  Consolidated Annual Report |
| CORTICEIRA AMORIM - Annual results hit by Q4 slowdown |
| 04-05-2009 |
Highlights: - Sales increases to 468.3 M€;
- EBITDA decreases 16.8% to 48.4 M€;
- Net Profit decreases to 6.153 M€ affected by main export currencies devaluation;
- Net debt decreases 4%;
- Equity/Assets ratio improves to 42.9%.
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 Consolidated Annual Report |
| CORTICEIRA AMORIM POSTS A 15.6% INCREASE IN 2007 PROFITS |
| 2008-04-24 |
Net profit attributable to CORTICEIRA AMORIM shareholders reached 23.245 M€ (15.6% YoY). Corkstoppers Business Unit (BU) strong sales and profits impacted positively consolidated figures. Sales reached 453.8 M€ (+2.5% YoY). Sales increase adversely affected by export currencies devaluation, namely USD during 4Q07. Total exchange impact was -8.9 M€ (-2% in sales). EBITDA (58.1 M€) and EBIT (37.0 M€) posted a YoY increase of 3.9% and 8.3% respectively. Equity / Total Assets ratio stood at 41%.
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