OverviewSuggest Edit

Amorim is a company manufacturing and selling cork and cork related products. It operates through five segments: Raw Materials, Cork Stoppers, Floor and Wall Coverings, Composite Cork, and Insulation Cork segments. It offers wine, champagne, and sparkling wine capsulated cork stoppers, cork floor and wall coverings, stone and wood floorings, cork composite solutions, and expanded insulation corkboards. The company also offers cork products such as MDFachada, an expanded insulation corkboard for use in exterior wall cladding and interior walls and ceilings; Lambourdé, a system for quick assembly designed for insulation solutions in new construction and building renovation; Corkoco, a solution for acoustic insulation in ceilings, walls, and floors; and Coco, a solution of hard fibers for insulation.
TypePublic
Founded1870
HQMozelos, PT
Websiteamorim.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Dec 2019)4,424
Revenue (FY, 2019)€781.1 M(+3%)
Share Price (May 2021)€10.3
Cybersecurity ratingCMore

Key People/Management at Amorim

Paulo de Tarso da Cruz Domingues

Paulo de Tarso da Cruz Domingues

Chairman
Rui Paulo Cardinal Carvalho

Rui Paulo Cardinal Carvalho

Secretary
António Rios de Amorim

António Rios de Amorim

Deputy Chairman
Nuno Filipe Vilela Barroca de Oliveira

Nuno Filipe Vilela Barroca de Oliveira

Deputy Chairman
Fernando José de Araújo dos Santos Almeida

Fernando José de Araújo dos Santos Almeida

Member of the Board of Directors; Member, Executive Committee
Cristina Rios de Amorim Baptista

Cristina Rios de Amorim Baptista

Board of Directors
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Amorim Office Locations

Amorim has offices in Mozelos, Anta maria de lamas, Argoncilhe, Ponte de Sor and in 26 other locations
Mozelos, PT (HQ)
R. Meladas 380
Anta maria de lamas, PT
rua do alto picao, apartado 49, valada 4536 - 904 santa maria de lamas
Argoncilhe, PT
R. Central da Vergada 1055
Mozelos, PT
R. Meladas 105
Ponte de Sor, PT
Rua B, lotes 43-44, Nova Zona Industrial, Ponte De Sor
Ponte de Sor, PT
Salteiros
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Amorim Financials and Metrics

Amorim Revenue

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Amorim's revenue was reported to be €781.06 m in FY, 2019 which is a 2.4% increase from the previous period.
EUR

Revenue (Q3, 2020)

179.8m

Gross profit (Q3, 2020)

102.1m

Gross profit margin (Q3, 2020), %

56.7%

Net income (Q3, 2020)

15.5m

EBITDA (Q3, 2020)

94.9m

EBIT (Q3, 2020)

67.8m

Market capitalization (7-May-2021)

1.4b

Closing stock price (7-May-2021)

10.3

Cash (30-Sept-2020)

43.6m

EV

1.5b
Amorim's current market capitalization is €1.4 b.
Annual
EURFY, 2017FY, 2018FY, 2019

Revenue

701.6m763.1m781.1m

Revenue growth, %

9%2%

Cost of goods sold

333.0m408.8m398.3m

Gross profit

368.6m354.3m382.7m
Quarterly
EURQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

171.7m183.1m176.7m185.4m214.5m183.9m202.3m209.9m190.4m203.7m187.9m179.8m

Cost of goods sold

85.6m82.6m80.9m96.9m116.2m94.0m111.0m106.7m101.2m106.0m91.7m77.8m

Gross profit

86.1m100.4m95.8m88.4m98.3m89.9m91.3m103.2m89.1m97.7m96.3m102.1m

Gross profit Margin, %

50%55%54%48%46%49%45%49%47%48%51%57%
Annual
EURFY, 2017FY, 2018FY, 2019

Cash

17.0m21.7m22.1m

Accounts Receivable

167.6m174.5m165.5m

Inventories

359.1m406.1m397.8m

Current Assets

595.2m650.0m637.3m
Annual
EURFY, 2017FY, 2018FY, 2019

Accounts Payable

(539.9m)(599.2m)(625.7m)

