Oeneo Sa Reports Consolidated Earnings Results for the First Half Ended September 30, 2018
December 05, 2018
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Oeneo SA reported consolidated earnings results for the first half ended September 30, 2018. For the period, the company reported turnover was EUR 129,985,000 as compared to EUR 125,436,000 a year ago. Operating profit was EUR 17,986,000 as compared to EUR 24,648,000 a year ago. Profit after tax was EUR 12,296,000 as compared to EUR 16,739,000 a year ago. Group net profit was EUR 10,853,000 as compared to EUR 15,996,000 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 
