Nicolás Correa SA Bundle
Who Really Owns Nicolás Correa SA?
Uncover the ownership secrets of Nicolás Correa SA, a leading Nicolás Correa SA SWOT Analysis. Understanding the ownership structure is key to grasping the company's strategic direction and future prospects. This Spanish manufacturing giant, known for its advanced Correa milling machines, has a fascinating history, and its ownership has evolved significantly over time.
The evolution of ownership at Nicolás Correa SA, a prominent machine tool company, has been marked by pivotal moments that have shaped its trajectory. From its humble beginnings in 1947, the company has grown to become a global player in the industrial machinery sector. Knowing who controls this CNC milling machines manufacturer is crucial for investors and industry watchers alike, offering insights into its long-term vision and market strategy.
Who Founded Nicolás Correa SA?
The story of Nicolás Correa S.A. begins in 1947, with its founder, Baldomero Nicolás-Correa. The company, initially a workshop in Eibar, Spain, started by producing 'Machinas era BC.' This marked the beginning of what would become a significant player in the machine tool industry.
Early growth was evident with the move to new premises in 1952. A pivotal moment came in 1954 when Baldomero Nicolás-Correa partnered with the Swiss firm Kon Burla. This strategic alliance helped the company expand into international markets and gain a competitive edge.
Further expansion followed with the opening of a new plant in Burgos in 1965. The company's trajectory was significantly shaped by the involvement of José Ignacio Nicolás-Correa Barragán, Baldomero's son, who joined the family business in 1969 and eventually took the helm.
Founding
Founded in 1947 by Baldomero Nicolás-Correa in Eibar, Spain.
Early Products
Initially produced 'Machinas era BC' in its early years.
Strategic Partnership
In 1954, an alliance with Kon Burla expanded market reach.
Expansion
Opened a new plant in Burgos in 1965.
Family Involvement
José Ignacio Nicolás-Correa Barragán joined in 1969.
Leadership Transition
José Ignacio Nicolás-Correa Barragán became Chairman after his father's death in 1984.
Key Developments
The evolution of Nicolás Correa SA showcases strategic foresight and adaptability. From its humble beginnings, the company has grown into a significant machine tool company, known for its Correa milling machines and CNC milling machines. The listing on the Madrid Stock Exchange in 1989 provided capital for further expansion. The company's early focus on the Chinese market, beginning in 1984, highlights its commitment to global growth. For more insights, consider reading about the Marketing Strategy of Nicolás Correa SA.
- 1947: Foundation of the company.
- 1954: Strategic alliance with Kon Burla.
- 1965: New plant opens in Burgos.
- 1989: Listed on the Madrid Stock Exchange; production capacity doubled.
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How Has Nicolás Correa SA’s Ownership Changed Over Time?
Since its initial public offering (IPO) on the Madrid Stock Exchange in 1989, Nicolás Correa S.A. has experienced notable shifts in its ownership structure. The company's market capitalization as of December 31, 2024, was approximately $97.4 million USD, reflecting its valuation in the market. This figure increased to $0.13 billion USD by March 2025, indicating growth and investor confidence in the Correa milling machines and overall business performance.
The evolution of ownership has been influenced by various factors, including strategic investments and market dynamics. Key stakeholders and their respective holdings have played a significant role in shaping the company's direction and financial health. The acquisition of a 10% stake by Sancor Capital, S.L. from Doosan Infracore Germany GmbH is a notable example of how ownership changes can impact the company's strategic alliances and market position.
| Stakeholder | Percentage of Shares (December 31, 2024) | Notes |
|---|---|---|
| Nicolás-Correa Family | 29.0% | Significant influence on company direction. |
| Individual Insiders | 4.41% | Includes key management personnel. |
| Institutions | 6.13% | Reflects institutional investor interest. |
| Private Companies | 35.2% | Includes strategic investors. |
As of December 31, 2024, the ownership structure of Nicolás Correa S.A. reveals a diverse group of stakeholders. The Nicolás-Correa Family holds a substantial 29.0% of the shares, followed by private companies with 35.2%, individual insiders with 4.41%, and institutions with 6.13%. Sancor Capital, S.L. and Masaveu Finanzas S.L. are highlighted as key stakeholders with substantial voting rights. These figures reflect the company's ownership distribution and the influence of different investor groups. The company's strong financial performance and focus on technological advancements have allowed it to maintain its position as a European reference in the machine tool segment, as highlighted in Target Market of Nicolás Correa SA.
Financial Performance and Strategic Focus
In 2024, Nicolás Correa S.A. reported a revenue of €121.49 million, marking an 11% increase from the previous year. The company's net income reached €13.7 million, reflecting a 34% rise in pre-tax profit. This financial success is supported by a net cash position of approximately €20 million in 2024.
- The company's revenue growth demonstrates its ability to compete in the market.
