Corticeira Amorim Q2 Net Profit Down At 20.5 Mln Euros YoY

Corticeira Amorim SGPS SA COR:

• Q2 NET PROFIT 20.5 MILLION EUROS VERSUS 27.6 MILLION EUROS YEAR AGO

• Q2 CURRENT EBITDA 50.8 MILLION EUROS VERSUS 55.9 MILLION EUROS YEAR AGO

• Q2 SALES 266.0 MILLION EUROS VERSUS 279.4 MILLION EUROS YEAR AGO

• WILL BRING TOGETHER THREE BU'S - AMORIM CORK FLOORING, AMORIM CORK COMPOSITES AND AMORIM CORK INSULATION - TO FORM A NEW BU, AMORIM CORK SOLUTIONS

• JOAO PEDRO AZEVEDO, OF AMORIM CORK COMPOSITES, WILL ACCUMULATE ROLE OF CEO OF AMORIM CORK FLOORING AND WILL BECOME CEO OF AMORIM CORK SOLUTIONS FROM JAN 2025