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    NEA   ES0166300212

NICOLÁS CORREA, S.A.

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Product Run-off: Correa FOX, AXIA and FENIX

12/12/2017 | 08:14am EDT

Successfull run-off of different Correa milling machines by some of our European customers.

Nicolás Correa S.A. has successfully delivered different Correa milling machines to some of our main European customers.

On 2 November, the German customer E-FORM ENNEPETALER, a manufacturer focused on the machining of gear boxes, machine frames, oil tanks for ship engines and moulds, received a bridge-type milling machine; the FOX -40, a new and innovative concept of bridge-type machine which combines traditional roughing capacity with the speed and precision of high performance machining. A Correa AXIA-55 milling machine type was delivered to the German customer WFKS, a high level manufacturer of tooling machining and structural parts. This kind of milling machine is an example of pure box-in-box concept, combining an innovative ram droop mechanical system with a unique ram guiding system.

Switzerland customer ODERMATT, leadership in the field of wood production, acquired a FENIX-70, a new concept of travelling column machine with lateral ram. This milling machine has a system of L-guided ram that makes it highly robust and a mechanical system of ram droop correction that increases its precision. At the end of November the Czech customer TARTRA, an automotive manufacturer focused on truck production, got a FENIX-55, a flexible machine appropriate for roughing and finishing operations.

At the same time, our French customer Catoire, forging mould manufacturer for Aeronautic and Automotive sector, received a Correa FOX-60 that includes a unique system which controls the temperature generated in the vertical axis of the machine.

Finally on 5 December, the Spanish group INMAPA, reference company in the development of key on hands projects for capital goods and industrial installations, acquired a Correa FOX-50 bridge type milling machine.

Nicolas Correa SA published this content on 12 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 December 2017 13:13:07 UTC.


© Publicnow 2017
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Financials
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 10,7x
Yield 2021 3,17%
Capitalization 65,0 M 76,1 M 76,1 M
EV / Sales 2021 0,83x
EV / Sales 2022 0,73x
Nbr of Employees 346
Free-Float 59,1%
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Last Close Price 5,36 €
Average target price 7,25 €
Spread / Average Target 35,3%
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