Cash From Operating Activities

74.9m59.5m86.8m

Purchases of PP&E

(42.8m)(53.7m)(53.0m)

Cash From Investing Activities

(72.0m)(69.1m)(66.3m)
EURQ1, 2017

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.7 x
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Amorim Operating Metrics

Amorim's Customers was reported to be 27 k in FY, 2019.
FY, 2017FY, 2018FY, 2019

Agents

254254

Customers

25 k27 k

Patent Applications

59

Plants

303529
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Amorim Acquisitions / Subsidiaries

Company NameDateDeal Size
ACIC USA, LLC
Agglotap, S.A.
All Closures In, S.A.
Amorim Australasia Pty Ltd.
Amorim Bartop, S.A.
Amorim Benelux, BV
Amorim Champcork, S.A
Amorim Cork América, Inc.
Amorim Cork Beijing Ltd.
Amorim Cork Bulgaria EOOD
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Amorim Revenue Breakdown

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Amorim revenue breakdown by business segment: 12.7% from Composite Cork, 13.6% from Floor & Wall Coverings, 70.3% from Cork Stoppers and 3.4% from Other

Amorim revenue breakdown by geographic segment: 65.6% from European Union, 17.4% from United States, 6.0% from Other American Countries, 5.4% from Australasia and 5.6% from Other

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Amorim Cybersecurity Score

Cybersecurity ratingPremium dataset

C

73/100

SecurityScorecard logo

Amorim Online and Social Media Presence

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Amorim News and Updates

The Amorim Group Pays Tribute to Américo Amorim

The Amorim Group paid tribute to Américo Amorim on Saturday, December 19, as part of the celebrations of the 150th anniversary of the world’s biggest cork processing group

Amorim Announces Enhancements to Eliminate TCA

The world’s largest cork producer announced a major enhancement to its production process that it claims has reduced the amount of TCA and other sensory contaminants to levels below accepted sensory thresholds

Corticeira Amorim: Extraordinary Bonus Awarded to the Employees for the Company's 150th Anniversary Celebration

In celebrating these 150 years, the Board of Directors decided to award the employees of the Corticeira Amorim Group an extraordinary bonus in the form of a fixed sum, regardless of the duties they perform

Corticeira Amorim Emite 40 Milhões De Euros Em Obrigações Verdes Com Maturidade Em 2025

A Corticeira Amorim concretizou esta quinta-feira a sua primeira emissão de obrigações verdes, vinculadas a objetivos de sustentabilidade, no montante de 40 milhões de euros e com maturidade de cinco anos

Cork From Corticeira Amorim Used Inside Mazdas´s New 200% Electric Car

Cork from Corticeira Amorim is used inside Mazda’s new 100% electric car. Integrated into the lining of MX-30’s console, cork was chosen because it is a natural, sustainable and biodegradable raw material, and thus helps reduce the environmental footprint of the Japanese brand’s latest model

Amorim Cork Composites´ Products Have a Negative Carbon Balance

Amorim Cork Composites commissioned EY to conduct three Carbon Footprint and Life Cycle Assessment studies, which concluded without exception that all the analysed products have a negative carbon balance, when considering the carbon sequestration of the cork oak forest

Amorim Frequently Asked Questions

  • When was Amorim founded?

    Amorim was founded in 1870.

  • Who are Amorim key executives?

    Amorim's key executives are Paulo de Tarso da Cruz Domingues, Rui Paulo Cardinal Carvalho and António Rios de Amorim.

  • How many employees does Amorim have?

    Amorim has 4,424 employees.

  • What is Amorim revenue?

    Latest Amorim annual revenue is €781.1 m.

  • What is Amorim revenue per employee?

    Latest Amorim revenue per employee is €176.6 k.

  • Who are Amorim competitors?

    Competitors of Amorim include Holmen, Pfleiderer Group and Rougier.

  • Where is Amorim headquarters?

    Amorim headquarters is located at R. Meladas 380, Mozelos.

  • Where are Amorim offices?

    Amorim has offices in Mozelos, Anta maria de lamas, Argoncilhe, Ponte de Sor and in 26 other locations.

  • How many offices does Amorim have?

    Amorim has 33 offices.