Nicolás Correa, S.A. Reports Earnings Results for the Full Year Ended December 31, 2020
February 26, 2021 at 10:06 am
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Nicolás Correa, S.A. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was EUR 66.523 million compared to EUR 73.961 million a year ago. Operating income was EUR 6.496 million compared to EUR 8.169 million a year ago. Net income was EUR 5.763 million compared to EUR 8.050 million a year ago. Basic earnings per share from continuing operations was EUR 0.474 compared to EUR 0.656 a year ago.
Nicolas Correa SA is a Spain-based company primarily engaged in the design and manufacture of milling machines. The Company mainly specializes in the provision of milling solutions for the manufacturers of dies and large moulds, monolithic elements for aerospace, railway, as well as energy and general mechanical sectors, among others. The Company's activities are divided into two segments: Industrial and Commercial. The Industrial division designs and produces gantries, travelling columns, as well as bed- and bridge-type milling machines, which are distributed under the Correanayak brand name. The Commercial division is responsible for the distribution of its milling machines, as well as provision of technical advisory and maintenance services. The company operates in Spain, Portugal, Germany, China and the United States, among others, through a number of subsidiaries, such as NC Manufacturing SA, Nicolas Correa Deutschland GmbH and Tiger Machinery Parts Co.