Brief: Oeneo Q1 Revenue Down At 57.9 Million Euros

Oeneo SA

21/07/2020 17:08

July 21 (Reuters) - Oeneo SA  SABT.PA :
    * FIRST QUARTER TURNOVER : COVID-19 IMPACT IN LINE WITH
EXPECTATIONS
    * Q1 REVENUE EUR 57.9 MILLION VERSUS EUR 68.3 MILLION YEAR
AGO
    * BEGINNING OF 2020-2021 FY STRONGLY IMPACTED BY COVID-19
HEALTH
CRISIS, SLOWED BUSINESS FOR BOTH OF GROUP'S DIVISIONS
    * SINCE CONFINEMENT MEASURES HAVE EASED, GROUP'S BUSINESS
HAS BEEN
GRADUALLY RECOVERING TO PRE-COVID LEVELS
    * WINEMAKING IS AIMING TO RECOVER GROUND LOST IN Q1 OVER
FULL YEAR
    * CLOSURES: CATCH-UP EFFECT AND SALES INITIATIVES SHOULD
ENABLE
DIVISION TO MAKE UP SOME OF GROUND LOST IN Q1, ASSUMING THAT
HEALTH CRISIS CONTAINED ON GLOBAL SCALE

Source text for Eikon:  ID:nACT64370 
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