Corticeira : Strong start of the year, pricing strategy bearing fruit
>Results beat on organic strength and pricing strategy - Q1 2022 results came out significantly above our estimates (+12%) with organic sales growth of +18% (+32% when considering the acquisition of SACI) due to a strong level of activity (particularly compared with the weak Q1 2021), product mix improvement, price increases and favourable FX effects. Cork stoppers accounted for 73% of sales and 75% of EBITDA.EBITDA led by operating leverage and product m...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.
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.
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