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The latest update is out from Nicolas Correa ( (ES:NEA) ).
The Correa Group reported historic financial results for 2024, with a turnover of 121 million euros and a profit before taxes of 17 million euros, marking an 11% growth in turnover and a 34% increase in profit. The company plans to propose a record dividend and has made significant investments to expand and modernize its production facilities, positioning itself as a leader in profitability within the European market. Despite nearing full production capacity, the company remains focused on innovation and modernization to support sustainable growth, while addressing challenges posed by the current geopolitical climate.
More about Nicolas Correa
The Correa Group is a leading global manufacturer of large milling machines and industrial components for the machine tool sector. Founded in 1947, Nicolás Correa S.A. is the parent company and is listed on the Madrid Stock Exchange. The company exports around 90% of its production to over 20 countries, supported by a network of distributors and subsidiaries.
YTD Price Performance: 18.44%
Average Trading Volume: 205
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €109.8M
For detailed information about NEA stock, go to TipRanks’ Stock Analysis page.