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Yioula Glassworks S.A. Dec 06 Product Image

Yioula Glassworks S.A. Dec 06

  • ID: 1793432
  • December 2006
  • Standard & Poors

Abstract
Leading position in highly consolidated markets; Good profitability supported by low-cost locations, although weakened because of high energy prices and restructuring costs during the last few quarters; and Long-term customer relationships, of which some are backed by long-term contracts. Limited cash flows, of which most will be used to fund high capital expenditures in the short to medium term; Exposure to volatility in energy prices and seasonality of beverage industry; Consolidation of the group's customer base; and Small size of group. The ratings on Yioula Glassworks S.A. (Yioula), a Greece-based manufacturer of glass containers for the food and beverage industry in southeast Europe, reflect the company's highly leveraged financial risk profile, limited size and diversification, the group's exposure to the...

Companies mentioned in this report are: Yioula Glassworks S.A.,Owens-Illinois Inc.,Ardagh Packaging Group PLC,Gerresheimer AG
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

Yioula Glassworks S.A.,Owens-Illinois Inc.,Ardagh Packaging Group PLC,Gerresheimer AG

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