Oeneo SA Reports Earnings Results for the Half Year Ended September 30, 2021
December 06, 2021 at 03:04 am EST
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Oeneo SA reported earnings results for the half year ended September 30, 2021. For the half year, the company reported sales was EUR 158.56 million compared to EUR 131.22 million a year ago. Net income was EUR 18.06 million compared to EUR 14.18 million 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 
