The Antolin Idea Pitch video is now available.
You can find the video on the Sarria website landing page as well as on Antolin's dedicated page.

We have unwound our Long/Short 30s/28s position for 61.5/63 and will be looking at potentially the inverse strategy going into the business end of

Liquidity is stronger than modelled following the Indian sale closed in January. Cash stands at €314m, although credit lines remain largely

The company reports a rise in orders and beat our expectations for the year-end, both on revenue and EBITDA. However, the latter was partially

Antolin beat our expectations into year-end. Revenue was almost 10% better, and consequently, Q425 EBITDA margin improved

Please find our updated analysis on Antolin here.

As it looks unlikely that the bonds can be refinanced in the market by late 2027, Antolin is building a liquidity war chest, which should

We had dropped our forecast only slightly following the poor Q2 results, in order to test our thesis with a more constructive outlook (we are

Antolin Idea Pitch video is now live. You can find it on the Sarria website landing page and on the dedicated Antolin page.

Please find our updated model on Antolin here.

The hunt may be on for underperforming European auto suppliers, and Antolin is a well-known case, but this name seems to have taken a turn for the worse in

We were discussing with some of you that the bonds would drop a little this morning - mostly because there is a continued search for underperforming automotive suppliers on the back of weak volumes in Q2 - in turn driven by steep tariffs, flat macro growth and

Please find our updated analysis of Antolin here.

While risks in the short term are skewed to the downside, the bonds are difficult to short into a H225 picture that has been obscured by recent

The company performed better than model in Q1. Revenues were lower, but management had been renegotiating supply contracts, which is beginning to

In what could be a cautionary note for other auto suppliers, Schaeffler issued a profit warning this morning reducing its EBIT margin from a market consensus of

Please find our all-new analysis of Antolin here.

We have been reviewing our automotive names side-by-side, so as to create a bit of an industry view and ensure we view each bottom-up name in a

In line with the downturn in the auto parts industry, the Spanish auto parts group reported Q3 results that were reflective of the industry. Revenues declined by