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    NEA   ES0166300212

NICOLÁS CORREA, S.A.

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Nicolás Correa S A : Nicolás Correa and Catoire-Semi celebrate twenty years of partnership

03/11/2020 | 06:04am EDT

Correa milling machines' robustness, precision and the quality of after-sales service made a difference for this SME

Since 2000, when Catoire-Semi acquired the first Correa machine, this family company from France has trusted in the Spanish manufacturer as main supplier. Nowadays, it has twelve machines in its workshop, nine of them are from the Correa brand, used for the machining of large parts.

The Correa machines offer a great rigidity and precision, which is an essential requirement for hard roughing works with materials like Inconel and titanium, used in the aeronautical sector. This sector means for Catoire two thirds of its turnover, and the remaining business is completed with the automotive sector. In both of them they manufacture forging dies and foundry moulds as well as pre-machined forges for aeronautics.

The last machine arrived to Catoire, the FOX, is a milling machine with Y travel 4250 mm and X travel 6000 mm. It is equipped with 2 milling heads with automatic head changer: UAD head and E5E head, 2 axes contouring head with 20000 rpm. Both milling heads are the perfect combination for high roughing and finishing performance and accurate machining meeting Catoire needs. In addition to that, a close and top class After-Sales service, have built this long-term relationship.

Read the full article from Machines Production here:

Disclaimer

Nicolas Correa SA published this content on 11 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 March 2020 11:03:00 UTC


© Publicnow 2020
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Financials
Sales 2021 73,2 M 86,1 M 86,1 M
Net income 2021 6,50 M 7,65 M 7,65 M
Net cash 2021 4,10 M 4,83 M 4,83 M
P/E ratio 2021 11,2x
Yield 2021 3,02%
Capitalization 68,1 M 80,1 M 80,1 M
EV / Sales 2021 0,87x
EV / Sales 2022 0,77x
Nbr of Employees 346
Free-Float 59,1%
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Number of Analysts 1
Last Close Price 5,62 €
Average target price 7,25 €
Spread / Average Target 29,0%
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