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Oeneo will pay an exceptional dividend of 0.30 euro per share

(AOF) – Over the whole of the 2021-2022 financial year, Oeneo recorded net income group share up 17.9% to 37.1 million euros. The manufacturer of wine corks and barrels for wine and whiskey also achieved record operating profit at 54 million euros, up 17.4%. The current operating margin thus stood at 16.6% of turnover, “in line with the group’s objectives”.

Already published, turnover reached 326 million euros, an increase of 19.5%.

Backed by a very healthy financial situation and the group’s structural cash flow generation, the Board of Directors will propose to the next General Meeting the payment in cash of an ordinary dividend of 0.30 euro per share and an exceptional dividend of €0.30 per share for the 2021-2022 financial year.

For the 2022-2023 financial year, the Oeneo Group is confident of the continuation of its development, with however a more moderate growth rate given a demanding basis of comparison and a complex economic and geopolitical context. The manufacturer of wine stoppers and barrels for wine and whiskey also continues to pay close attention to its costs to preserve its current operating profitability.

In a longer-term perspective, to cope with the growth of the closures business, the group is preparing to launch the construction of a new production capacity for Diam closures for an investment of around 25 million euros. , which should be spread over a period of three years.

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