(AOF) – Over the 2023-2024 financial year, Oeneo recorded a decline of 29.9% in its net profit, group share, to 28.9 million euros. The group achieved a current operating profit down 21.7% to 42.8 million, or a current operating margin of 14%, down 1.6 points. “This development is explained by a slight erosion of the gross margin, demonstrating the group’s capacity to absorb increases in raw materials and by a less good mechanical absorption of fixed costs given the drop in activity,” explained the group specializing in cooperage and corking.
Already published, turnover fell by 12.2% to 305.7 million euros.
The board of directors will propose at the next general meeting the payment in cash of an ordinary dividend of 0.35 euros for the 2023-2024 financial year.
“For the 2024-2025 financial year, Oeneo will continue to deploy its strategy focused on high-end segments and innovation, while continuing to control its operational costs in order to protect its current operating profitability” indicated the company regarding of its prospects.
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