Oeneo Sa Reports Earnings Results for the Half Year Ended September 30, 2019
December 04, 2019 at 12:00 pm EST
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Oeneo SA announced earnings results for the half year ended September 30, 2019. For the half year, the company announced sales was EUR 143.027 million compared to EUR 130.574 million a year ago. Operating income was EUR 23.024 million compared to EUR 18.376 million a year ago. Net income was EUR 14.846 million compared to EUR 10.853 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 
