Oeneo SA Reports Consolidated Earnings Results for the First Half Ended September 30, 2017
December 11, 2017
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Oeneo SA reported consolidated earnings results for the first half ended September 30, 2017. For the period, the company reported turnover of EUR 135,662,000 compared to EUR 127,750,000 a year ago. Recurring operating profit was EUR 24,672,000 compared to EUR 22,427,000 a year ago. Operating profit was EUR 23,948,000 compared to EUR 20,697,000 a year ago. Profit before tax was EUR 22,678,000 compared to EUR 20,200,000 a year ago. Profit after tax was EUR 15,995,000 compared to EUR 13,736,000 a year ago. Net profit was EUR 16,021,000 compared to EUR 13,653,000 a year ago. Group net profit was EUR 15,996,000 compared to EUR 13,632,000 a year ago. Net cash flow linked to operations was EUR 3,144,000 against EUR 3,430,000 a year ago. Acquisitions of property, plant and equipment and intangible assets were EUR 5,974,000 against EUR 6,788,000 a year ago. Acquisitions of financial assets were EUR 4,000. Net debt as at September 30, 2017 was EUR 63.5 million compared to EUR 79.7 million a year ago. The group's operating profit increased 15.7% due to a drop in non-current expenses.
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 