- The increase in net income highlights the company's operational efficiency.
- The strong net cash position indicates financial stability.
- These factors collectively contribute to the company's sustained growth.
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Who Sits on Nicolás Correa SA’s Board?
As of May 30, 2024, the Board of Directors of Nicolás Correa S.A. included Bibiana Nicolás Correa Vilches as Chairman and Jaime Nicolás Correa Vilches as Vice-President. Maria del Carmen Pinto Fuentes serves as the Managing Director, Chief Executive Officer, and Executive Director. The board also comprises independent directors like Rafael Miranda Robredo and Alfredo Sáenz Abad, alongside external directors such as Felipe Oriol Díaz de Bustamante. Ana Nicolás-Correa Barragán holds the position of Secretary of the Board.
The decisions of the board are adopted by a majority vote of the directors present or represented. The company, a key player in the Growth Strategy of Nicolás Correa SA, focuses on the manufacturing of high-quality CNC milling machines and other industrial machinery. This structure ensures strategic direction and effective governance, crucial for navigating the competitive landscape of the machine tool company.
| Board Member | Position | Role |
|---|---|---|
| Bibiana Nicolás Correa Vilches | Chairman | Oversees strategic direction |
| Jaime Nicolás Correa Vilches | Vice-President | Supports the Chairman |
| Maria del Carmen Pinto Fuentes | Managing Director, CEO, Executive Director | Manages daily operations and strategic initiatives |
| Rafael Miranda Robredo | Independent Director | Provides independent oversight |
| Alfredo Sáenz Abad | Independent Director | Provides independent oversight |
| Felipe Oriol Díaz de Bustamante | External Director | Contributes external expertise |
| Ana Nicolás-Correa Barragán | Secretary of the Board | Manages board administration |
In 2024, José Ignacio Nicolás-Correa Barragán, the former Chairman, received compensation of €231,000. The company also has an Appointments and Salary Committee and an Audits and Monitoring Committee, with Alfredo Saenz chairing the latter and Rafael Miranda chairing the former. A delivery plan of Nicolás Correa, S.A.'s shares as part of the CEO's remuneration was approved in 2023, spanning three fiscal years: 2023, 2024, and 2025. This reflects the company's commitment to aligning executive compensation with long-term performance and shareholder value.
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What Recent Changes Have Shaped Nicolás Correa SA’s Ownership Landscape?
Over the last few years, Nicolás Correa S.A. has seen significant developments. The company reported record-breaking financial results for 2024, with revenues reaching €121.5 million, marking an 11% increase. Pre-tax profits also rose substantially, reaching €17 million, a 34% increase. This strong performance led to a proposed dividend of €0.30 per share for fiscal year 2024, an 11% increase from the previous year, which was approved at the General Meeting on May 29, 2025. These positive financial outcomes highlight the company's strong position in the Competitors Landscape of Nicolás Correa SA and its ability to capitalize on market opportunities.
In terms of ownership, Sancor Capital S.L. acquired a 10% stake in Nicolás Correa, S.A. from Doosan Infracore Germany GmbH. Furthermore, the Correa Group completed the acquisition of an 88% stake in Nc Service Milling Machines from Inmobiopres Holding, S.A. for €2.42 million. There have also been share buybacks, with the company announcing an equity buyback for 5% of its issued share capital. These changes reflect strategic adjustments and investments within the company.
A major leadership change occurred with the passing of the Chairman of the Board of Directors, José Ignacio Nicolás-Correa Barragán, in May 2024. Bibiana Nicolás Correa Vilches was appointed Chairman, and Jaime Nicolás-Correa Vilches was re-elected as Vice President for four years in May 2025. The company is focused on technological advancements, automation, and global expansion. Nicolás Correa S.A. has invested €8 million in capital expenditures in 2024, aiming to increase production by 15% by the end of 2025. The company exports around 90% of its production to over 30 countries, emphasizing its global reach and commitment to growth.
Financial Performance
Nicolás Correa S.A. demonstrated strong financial performance in 2024, with revenues of €121.5 million, an 11% increase. Pre-tax profit grew to €17 million, a 34% increase. The company proposed a dividend of €0.30 per share, an 11% increase.
Ownership Changes
Sancor Capital S.L. acquired a 10% stake in Nicolás Correa, S.A. The Correa Group acquired an 88% stake in Nc Service Milling Machines. The company also announced a share buyback for 5% of its issued capital.
Leadership and Expansion
Bibiana Nicolás Correa Vilches became Chairman after the passing of José Ignacio Nicolás-Correa Barragán. The company invested €8 million in capital expenditures in 2024. Exports account for around 90% of production, reaching over 30 countries.
Industry Trends
The industry focus is on technological advancements, automation, and global expansion. Nicolás Correa S.A. is strategically focused on high-growth sectors. The company aims to boost production by 15% by the end of 2025.
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