reports
- Mohamed Mansour (IDMidCaps)
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 ...
- Mohamed Mansour (IDMidCaps)
Oeneo - Sharp drop in sales in Q3, but the Group anticipates a smoothe...
Q3 sales down 20% due to distributor destocking, lower wine consumption and unfavorable basis for comparison9-month sales down 14%, penalized by sharp drop in Capping salesAccording to management, Q4 sales are expected to decline less sharply than in Q3, with annual recurring EBIT margin of around 13%.We have lowered our guidance for FY 2023/24 and FY 2024/25Price target lowered to €12/share from €12.7/share previously.Newsflow is not good and valuation multiples challenging, yet we remain at "A...
- Mohamed Mansour (IDMidCaps)
Oeneo - H1 recurring EBIT down as expected, no improvement until Q4
Recurring EBIT down 30% in H1 to €14m, penalized by raw material inflation and lower volumes.Significant increase in net debt due to lower profits and return of capex to normal levels.Launch of new products to find new growth drivers in the medium term.Continuation of downward trend in Q3, Q4 better oriented thanks to the end of destocking and a more favorable basis for comparison.Improved profitability expected in H2 thanks to lower raw material costs.Forecasts for 2024 unchanged: sales down 8%...
- Mohamed Mansour (IDMidCaps)
Oeneo - Return to growth anticipated only in Q4 and loss of market sha...
Q2 Group sales down 8% CER (constant exchange rate): Capping down 16% CER, Breeding stableWeak growth in high-end closures and loss of market share in entry/mid-range segmentsAdj.EBIT margin expected at 13% in H1-23 vs. 16.8% in H1-22Return to growth expected only in Q4 for the Capping division, compared with a previously expected recovery in Q3.Target Breeding sales, excluding wood trading, close to prior year levels.Downward revision of our forecasts for FY 2023 and 2024Price target lowered to...
- Mohamed Mansour (IDMidCaps)
Oeneo - Cork inflation weighs on margins, towards further stable resul...
EBIT 2022/23 virtually stable, in line with Group guidanceEBIT Margin down -95bps to 15.7Difficult start to the 2023/24 financial year, with Q1 revenues expected to be down -10% for the cork divisionManagement target of slight to stable revenue growth in 2023/24, with profitability also unchangedUnattractive newsflow, but speculative aspect still in supportADD opinion confirmed, with an adjusted price target of €14 (vs. €15)
Oeneo: 1 director bought
A director at Oeneo bought 34,716 shares at 11.457EUR and the significance rating of the trade was 93/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing...
- Florian Béchaz
Oeneo- Assemblée Générale des Actionnaires du 14 Septembre 2020
Proxinvest attire l’attention des actionnaires sur les points suivants : Sur la composition du conseil, qui, d’après Proxinvest, n’est pas majoritairement indépendant. De ce fait, nous ne pouvons pas soutenir l’ensemble des administrateurs non indépendants. Nous regrettons le non renouvellement des mandats des deux administrateurs indépendants. Ensuite concernant les politiques de rémunérations, Proxinvest regrette que la société n’ait pas apporté des améliorations en termes de transparence. D...
OENEO sees a downgrade to Neutral on account of less fundamental stars
The independent financial analyst theScreener just lowered the general evaluation of OENEO (FR), active in the Forestry industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date July 21, 2020, the closing price was EUR 11.10 and its target price was estimated...
- Jehanne Leroy
Oeneo, 25 Juillet 2019
RémunérationsAu titre de l’exercice 2018-2019, une rémunération exceptionnelle sous forme d’actions gratuites a été attribuée au Directeur Général. S’il est compréhensible que le conseil ait souhaité récompenser son DG pour avoir su gérer au mieux la crise du prix du liège, il semble cependant, très généreux de lui octroyer une rémunération exceptionnelle supérieure à son bonus (111% du bonus annuel précisément). De plus, cette rémunération exceptionnelle représente 35% de son fixe, alors que la...
- Expert Corporate Governance Service (ECGS)
Oeneo - Proxy Report - 26/09/2018
Proxinvest attire l'attention des actionnaires sur plusieurs points. Tout d'abord sur la composition du conseil d'administration. Le conseil comporte 13 membres et seulement 5 femmes. Soit un taux de féminisation de 38%. Ce taux est inférieur au taux requis par les dispositions légales. Proxinvest a contacté la société sur ce point et il semblerait qu'un processus d'examen de candidature soit en cours et qu'il soit possible qu'une ou plusieurs administratrices soient cooptées prochainement en r...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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