The Ceibo Amorim closed the first half of this year with a net profit of 35.1 million euros, an increase of 34% over the same period last year. The “favorable” in the markets in which the company operates justify the improvement of the accounts.
In the first six months of the year, the Ceibo Amorim sales amounted to 334 million euros, 8% more than in first half of 2015.
“This positive development was supported by the sales volume effect, occurred in all business units, complemented by the mix effect, especially seen in the business unit stoppers. This semester, and similarly in the first quarter, the currency effect was not material, “explains the company in a statement sent this morning to the Portuguese Securities Market Commission (CMVM). Corks sales reached 220.6 million (almost 70% of total sales), an annual increase of 9.3%.
Since the EBITDA (earnings before interest, taxes, depreciation and amortization ) increased 21.1% in the period, standing at 65.9 million euros
“the financial function continues to be benefited by the positive performance of two indicators. reduced interest rate and the continued reduction in debt levels, “explains the release.
at the end of the first half, the debt Ceibo Amorim was 80 million euros, a decrease of 11.7 million over the same period .
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