Nicolás Correa, S.A. Reports Earnings Results for the Half Year Ended June 30, 2021
August 31, 2021 at 08:10 am EDT
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Nicolás Correa, S.A. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was EUR 37.948 million compared to EUR 33.106 million a year ago. Operating income was EUR 3.684 million compared to EUR 3.403 million a year ago. Net income was EUR 2.676 million compared to EUR 2.539 million a year ago. Basic earnings per share from continuing operations was EUR 0.22 compared to EUR 0.21 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.
NICOLÁS CORREA, S.A. 
