Neutralpattern detected
Previous Close0.5700
Bid0.5630 x N/A
Ask0.5650 x N/A
Day's Range0.5620 - 0.5735
52 Week Range0.3822 - 1.0080
Avg. Volume2,390,482
Market Cap333.044M
Beta (5Y Monthly)1.90
PE Ratio (TTM)N/A
EPS (TTM)-0.1340
Earnings DateFeb 22, 2023 - Feb 27, 2023
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJul 04, 2016
1y Target Est0.98
  • Moody's

    Obrascon Huarte Lain S.A. -- Moody's upgrades OHLA's CFR to B3, outlook positive

    Concurrently, Moody's upgraded the instrument rating of the E487 million guaranteed senior secured notes due 2026 issued by OHL Operaciones S.A.U., a wholly-owned subsidiary of OHLA, to B3 from Caa2. The outlook for OHLA and OHL Operaciones S.A.U. remains positive.RATINGS RATIONALEThe upgrade of the CFR to B3 reflects (1) an almost E100 million debt reduction (equal to 15% of OHLA's Moody's-adjusted debt as of December 2021); (2) Moody's expectation that OHLA will further reduce its debt (including through mandatory repayment under the asset sale regime) and its EBITDA will gradually expand on increased economic activity in the construction business and profitability improvement - altogether resulting in deleveraging to around 4.0x-4.5x Moody's-adjusted debt/EBITDA over the next 12-18 months; (3) a strong order intake of around E3.7 billion in 2021, which provides some visibility into 2022-23 revenue; and (4) continued profitability improvement despite pressures from cost inflation.