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    COR   PTCOR0AE0006

CORTICEIRA AMORIM, SGPS, S.A.

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Corticeira Amorim SGPS S A : Alma Gémea presents “The 5th element – The Perfect Balance”

07/05/2021 | 11:20am EDT
The new collection, totally inspired by Nature, is introducing new colours and four exclusive items. The collection is the fruit of a close partnership between Amorim Cork Composites and Matceramica, that was signed in 2009.

From spring to winter and from the air to the earth, Alma Gémea has found inspiration in Nature to present this new collection - 'The 5th Element - Perfect Balance'. Combining different seasons of the year and natural elements in colour, this Amorim Cork Composites brand has added 4 new products to its range (which now has a total of 18 options), with 5 colour variations. The existing colours (dark grey and pearl white) are now complemented by pink, green and matte black.

The new collection proposes a perfect union between the four elements - air, water, earth and fire - to create a fifth element: cork, whose primary role is to promote harmony and complete balance with nature.

Functional, while never neglecting the creative aspect, and taking advantage of the best attributes offered by each material, Alma Gémea offers the perfect combination of cork and ceramic - two raw materials that have a strong traditional nature.

'The aim of this collection is to maximise the unique characteristics of these two noble materials, deeply entrenched in Portuguese traditions. The fusion of cork and ceramics delivers an aesthetically appealing and versatile contemporary collection', underlines Cristina Veríssimo, Marketing and Communication director of Amorim Cork Composites.

These attributes are valued by today's customers, who appreciate genuinely national products, which uphold sustainability issues and the 3R's (reduce, reuse and recycle). In fact, circular economy best practices underpin the development of the composite cork products used in the Alma Gémea collection, where the cork is primarily derived from waste generated by the cork stopper industry. Cork's ability to retain CO2, also makes an important contribution to decarbonisation. For every ton of cork produced, cork oak forests can sequester up to 73 tons of CO2, making a positive contribution to climate regulation and, at the same time, reducing the carbon footprint of the products in which it is used.

The new collection is available at the Alma Gémea's website: www.alma-gemea.net

Disclaimer

Corticeira Amorim SGPS SA published this content on 03 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2021 15:19:02 UTC.


© Publicnow 2021
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Sales 2021 790 M 925 M 925 M
Net income 2021 75,1 M 87,9 M 87,9 M
Net Debt 2021 91,9 M 108 M 108 M
P/E ratio 2021 20,6x
Yield 2021 2,38%
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Nbr of Employees -
Free-Float 28,6%
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Corticeira Amorim, SGPS, S.A. Technical Analysis Chart | COR | PTCOR0AE0006 | MarketScreener
Technical analysis trends CORTICEIRA AMORIM, SGPS, S.A.
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TrendsNeutralBullishBullish
Income Statement Evolution
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Mean consensus BUY
Number of Analysts 7
Last Close Price 11,62 €
Average target price 13,09 €
Spread / Average Target 12,7%
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António Rios de Amorim Chairman & Chief Executive Officer
Nuno Filipe Vilela Barroca de Oliveira Vice Chairman
Luísa Alexandra Ramos Amorim Non-Executive Director
Fernando José de Araújo dos Santos Almeida Executive Director
Cristina Rios de Amorim Baptista Non-Executive Director
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