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Oeneo: current operating margin should remain above 16%

(AOF) – Oeneo achieved a turnover of 90.5 million euros during its 4th quarter 2021-2022, up 18.7% compared to the 4th quarter 2020-2021 and 15.6% compared to the 4th quarter of 2019-2020. “This benefited from the very good growth momentum in Corks and confirmed the return to a more buoyant activity in Breeding, after several quarters disrupted by the health crisis and weather conditions”, explained the manufacturer of corks and of barrels.

Over the whole of the 2021-2022 financial year, revenue reached 326 million euros, an increase of 19.5% compared to the previous financial year and 12.2% compared to the financial year 2019-2020.

The group thus easily exceeded the 300 million euro turnover mark for the first time.

Oeneo emphasizes that “this very good level of activity will help to mitigate the impact on the current operating margin of inflationary pressures affecting raw materials, production and logistics costs”. The latter should thus remain at a level above 16% of turnover.

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