Oeneo - Diam returns to growth in Q4
Q4 sales down 7% on a reported and organic basisCapping sales stable with a 7% increase in Diam sales, end of destocking by distributorsBreeding sales down 28%: internalization of part of U.S. distribution, decline in wood trading and delay in sales of large containersAnnual recurring EBIT margin estimated at 14% (vs. around 13% previously): Capping recurring EBIT margin above 16% and Breeding recurring EBIT margin of 10%.Upward revision of our forecastsPrice target revised upwards to €12.7 and "BUY" opinion vs. "ADD" previously, following the resumption of growth at DiamOeneo is engaged in the production of barrels for wine (casks, barrels, tanks, drums and alternative products) and technological corks for wine bottles.
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.