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OENEO – STRONG GROWTH IN THE THIRD QUARTER 2022-2023: +15.3%; CONTINUATION OF GOOD MOMENTUM IN BOTH DIVISIONS – 2023/01/23 6:00 PM

Turnover (M) 2022-2023 2021-2022 Variation Var at fixed alternate charge
3th quarter 88.7 76.9 +15.3% +14.5%
Of which Corking 61.3 53.5 +14.5% +14.5%
Of which Livestock 27.4 23.4 +17.1% +14.7%
9 months 261.9 235.5 +11.2% +10.3%
Of which Corking 180.2 165.3 +9.0% +8.9%
Of which Livestock 81.8 70.2 +16.4% +13.3%

The Oeneo Group achieved an excellent third quarter 2022-2023 with income of €88.7 million, up +15.3% (+14.5% at fixed alternate charges). Each divisions contributed equally to development on this quarter. Livestock confirms the excellent momentum recorded for the reason that starting of the monetary yr and Closures returned to double-digit development over this era, benefiting particularly from anticipated orders in sure geographical areas.

This quarterly change brings 9-month 2022-2023 income to €261.9 million, a rise of +11.2% in comparison with the identical interval 2021-2022 (+10.3% at fixed alternate charge). ). The 2 actions every achieved the very best 9-month turnover of their historical past.

The advance taken after 9 months confirms the Group’s confidence in its market plan, which anticipates a marked slowdown on the 4th quarter given a demanding foundation of comparability and anticipated orders for the threeth quarter. Oeneo thus continues to show in 2022-2023 the solidity of its improvement mannequin, which will likely be coupled with the resilience of its operational efficiency within the inflationary context.

Feedback by Division

BOUCHAGE: Sustained development within the third quarter

The Division achieves an excellent 3th quarter with gross sales of €61.3 million, up 14.5% regardless of much less favorable financial situations as a result of low harvests of the earlier yr and logistical disruptions which nonetheless have an effect on sure prospects (slowdown in bottling as a result of scarcity of glass bottles).

This quarterly efficiency was primarily based on a slight enhance in Diam gross sales volumes, centered on high-end closures in accordance with the premium technique and on a value impact linked to cost will increase handed in 2022 within the face of value inflation. . Orders had been additionally positioned prematurely earlier than the applying of the 2023 tariffs.

This efficiency brings 9-month income to €180.2 million, representing development of +9.0%. All ranges mixed, the division has marketed greater than 1.9 billion cork stoppers for the reason that starting of the monetary yr.

The Division expects a 4th quarter near the excessive stage of gross sales achieved through the earlier monetary yr, which is able to enable it to succeed in a brand new annual turnover file throughout this monetary yr. Consideration additionally stays centered on the mandatory value management to keep up a strong stage of working profitability.

BREEDING: Continued development momentum within the third quarter

The Breeding exercise confirms on 3th quarter its excellent industrial momentum with a rise in its turnover of +17.1% to €27.4 million, according to the efficiency recorded for the reason that starting of the monetary yr.

This quarter was marked particularly by a pointy enhance in gross sales in North America, particularly of barrels, confirming the Division’s skill to grab alternatives arising from the resumption of investments on this space after a number of troublesome years (covid, fires …). Enterprise in Europe remained very strong and rising over the interval, whereas orders for giant containers will likely be extra concentrated within the final quarter of this monetary yr.

9-month turnover amounted to €81.8 million (+16.4% and +13.3% at fixed alternate charges). The 4th quarter ought to logically be down given a very demanding foundation of comparability (as a reminder +24% development in This fall 2021-2022) however according to the event plan which goals to succeed in, for the primary time, the €100 million in turnover over 12 months for this exercise.

The Oeneo Group proclaims that it has taken a strategic stake of 4.8% within the American firm Bloomfield Robotics, a specialist in picture evaluation by synthetic intelligence (AI). This fairness funding goals to speed up its personal initiatives, particularly within the improvement of a brand new diagnostic software for the winery, in response to local weather change. Agronomic, oenological and industrial synergies will likely be regularly carried out with Vivelys.

The Oeneo group will publish its annual turnover for the 2022-2023 monetary yr on Could 10, 2023

Concerning the OENEO Group

OENEO is a serious participant within the wine sector, due to its high-end and revolutionary manufacturers. Current all through the world, the group covers all levels of winemaking, with two main and complementary divisions:

Closures, with the manufacture and advertising of technological corks with excessive added worth, particularly the DIAM vary and the PIETEC vary

Getting older, by offering top-of-the-range options for getting older wine or spirits with its cooperage manufacturers Seguin Moreau, Boisé, Millet, Wonderful Northern Oak and Galileo to the primary gamers out there and by creating with Vivelys revolutionary options in wine service (R&D, consulting, programs).

Passionate in regards to the artwork and tradition of wine, conscious of the urgency of environmental and societal challenges, satisfied that enlightened innovation should serve the frequent good, we need to use our know-how and very important forces within the service of sustainable improvement. of the wine sector. We innovate to perpetuate the nice historical past of wine.

WE CARE ABOUT YOUR WINE

INFORMATION AND PRESS RELATIONS

Oeneo Finance information
Philippe Doray
Administrative and monetary director
+33 (0) 5 45 82 99 93
Guillaume Le Floch
Analysts – Buyers
+33 (0) 1 53 67 36 70
Fatou-Kine N’Diaye / Nawel Naamane
Press – Media
+33 (0) 1 53 67 36 34

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