Oeneo Sa Reports Earnings Results for the Half Year Ended September 30, 2020
December 02, 2020
Share
Oeneo SA announced earnings results for the half year ended September 30, 2020. For the half year, the company announced sales was EUR 131.218 million compared to EUR 143.027 million a year ago. Operating income was EUR 20.743 million compared to EUR 23.024 million a year ago. Net income was EUR 14.177 million compared to EUR 14.846 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 
