Corticeira Amorim Reports 2.2% Decrease in 1Q25 Sales, 2.1% Increase in Net Profit
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Corticeira Amorim SGPS SA reported a 2.2% decrease in first-quarter 2025 sales, totaling €229.4 million, while net profit rose by 2.1% to €16.4 million. Excluding the sale of its Timberman Denmark stake, sales would have increased by 1.3%. The company reduced its net debt to €160.7 million, down €35 million from December 2024, due to improved cash flow and lower working capital needs. Additionally, the company is transferring an industrial facility to enhance productivity in its cork business.
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