Consolidated Annual Report 2007

CORTICEIRA AMORIM posts a 15.6% increase in 2007 profits

  • 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%.

Please note, your browser is out of date.
For a good browsing experience we recommend using the latest version of Chrome, Firefox, Safari, Opera or Internet Explorer.