Report
Luis de Toledo Heras

Corticeira : SACI’s first consolidation unveils synergy opportunities

>Updating our model to SACI’s first consolidation - We are fine-tuning our model of Corticeira following the release of Q1 2022 unaudited report and accounts which offered additional information on the effects of the consolidation of SACI from 1 January, 2022. SACI, whose main activity is the sale of muselets (wire-hoods for the sparkling wine segment) through its subsidiary ICAS, recorded sales of € 28.2m and EBITDA of € 4.7m (EBITDA margin of 16.7%) during Q1 2022 (...
Underlying
Corticeira Amorim SGPS SA

Corticeira Amorim, S.G.P.S. is a holding company. Through its subsidiaries, Co. is engaged in the production, sale and distribution of cork products, including natural and agglomerated cork stoppers for the wine industry; cork stoppers and other components for the sparkling wines, spirits and champagne industry; cork plank and other products resulting from the processing of cork and used in other segments of the cork industry; floor and wall coverings; composition and granulated corks with several technical and industrial applications; cork with rubber; and expanded pure agglomerated and regranulated corks for technical, acoustic and vibration insulation.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Luis de Toledo Heras

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