on OENEO (EPA:SBT)
Oeneo Annual Financial Review: An Exercise in Economic Resilience
Oeneo revealed its turnover for the 2023-2024 financial year, reaching 305.7 million euros, marked by a decrease of 12% compared to the previous year. This reduction includes a significant decrease in the Livestock division of 28.0% in the 4th quarter, linked to strategic adjustments and corrections of almost 2 million euros. On the other hand, the Corking division is stabilizing with constant activity and a 7% increase in Diam cork sales in the 4th quarter.
Despite a difficult global context, characterized by a general slowdown in wine consumption and persistent inflationary effects, Oeneo was able to confirm the solidity of its economic model with an expected current operating margin close to 14%, slightly higher than that recorded in the first semester.
R. H.
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