Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Lisbonne  >  Corticeira Amorim, SGPS, S.A.    COR   PTCOR0AE0006

CORTICEIRA AMORIM, SGPS, S.A.

(COR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Luís Esteves: The constant ambition to do more and better

11/30/2020 | 04:05am EST
Luís Esteves: The constant ambition to do more and better 27/11/2020

2020 has been decisively marked by the disruption caused by COVID-19, but it will also be remembered as one of Amorim Cork's best and most challenging years ever! That may seem to be an absurd thing to say, but it reveals the extraordinary year (in the true sense of the word) that we are having!

First of all, due to the attitude and resilience that has been shown by our team, which has assumed its full responsibilities, despite all the valid fears associated to the first wave (April / May) and the second wave (October / November), enabling us to keep our factories and supply chain in normal operation! It is important to remember that we have around 20,000 customers who depend on us. If they didn't have our stoppers to seal their bottles, there would be unimaginable consequences for the entire value chain!

Second, because we have completed a cycle of initiatives that will mark the company's coming decades. Innovation through new technologies to eradicate TCA will not only consolidate the company's position as the undisputed leader of product quality and development in our sector, but will also represent a giant step in terms of presenting a range of products that fully responds to market needs! This is the result of the ambition harboured in the Strategic Plan for 2020, wherein in 2017 we defined the goal of reaching 2020 having overcome questions related to TCA!

Third, due to our ability to execute and deliver results! Notwithstanding the difficult years of 2018/2020, with higher raw material costs, and despite the losses caused by COVID-19, we will record one of our best years ever in 2020, in terms of results! The goals outlined for 2020 in 2015, and revised in 2017, have been largely exceeded! They were overcome because, year after year, our teams have been committed to deliver results, through dedicated work, joint vision and teamwork! The challenges were overcome because we were able to join forces with the best, who don't flinch from questioning what needs to be changed, and embrace the cause with a distinctive attitude! They have been overcome because our ambition has always been renewed, naturally and simply! Often without looking back, with our characteristic discretion, without gloating on past successes, focused on what we can still achieve! They have been overcome, because our team is selfless and fearless before the commitments it assumes, and has the ability to embrace new challenges, get involved, and transform the company into a fundamental part of their lives!

These are our values! Values that have guided everyone's behaviour over this extraordinary 150-year journey! In the 25 years I have been part of this beautiful story, I do not remember a single year where we weren't eager to grow and dream higher! The ambition to do more and better is one of the first lessons we receive when we join the company! It is part of our DNA. It is, and always will be, an indelible mark of our success! We are proud of our history, the product and innovation that we have been able to introduce, allied to our characteristic strong spirit of initiative and improvement! The ability to lead, to mobilise, to develop new solutions, new customers and markets, and the search for new applications, form an integral part of everyone who works here, marked by the legacy of the family that founded the company and has made it grow!

Disclaimer

Corticeira Amorim SGPS SA published this content on 27 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2020 09:04:04 UTC


© Publicnow 2020
All news about CORTICEIRA AMORIM, SGPS, S.A.
01/14CORTICEIRA AMORIM SGPS S A : issues €40 million in Green Bonds
PU
01/04ANTÓNIO RIOS AMORIM : 150 years of Future
PU
2020CORTICEIRA AMORIM SGPS S A : The Amorim Group pays tribute to Américo Amorim
PU
2020AMANDA LEVETE : to work with cork is a gift
PU
2020KENGO KUMA : the softness of the cork can open new possibilities of architecture..
PU
2020GUTA MOURA GUEDES : Cork is a "living" material, each piece is unrepeatable, and..
PU
2020CORTICEIRA AMORIM : Extraordinary bonus awarded to the employees for the company..
PU
2020SOU FUJIMOTO : Creating connections - a fertile future for cork in architecture
PU
2020CORTICEIRA AMORIM SGPS S A : Cork from Corticeira Amorim used inside Mazdas´s ne..
PU
2020LUÍS FERRÃO : Initiative - the problem isn´t getting to the top, it´s staying th..
PU
More news
Financials
Sales 2020 739 M 892 M 892 M
Net income 2020 64,6 M 78,0 M 78,0 M
Net Debt 2020 126 M 152 M 152 M
P/E ratio 2020 22,7x
Yield 2020 2,11%
Capitalization 1 476 M 1 785 M 1 783 M
EV / Sales 2020 2,17x
EV / Sales 2021 2,01x
Nbr of Employees -
Free-Float 28,6%
Chart CORTICEIRA AMORIM, SGPS, S.A.
Duration : Period :
Corticeira Amorim, SGPS, S.A. Technical Analysis Chart | COR | PTCOR0AE0006 | MarketScreener
Technical analysis trends CORTICEIRA AMORIM, SGPS, S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Average target price 11,85 €
Last Close Price 11,10 €
Spread / Highest target 17,1%
Spread / Average Target 6,76%
Spread / Lowest Target -9,91%
EPS Revisions
Managers and Directors
NameTitle
António Rios de Amorim Chairman & Chief Executive Officer
Eugénio Luís Lopes Franco Ferreira Chairman-Supervisory Board
Nuno Filipe Vilela Barroca de Oliveira Vice Chairman
Luísa Alexandra Ramos Amorim Non-Executive Director
Fernando José de Araújo dos Santos Almeida Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
CORTICEIRA AMORIM, SGPS, S.A.-4.31%1 785
LOUISIANA-PACIFIC CORPORATION2.13%4 150
NORBORD INC.-7.44%3 224
DURATEX S.A.3.71%2 610
STELLA-JONES INC.-0.19%2 424
DEHUA TB NEW DECORATION MATERIAL CO.,LTD9.36%1 133