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Corticeira Amorim sales increase 6% to EUR 641 million

2017-04-07
  • EBITDA increased 22% to EUR 122 M

  • Sale of US Floors generates net gain of EUR 30 M

  • Net profit excluding sale of US Floors reaches EUR 73 M, up 32% on 2015

Consolidated Accounts
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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%.
Consolidated Annual Report
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CORTICEIRA AMORIM registers strong improvement in 2006 results

2006
  • Sales reached 442,6 million euros (M€), up 3,4%; strong contribution from Corkflooring Business Unit (BU) (+7,6%).
  • Net profit attributable to CORTICEIRA AMORIM shareholders rose to 20,104 M€ at year end, up 27,7% when compared to 2005.
  • EBITDA registered 56 M€, more than doubling first half, driven by growth in Sales and Gross Margin.
  • The same for growth in EBIT (+27,4%) and EBT (+30,9%).
  • Fourth quarter sound performance boosted full year activity: Sales (+7,2%),and Net Profit (+64,8%).
  • In spite of a slowdown in the second half, Gross Margin kept its high performance (48,5%).
Consolidated Annual Report
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CORTICEIRA AMORIM – Favourable 4Q fuels higher 2005 sales and profits

2005
  • 4Q05 Sales up 6,2% with cork stoppers up 18%.
  • 12M05 Sales increased 0,3% reaching 428,0 M€, reversing negative deviations of previous Quarters.
  • CORTICEIRA AMORIM posted a 12M05 EBITDA of 49,5 M€, gaining 5,2% fuelled by a strong 4Q05 (+42%).
  • Net Profit for 12M05 reached 15,7 M€, an increase of + 3,9%.
  • Equity to Asset ratio at 40% at year end.
  • Board of CORTICEIRA AMORIM proposes a dividend of 0.05€ per share, a 43% increase.
Consolidated Annual Report
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CORTICEIRA AMORIM confirms positive 2004 results

2004
  • Consolidated net results for 2004 increased 23.6%, to Euro 10.0 million.
  • Sales reached Euro 429 million.
  • EBIT stable at Euro 20.7 million.
  • Additional Euro 48 million decreased in net debt.
  • Gross dividend proposal of Euro 0,035 per share.
Consolidated Annual Report
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CORTICEIRA AMORIM – Year-end results show significant improvements

2003
  • Profitability for 2003 registered a sharp improvement. When compared to 2002, net profits increased four times to reach Euros 801 million.
  • A 2H03 increase in sales, overall improvements in gross margin and a stabilisation of operating costs are the main drivers behind the good performance obtained especially throughout the second half of the year.
  • EBIT improved 40.2% to Euros 20.7 million, while EBITDA increased 12% to Euros 51.6 million.
Consolidated Annual Report