Corticeira Amorim SGPS SA (DE:AS4) has released an update.
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Corticeira Amorim reported consolidated sales of €726 million for the first nine months of 2024, experiencing a 4.8% decline compared to the previous year due to challenging market conditions. Despite a decrease in net income to €47.8 million, the company managed to reduce its net debt to €214 million, showcasing resilience amidst rising cork costs. The Board has proposed a dividend distribution of €0.09 per share, reflecting confidence in future growth and efficient resource management.
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