Brief: Oeneo H1 Group Net Profit Up At EUR 14.8 Million

Oeneo SA

04/12/2019 17:41

Dec 4 (Reuters) - Oeneo SA  SABT.PA :
    * STRONG GROWTH IN THE FIRST HALF OF THE YEAR: +9.5%
    * H1 GROUP NET PROFIT EUR 14.8 MILLION VERSUS EUR 10.9
MILLION
(ADJUSTED) YEAR AGO
    * H1 OPERATING PROFIT EUR 23.0 MILLION VERSUS EUR 18.4
MILLION
(ADJUSTED) YEAR AGO
    * H1 REVENUE EUR 143.0 MILLION VERSUS EUR 130.6 MILLION
(ADJUSTED)
YEAR AGO
    * H1 NET DEBT EUR 80.6 MILLION VERSUS EUR 74.6 MILLION
(ADJUSTED)
YEAR AGO
    * GROUP INTENDS TO MAINTAIN THIS MOMENTUM IN THE SECOND HALF
OF
THE YEAR, CAPITALIZING ON ITS GLOBAL SALES PERFORMANCE AND THE
GRADUAL EASING OF CORK COSTS
    * CASH FLOW GENERATION SHOULD ALSO HELP BRING THE NET
GEARING DOWN
BY THE END OF THE YEAR
    * OUTLOOK 2019: CONFIRMS CONTINUATION OF STRONG MOMENTUM
INTO THE
SECOND HALF, IN LINE WITH DIVISION’S MEDIUM-TERM GOAL OF
PROGRESSIVELY ARRIVING AT EUR 100 MILLION IN TURNOVER THANKS TO
SOLID OPERATING PERFORMANCE

Source text: https://bit.ly/34Posun
Further company coverage:  SABT.PA 

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