2023-2024 annual results: Oeneo maintains a current operating margin of 14%

The Oeneo group, a specialist in the wine industry, recorded a turnover of €305.7 million for the 2023-2024 financial year, down 12.2% compared to the previous year. This decline is explained by a slowdown in volumes and customer investments, impacted by global wine consumption and unfavorable weather conditions.

Despite this context, Oeneo maintains a current operating margin of 14%, in line with expectations. The Corking division was particularly affected but showed signs of recovery in the last quarter. The Livestock division, although less affected, also saw its turnover decrease.

Net profit, group share, stood at €28.9 million, down 29.9%. Rigorous cash flow management made it possible to generate operating cash flow of €48.7 million, largely covering investments of €21.1 million. Shareholders' equity amounts to €315.0 million with debt under control at €64.2 million.