(Boursier.com) — In the 1st quarter of 2022-2023, the Group Oeneo continued its growth momentum by recording turnover of 88.3 ME in the 1st quarter, up +14.5% (+13.9% at constant exchange rates).
Both divisions are driving in this performance. The ‘Corking’ activity remains well oriented (67.1 ME; 12.8%), despite an increasingly demanding basis for comparison. It continues to gain market share all over the world. The ‘Livestock’ activity (21.2 ME; +20%) confirms its already visible recovery in the second half of the previous financial year, based in particular on the resumption of investments in the United States.
Outlook
This very good 1st quarter is the perfect start to the 2022-2023 financial year in a complex and uncertain economic climate where controlling inflationary pressures remains the Group’s priority.
Faced with the first signs of a slowdown in the pace of bottling, and logically more moderate growth over the coming quarters given the basis of comparison, the ‘Corking’ division will continue to concentrate its industrial and commercial resources on its ranges with higher added value and continue to implement actions to absorb the growing inflationary impacts. Ahead of its roadmap, the ‘Livestock’ Division is confident about its annual growth targets, but remains vigilant in a context of ever-present inflationary pressures, particularly in timber.
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