on OENEO (EPA:SBT)
OENEO First Quarter 2024-2025 Results: Improving Trend
The OENEO Group announces a turnover of €74.3 million for the first quarter of 2024-2025, down 3.1% compared to last year. This decline is offset by growth in the Corking division, despite persistent difficulties in the Livestock division.
The Closures division benefited from growth of 6.8%, driven by sales of the Diam range, particularly at the high end. Orders in France, Spain, the United States and Italy support this performance.
On the other hand, the Livestock division recorded a 31.8% drop in turnover. This drop is due to an unfavorable economic situation and a delay in sales of oenological wood in the United States.
The start of the financial year is in line with the Group's forecasts, which remains cautious for the coming quarters.
R. H.
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