(AOF) – Oeneo achieved a turnover of 80.1 million euros, down 7.1% in the fourth quarter of 2023-2024. Its “capping” activity recorded a stable turnover of 64.4 million euros. It benefited from “the end of distribution stock adjustments and a recovery in sales at the high end”. The “breeding” activity (barrels) saw its revenues fall by 28% to 15.7 million euros.
This development “takes into account the correction of nearly 2 million euros in turnover (linked to the internalization of distribution in a country) and the planned drop in “timber trading” activity (impact of -0.7 million over the quarter).
Oeneo “thus closes a financial year where the group had to face the slowdown in customer investments and stock adjustments at most distributors in a context marked by the decline in wine consumption worldwide.”
Despite these elements and the persistence of inflationary effects, the company specializing in wine cooperage and corking plans to deliver a current operating margin close to 14%, slightly higher than that of the first half. It previously anticipated an annual current operating margin rate identical to that of the first half, i.e. at 13.1%.
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