Corticeira Amorim SGPS SA

COR

Equity

ISIN PTCOR0AE0006 / Valor 605592

Euronext Lisbon (2025-11-21)

EUR 6.67+2.30%

Corticeira Amorim SGPS SA
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Corticeira Amorim SGPS SA, the parent company of Amorim Cork Composites, is a global leader in the cork processing industry, specializing in the research, development, and production of high-performance cork composite solutions. With a history dating back to 1870, the company has continuously invested in research & development, innovation, and design to create a diverse portfolio of products for various sectors such as aerospace, automobile, construction, sports, energy, interior design, and beverages. Under the leadership of the fourth generation of the founding family, Corticeira Amorim remains committed to sustainability and excellence, with a strong international presence, employing nearly 5,000 employees and serving customers in over 100 countries across five continents.

Summarized from source with an LLMView SourceSector: Industrials

Sales Performance

Consolidated sales totaled €985.5 million in 2023, a slight decrease from the record value in 2022, primarily due to lower activity levels in the flooring sector and unfavorable exchange rates.

EBITDA Improvement

The company achieved a notable improvement in EBITDA, increasing the EBITDA margin to 18%, driven by a better sales mix and significant cost savings.

Net Earnings

Consolidated net earnings for 2023 amounted to €88.9 million.

Investments and Sustainability

Significant investments were made in sustainable practices, including planting over 200,000 cork oaks and implementing photovoltaic projects to produce 20% of the company's electricity needs by 2024.

Summarized from source with an LLMView Source

Key figures

-18.4%1Y

-23.8%3Y

-34.6%5Y

Performance

18.7%1Y

17.0%3Y

19.6%5Y

Volatility