Corticeira Amorim SGPS SA

COR

Equity

ISIN PTCOR0AE0006 / Valor 605592

Euronext Lisbon (2024-12-20)

EUR 7.97+0.25%

Corticeira Amorim SGPS SA
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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

Consolidated Sales

In the first half of 2024, Corticeira Amorim SGPS SA reported consolidated sales surpassing €500 million. This milestone reflects the company's robust performance despite challenging market conditions.

Amorim Cork Sales

Sales by Amorim Cork, a division of Corticeira Amorim SGPS SA, totalled €392 million in 1H2024. The division faced an unfavourable business climate and a decline in volumes, impacting overall sales figures.

Amorim Cork Composites Growth

Amorim Cork Composites, another division of Corticeira Amorim SGPS SA, experienced sales growth, reaching €60 million in the first half of 2024. This growth highlights the division's resilience and market adaptability.

EBITDA Margin

Corticeira Amorim SGPS SA achieved an EBITDA margin of 18.9% in 1H2024. This performance was attained despite the negative impacts of operating deleverage and increased cork consumption prices.

New Organisational Model

In 1H2024, Corticeira Amorim SGPS SA introduced a new organisational model with the creation of Amorim Cork Solutions. This strategic move aims to enhance operational efficiency and market responsiveness.

Summarized from source with an LLMView Source

Key figures

-12.4%1Y

-24.1%3Y

-30.1%5Y

Performance

16.1%1Y

18.0%3Y

22.5%5Y

Volatility