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Corticeira Amorim recorded 41.2 million euros in profits in the first half, up 9.2% over the same period last year, announced Wednesday. "Corticeira Amorim finished the first half with a net profit of 41.2 million euros, an increase of 9.2% over the same period of the previous year," the company said. in a statement.
to 399.9 million euros, up 12.7% over the first half of 2017. In turn, earnings before taxes, interest and amortization (EBITDA) increased by 9.6%
By business unit, the commodities area recorded a turnover of 95.4 million euros, up 15.2% from the first half of 2017. The turnover of the cork branch reached 282.5 million euros, up 18% over the same period last year. The coating unit, for its part, recorded a turnover of 57.4 million euros, down 7.9% from 2017.
L & # 39; s 39; Agglomerates and composites business unit achieved a turnover of 51.3 million euros, a decrease of 1.2% compared to the same semester of the year former. Finally, sales of the insulation unit amounted to 6.1 million euros, up 8.3% over the same period in 2017.
Debt Net interest bearing interest at the end of the first half of the year was 102.1 million compared to 92.8 million at the end of 2017. "In a low interest rate environment, total financial expenses increased slightly in because of the increase in average debt. This increase is mainly due to the amount paid by recent acquisitions (Bourassé, Sodiliège and Elfverson) and to the consolidation of its debt on the balance sheet of Corticeira Amorim. "
During the first six months of the year, the financial autonomy of corticeira reached 51%, a decrease from the 57% achieved in the same half of the previous year
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