Corticeira Amorim, the global market leader in cork applications, faced a financially challenging 2025. Although total group revenue fell by more than 8 per cent, the flooring solutions division was hit the hardest. Nevertheless, management describes the year as one of "disciplined execution", with a strong focus on profitability and substantial debt reduction laying the groundwork for recovery in the interior sector.
The consolidated annual results for 2025 show total revenue of €861 million (a decrease of 8.3 per cent). This decline reflects the cooling of the international construction and housing markets. According to CEO António Rios de Amorim, the year was characterised by a high degree of uncertainty, with both consumers and corporate buyers adopting a more conservative purchasing policy.
© Wicanders Wise
Flooring and interior solutions most affected
The Amorim Cork Solutions division, which includes flooring and interior activities, reported a revenue decline of as much as 24 per cent. Although the sale of Timberman Denmark explains part of this figure, the annual report emphasises that reduced activity levels in the international flooring market were the primary cause.
To absorb this pressure, the group has implemented a new organisational model. In this structure, the 'non-stopper' activities (such as flooring and insulation) have been consolidated into a single Business Unit. This is intended to deliver a more efficient cost structure and a faster innovation cycle for the residential sector.
Key financial figures 2025
Despite the revenue contraction, the group managed to keep profit margins relatively stable through strict cost control and more favourable purchasing prices for raw cork.
© Amorim Cork Solutions
Focus on consolidation and sustainability
Despite lower volumes, cash flow generation remained particularly strong at €176 million. This enabled Corticeira Amorim to reduce net debt by almost €120 million. Management views this solid financial base as a crucial competitive advantage for regaining market share in 2026.
"We believe that our strong balance sheet enables us to face the current challenges," said António Rios de Amorim. "We will continue to invest in differentiation through innovation and sustainability, thereby guaranteeing long-term value for our partners in the flooring and interior sectors."
More information:
Corticeira Amorim
www.amorim.com
Wicanders Wise
www.wicanders.nl
