The Industrial division designs and produces gantries, travelling columns, as well as bed- and bridge-type milling machines distributed under the Correanayak brand name. The Commercial division is responsible for distribution of milling machines and provision of technical advisory and maintenance services, with operations in Spain, Portugal, Germany, China and the United States.
Cyborg Score Rationale
In 2024, revenue increased 10.59% to €121.61 million with earnings rising 29.96% to €13.70 million, demonstrating solid profitability. Established market position in specialized industrial machinery with global operations, though market cap remains modest.
Top Insights
2024 revenue growth of 10.59% to €121.61M with earnings increasing 29.96% to €13.70M
Focused on high-value applications including aerospace, railway, energy sectors and die/mould manufacturing
Multi-country presence through subsidiaries in Spain, Portugal, Germany, China and US
Dividend yield of 2.64% indicates shareholder returns despite market cap of ~€109M
Named Competitors
CNC Milling Machines — Global leader in machine tool manufacturing
Industrial Machining Solutions — German precision milling machine manufacturer
Heavy Duty Milling Systems — Japanese multinational machine tool producer
Recent Developments
(Dec 2024) Market cap approximately €109-117M with stock trading around €8.98-9.20
(Q2 2024) Revenue of €61.04M with 34.13% growth in first half of year
(2024) Strong earnings growth of 29.96% year-over-year demonstrating operational efficiency
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