Oeneo Reports Consolidated Earnings Results for the Year Ended March 31, 2017
June 12, 2017 at 02:01 pm EDT
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Oeneo reported consolidated earnings results for the year ended March 31, 2017. For the year, the company reported turnover of EUR 246,581,000 compared to EUR 211,282,000 a year ago. Operating profit was EUR 38,385,000 compared to EUR 34,435,000 a year ago. Pre-tax profit was EUR 37,296,000 compared to EUR 32,678,000 a year ago. Net profit was EUR 26,459,000 compared to EUR 23,532,000 a year ago. Net debt was EUR 50.0 million compared to EUR 75.0 million a year ago. Net cash flow linked to operations was EUR 39,531,000 against EUR 19,795,000 a year ago.
Oeneo is the world's No. 1 of cooperage for winemaking and the world's No. 2 of wine corking products. Net sales break down by family of products as follows:
- corking products (70.2%): primarily high-tech cork stoppers for still wines, sparkling wines, and fortified wines, for the Diam and PIETEC lines;
- cooperage (29.8%): casks, barrels, tanks, drums and alternative products (powders, wood chips, and staves) marketed under the Seguin Moreau, Boisé, Tonnellerie Millet, Fine Northern Oak and Galileo brands.
Net sales are distributed geographically as follows: France (28.7%), Europe (39%), America (25.1%), Oceania (1.7%) and other (5,5%).
OENEO 
