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Oeneo — Earnings Release 2013
May 7, 2014
1567_iss_2014-05-07_8a30f613-0ce2-48f8-8e37-c9152735f9c8.pdf
Earnings Release
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7 May 2014
Strong growth in 2013-14: +13% Record sales for Closures Sound performance by Barrels
| In € million | 2012-13 | 2013-14 | Change | Like-for-like change* |
|---|---|---|---|---|
| 4th quarter | 37.1 | 40.5 | +9.3% | +10.6% |
| o/w Closures | 23.9 | 27.7 | +15.8% | +17.1% |
| o/w Barrels | 13.1 | 12.8 | -2.5% | -1.4% |
| 12 months | 134.7 | 151.0 | +12.1% | +13.2% |
| o/w Closures | 79.4 | 93.4 | +17.7% | +18.5% |
| o/w Barrels | 55.3 | 57.5 | +4.2% | +5.5% |
*At constant exchange rates
Oeneo's solid performance in the final quarter of 2013-14 saw the Group finish the year on a high with an outstanding annual growth rate of 13.2%.
The Closures division's growing market share around the world set a new record in annual sales, while the Barrels division enjoyed a return to growth over the period as a whole, despite a slight dip in the fourth quarter.
This dynamic activity will enable Oeneo to continue improving its economic performance and investing in new capacity.
Closures: New record annual sales for DIAM closures
Diam closures sales reached a new all-time high in 2013-14, with volumes up 25% on the previous year. Close to 900 million units were sold over the period, including 276 million in the fourth quarter alone. With orders continuing to flow in from across the globe and a particularly high success rate in the United States and Europe, the Diam range now accounts for over 80% of division turnover.
As such, current volumes for Diam closures more than justify Oeneo's decision to extend its production capacities with the future Diamant plant in Céret which is scheduled to be commissioned in mid-2015.
All told, the Closures division passed anew symbolic mark with over 1.1 billion closures sold over the full year.
Barrels: Growth and improved operational performance
Oeneo's Barrels division enjoyed good growth in 2013 like-for-like despite a less dynamic end to the wine year in Australia and South America linked to late and low harvest volumes. 2013-14, with turnover increasing 5.5% like strategy for innovation and new market share, particularly 14, tegy digit its plan to improve
This growth stems from a proactive stra in France, Europe and North America.
Wooden products for the wine industry continued to deliver double of persistently buoyant client demand, and the division continued with it profitability. double-digit growth on the back
Next publication:
Oeneo Group will publish its full year 2013 2013-14 results on 5 June 2014 before the markets open. 14
About Oeneo Group
Oeneo Group is a major wine industry player. It has a global presence and specializes in two complementary businesses:
• Closures, involving the manufacture and sale of high value closure, an innovation with no equivalent on the market; value-added technological closures, including the DIAM added
• Barrels, providing high-end solutions for aging wines and spirits for leading market players. quivalent end
Contacts
Oeneo: Hervé Dumesny +33 (0)1 44 13 44 39
Actus Finance:
Guillaume Le Floch +33 (0)1 72 74 82 25 Analysts Alexandra Prisa +33 (0)1 53 67 35 79 Media Relations - Investors