Brief: OENEO H1 Revenue Up At 158.6 Million Euros

Oeneo SA

08/11/2021 17:31

Nov 8 (Reuters) - Oeneo SA  SABT.PA :
    * VERY GOOD TURNOVER MOMENTUM IN THE FIRST HALF OF THE YEAR:
+20.8%
    * H1 REVENUE EUR 158.6 MILLION VERSUS EUR 131.2 MILLION YEAR
AGO
    * INFLATIONARY PRESSURE ON RAW MATERIALS AND PRODUCTION AND
LOGISTICS COSTS WILL HAVE A GREATER IMPACT IN THE SECOND HALF
    * WINEMAKING: DIVISION STILL AFFECTED BY CONSEQUENCES OF
LAST
YEAR’S WILDFIRES IN U.S., WHICH CONTINUE TO HAMPER INVESTMENTS
MADE BY AMERICAN CLIENTS; RECOVERY IS LIKELY IN 2022
    * WINEMAKING WAS IMPACTED BY MUCH LATER AND MUCH LOWER
HARVESTS
THIS YEAR IN EUROPE, PARTICULARLY IN FRANCE DUE TO SPRING FROSTS
    * WINEMAKING: IN EUROPE, H1 HAD STRONG MOMENTUM OF LARGE
CONTAINERS, WHICH OFFSET IMPACT OF LATER AND LOWER HARVEST
VOLUMES ON CASK SALES, PARTICULARLY IN FRANCE

Source text for Eikon:  ID:nNDL7YpwDt 
Further company coverage:  SABT.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))