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MarketScreener Homepage  >  Equities  >  Euronext Lisbonne  >  Corticeira Amorim    COR   PTCOR0AE0006

CORTICEIRA AMORIM (COR)
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CORTICEIRA AMORIM : Amorim and O-I Launch Wine Packaging Innovation

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06/17/2013 | 12:32pm CEST

HELIX, the cork & glass solution with an 'unexpected twist'

The two global leaders in wine packaging, Amorim and O-I, today announced at Vinexpo the launch of HELIX, an innovative cork-glass wine packaging solution for the popular premium, fast turnaround still wine segment.

The result of a four-year partnership between Amorim and O-I, the development of HELIX drew on both companies' innovation capabilities and expertise in serving global wine markets, gained from a heritage that stretches back over a century.

"The future of innovation is through collaboration," said O-I European President Erik Bouts. "Helix is a proven example of what can be achieved for consumers and the wine trade when the world's leading companies in glass packaging and cork work together."

The new 'twist to open' concept combines an ergonomically-designed stopper made from cork and a glass bottle with an internal thread finish in the neck, creating a high performing and
sophisticated wine packaging solution. HELIX combines all the benefits of cork and glass - quality, sustainability and premium image with user-friendly, re-sealable convenience. It can be
quickly and easily implemented by wineries with only a minor adjustment to the existing filling lines.

"HELIX meets consumers' growing desire for sustainability and quality, while delivering the brand building and premium image packaging wineries rely upon", added Antonio Amorim,
Chairman and CEO of Amorim. "We are delighted to offer the market not only a 100% renewable, modern product, but also a solution that enhances the wine drinking experience
through opening and resealing convenience."

In extensive testing conducted by Amorim and O-I, wine packaged in HELIX glass bottles with cork stoppers showed no alteration in terms of taste, aroma or colour. As part of thE development process, market research in France, UK, USA and China revealed great consumer acceptance of HELIX for fast turnaround and popular premium wines. In addition, consumers also appreciated retaining the festive 'pop' associated with opening a bottle of wine.
For more information on HELIX, visit www.helixconcept.com



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Financials (€)
Sales 2018 760 M
EBIT 2018 113 M
Net income 2018 72,0 M
Debt 2018 66,9 M
Yield 2018 2,77%
P/E ratio 2018 18,50
P/E ratio 2019 17,16
EV / Sales 2018 1,93x
EV / Sales 2019 1,79x
Capitalization 1 402 M
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 13,0 €
Spread / Average Target 22%
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Managers
NameTitle
António Rios de Amorim Chairman & Chief Executive Officer
Nuno Filipe Vilela Barroca de Oliveira Vice Chairman
Luísa Alexandra Ramos Amorim Non-Executive Director
Fernando José de Araújo dos Santos Almeida Executive Director
Cristina Rios de Amorim Baptista Non-Executive Director
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