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Grupo Correa increases its order intake by 37% in the first half of the year and maintains record profit margins despite global uncertainty
The Burgos-based multinational achieves results in line with the previous financial year, maintains operating margins and consolidates its philosophy of prioritising profitability as a strategy in an increasingly challenging market. Order intake grows to €59.7 million, bringing the backlog to €80.7 million and ensuring sustained activity for the coming months. Liquidity and a solid financial position have enabled the Group to move forward with its expansion plans while ensuring its commitment to shareholder remuneration. The Group continues to rely on sales diversification, both by sector and by market, seeing strength in the performance of the United Kingdom and Italy, as well as in the defence and aeronautics sectors.
Annual General Meeting of Shareholders
The Board of Directors of the Company has resolved to call the General Shareholders’ Meeting to be held on May 28th 2025, at 12:00 p.m. at the Company’s registered office, located in Calle Alcalde Martin Cobos nº 16-A, Burgos, on first call, and, if the quorum is not reached, in the same place on May 29th 2025, at 12:00 p.m., on second call.
The Correa Group achieves historic turnover and profit figures in 2024, with revenues of 121 million euros and a pre-tax profit of 17 million euros
The Correa Group closes 2024 with a record 11% growth in turnover and a 34% increase in results. It increases its operating profit by 31% to reach an EBITDA of 18.5 million euros and will propose a record dividend of 0.30 euros per share. It activates important investments to expand and modernise its production facilities.
Inauguration of technical assistance centre in Chengdu
Our president Bibiana Nicolás-Correa inaugurated yesterday, the new technical assistance centre of Nicolás Correa S.A. in the Chinese city of Chengdu. A service centre oriented to the aeronautical sector where Nicolás Correa S.A. has a large number of customers TIER-1 and TIER-2 suppliers in the aeronautical sector.
Appointment of President and Vice-President
Nicolás Correa S.A. appoints Bibiana Nicolás Correa Vilches and Jaime Nicolás Correa Vilches as President and Vice-President of the Board of Directors of the Company.
The Correa Group deeply regrets to announce the loss of the Chairman of its Board of Directors, Mr. Jose Ignacio Nicolás Correa Barragán.
Nicolás Correa S.A., all its subsidiaries, its Board of Directors, its management teams and all its employees mourn his loss today. They will always be grateful for the commendable work carried out by their President, his dedication and contributions in the performance of his duties and convey their condolences to his family and friends.
