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NICOLÁS CORREA, S.A.

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Nicolás Correa S A : Nicolás Correa closes the CIIE with the sale of three machines

11/11/2020 | 03:23am EDT

The CIIE 2020 has been very successful to Correa Group with a large number of new projects and three milling machines sold during the exhibition

The China International Import Expo 2020, held between the 5th and 10th of November in Shanghai, has been very positive for Correa Group with the sale of three milling machines and several new projects.

The 6th of November took place the signing ceremony of the machine exhibited at Correa's booth. Bridge machine FOX has been acquired by the aeronautics company HanZhong Wanli Aviation Equipment Manufacturing based in Shanxxi province. The FOX-60 is equipped by two milling heads E5E and UAD; it also has automatic head changer.

Moreover during CIIE 2020, Correa has signed other two machines, a milling machine gantry VERXA M-155 for the wind power sector and a bridge type machine FOX-40 equipped with C5E milling head for aeronautics sector.

Nicolás Correa has been present in the three editions of this fair that takes place annually since 2018, always with excellent results. The CIIE is one of the prominent events of the year in the country; it is promoted by the President Xi Jinping and gathers companies from more than 150 countries and around 500,000 Chinese buyers.

Disclaimer

Nicolas Correa SA published this content on 10 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2020 08:22:04 UTC


© Publicnow 2020
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Sales 2021 73,2 M 85,8 M 85,8 M
Net income 2021 6,50 M 7,62 M 7,62 M
Net cash 2021 4,10 M 4,81 M 4,81 M
P/E ratio 2021 11,1x
Yield 2021 3,06%
Capitalization 67,4 M 78,9 M 78,9 M
EV / Sales 2021 0,86x
EV / Sales 2022 0,76x
Nbr of Employees 346
Free-Float 59,1%
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Last Close Price 5,56 €
Average target price 7,25 €
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