Brief: Oeneo FY Turnover Up At 290 Million Euros

Oeneo SA

04/05/2020 17:14

May 4 (Reuters) - OENEO SA  SABT.PA :
    * COVID-19 CRISIS: VERY LIMITED IMPACT ON THE END OF THE
2019-2020
FINANCIAL YEAR ANNUAL - TURNOVER UP 7.8% TO EUR 290 MILLION
    * GROUP'S RECURRING OPERATING MARGIN FOR THE FULL YEAR IS
EXPECTED
TO STAND AT AROUND 15%
    * BOARD OF DIRECTORS WILL PROPOSE NOT TO PAY A DIVIDEND FOR
2020
AT THE ANNUAL GENERAL MEETING TO BE HELD IN BORDEAUX IN
SEPTEMBER
    * CONSEQUENCES OF THE ONGOING HEALTH CRISIS AND ITS NEGATIVE
IMPACTS ON GLOBAL WINE CONSUMPTION, PARTICULARLY DUE TO CLOSURES
OF BARS, HOTELS AND RESTAURANTS, WILL OF COURSE HAVE A GREATER
IMPACT ON THE FINANCIAL YEAR 2020-2021
    * IMPOSSIBLE TO MAKE PROJECTIONS AS TO THE GROUP'S TURNOVER
AND
PROFITABILITY
    * TURNOVER OF €78.3 MILLION IN THE FOURTH QUARTER OF
2019-2020

Source text for Eikon:  ID:nACT63346 
Further company coverage:  SABT.PA 

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