Consolidated Annual Report 2007
CORTICEIRA AMORIM posts a 15.6% increase in 2007 profits
2008
- 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%.