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    COR   PTCOR0AE0006

CORTICEIRA AMORIM, SGPS, S.A.

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Corticeira Amorim SGPS S A : Amorim Cork Flooring expands to Canada with its brand new offices in Toronto

05/18/2021 | 06:15am EDT

Amorim Cork Flooring, world leader of cork flooring, celebrated earlier this month the establishment of Amorim Flooring Canada (AFCAN), the brand new Sales Unit located in Mississauga, in the shores of Lake Ontario.

'This is a moment to celebrate, as we are writing a new chapter in Amorim Cork Flooring's history', said André Tavares, General Manager of AFCAN, 'The company has an historical connection with Canada, where we built strong partnerships over the years, so it comes as a natural step to establish ourselves amongst this amazing community. AFCAN will surely lead the way in providing our customers with high quality, sustainable products and professional service.'

As a reflection of the company's values that settle on Sustainability, AFCAN will focus on Amorim Wise, Amorim Cork Flooring green brand, that provides sustainable and PVC free cork flooring solutions with a negative carbon balance. The company will also re-introduce its brand Wicanders to the market, betting on a renewed image and with practical solutions for everyday life.

With a strong focus on the digital side, AFCAN launched its local websites for both Amorim Wise and Wicanders. Along with its product offer and information, consumers can even test different flooring visuals in the Floor Simulator or do a virtual tour in Amorim Cork Flooring's showroom in Portugal. The dealer locator on both websites provides the end-consumer exact information on where to buy AFCAN products in selected dealers around the country.

In the words of Fernando Melo, CEO of Amorim Cork Flooring, 'As we continue to expand our business, AFCAN comes as an important investment in the future of the company, as it will strengthen our presence in North America. Despite the turbulent times we are living with Covid-19, we know it will be a success, as we will stay true to our values of sustainability, exceptional product quality and client care.'

Disclaimer

Corticeira Amorim SGPS SA published this content on 18 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 May 2021 10:14:00 UTC.


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Financials
Sales 2021 778 M 925 M 925 M
Net income 2021 73,4 M 87,3 M 87,3 M
Net Debt 2021 90,6 M 108 M 108 M
P/E ratio 2021 19,7x
Yield 2021 2,54%
Capitalization 1 439 M 1 710 M 1 710 M
EV / Sales 2021 1,97x
EV / Sales 2022 1,84x
Nbr of Employees -
Free-Float 28,6%
Chart CORTICEIRA AMORIM, SGPS, S.A.
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Corticeira Amorim, SGPS, S.A. Technical Analysis Chart | COR | PTCOR0AE0006 | MarketScreener
Technical analysis trends CORTICEIRA AMORIM, SGPS, S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Last Close Price 10,82 €
Average target price 12,63 €
Spread / Average Target 16,7%
EPS Revisions
Managers and Directors
Antˇnio Rios de Amorim Chairman & Chief Executive Officer
Nuno Filipe Vilela Barroca de Oliveira Vice Chairman
LuÝsa Alexandra Ramos Amorim Non-Executive Director
Fernando JosÚ de Ara˙jo dos Santos Almeida Executive Director
Cristina Rios de Amorim Baptista Non-Executive Director
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