Oeneo (SBT) Q1 24/25 earnings summary

Executive summary

• Turnover for Q1 2024-2025 reached €74.3 million, reflecting a gradual upturn and confirming improvement from the previous quarter.

• Growth in the Closures division offset a sharp decline in Winemaking, aligning with the strategic roadmap for a gradual return to growth.

Financial highlights

• Q1 turnover was €74.3 million, down 3.1% year-over-year at current exchange rates.

• Closures division turnover rose 6.8% to €60.8 million compared to Q1 2023-2024.

• Winemaking division turnover fell 31.8% to €13.5 million year-over-year.

Outlook and guidance

• The start of the year is in line with the plan to gradually return to overall growth for FY 2024-2025.

• Closures division expects to confirm its strong start in the next quarter, focusing on operating performance.

• Winemaking remains cautious due to low visibility but aims to respond to a potential uptrend in H2.