Company profile

Tracing its roots back to the 19th century, Corticeira Amorim, SGPS, S.A. has become the world's largest cork and cork-derived company in the world, generating more than EUR 763 million in sales to more than 100 countries through a network of dozens of fully owned subsidiaries. With a multi-million Euro R&D investment per year, Corticeira Amorim, SGPS, S.A. has applied its specialist knowledge to this centuries-old traditional culture, developing a vast portfolio of 100% sustainable products that are used by blue-chip clients in industries as diverse and demanding as wines & spirits, aerospace, automotive, construction, sports, interior and fashion design. Net sales by business unit break down between Cork Stoppers (69%), Floor and Wall Coverings (14.2%), Composite Cork (12.8%), Insulation Cork (1.4%) and Raw Materials (2.6%). Net sales are distributed geographically as follows: Portugal (7.3%), EU excluding Portugal (58.5%), Other Europe (4%), the United States (16.8%), America excluding the United States (6.2%), Australasia (5.8%) and Africa (1.6%). Corticeira Amorim, SGPS, S.A.'s responsible approach to raw materials and sustainable production illustrates the remarkable interdependence between industry and a vital ecosystem - one of the world's most balanced examples of social, economic and environmental development.

Source: Cofisem - Last Update: 18 Sep 2019
Key Executives
Chairman and Chief Executive Officer António Rios Amorim
Company Secretary Pedro Jorge Ferreira Magalhaes
Investor Relations Director Ana Negrais Matos
Source: Cofisem - Last Update: 18 Sep 2019
Key figures
Millenium 2018 2017 2016 2015 2014
Net sales 763,117 701,609 641,411 604,800 560,340
Income from ordinary activities 763,117 701,609 641,411 604,800 560,340
Operating income 102,705 103,995 96,037 75,669 64,386
Cost (net) of financial indebtedness -3,076 -983 -1,127 -1,428 -2,814
Equity-accounted companies' contribution to results 2,691 1,040 49,961 3,091 1,280
Net profit from discontinued activities -2,913 -4,353 -2,904 -6,354
Net income 82,608 76,579 104,713 55,570 36,680
Net income (Group share) 77,388 73,028 102,703 55,012 35,756
Fiscal year end 12.18 12.17 12.16 12.15 12.14
Length of fiscal year (month) 12 12 12 12 12
Currency & Unit EUR - thousands EUR - thousands EUR - thousands EUR - thousands EUR - thousands
Account Standards
Source: Cofisem - Last Update: 18 Sep 2019
Shareholder information
Amorim Investimentos E Participacoès 51.00 %
Flottant 26.30 %
Investmark Holdings 10.32 %
Amorim Intenational Participations 10.09 %
Santander Asset Management, SA, SGIIC 2.29 %
Source: Cofisem - Last Update: 29 Jul 2019

Address

Corticeira Amorim, SGPS, S.A.

Edifício Amorim I Rua de Meladas 380
PO Box 20
PT-4536-902 Mozelos
Portugal
Phone number: +351 227 475 400
Source: Cofisem - Last Update: 18 Sep 2019

Contact

Ana Negrais de Matos
Phone number: +351 22 747 54 23
Source: Cofisem - Last Update: 18 Sep 2019