Corticeira Amorim S.G.P.S Second Quarter 2024 Earnings: EPS: €0.15 (vs €0.21 in 2Q 2023)
Corticeira Amorim S.G.P.S (ELI:COR) Second Quarter 2024 Results
Key Financial Results
- Revenue: €266.0m (down 4.8% from 2Q 2023).
- Net income: €20.4m (down 26% from 2Q 2023).
- Profit margin: 7.7% (down from 9.9% in 2Q 2023). The decrease in margin was driven by lower revenue.
- EPS: €0.15 (down from €0.21 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Corticeira Amorim S.G.P.S Earnings Insights
Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Packaging industry in Europe.
Performance of the market in Portugal.
The company's shares are down 4.0% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Corticeira Amorim S.G.P.S you should be aware of.
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About ENXTLS:COR
Corticeira Amorim S.G.P.S
Manufactures and sells cork and cork related products in Europe, the United States, Portugal, Australasia, and Africa.
Flawless balance sheet and fair value.