Oeneo (SBT) Q3 24/25 earnings summary

Executive summary

• Nine-month turnover reached €221.8 million, down 1.7% year-over-year, reflecting resilience amid low harvests and a global wine consumption slowdown.

• Third-quarter turnover was €68.7 million, down 3.6% compared to the same quarter last year.

• Closures Division growth partially offset Winemaking Division decline, with Closures up 4% and Winemaking down 18% in the third quarter.

Financial highlights

• Nine-month Closures Division turnover rose 6.3% to €156.4 million year-over-year.

• Winemaking Division turnover fell 16.6% to €65.3 million over the same period.

• At constant exchange rates, group turnover declined 1.6% for the nine months.

Outlook and guidance

• Fourth-quarter business expected to follow the same trajectory as the first nine months, with limited visibility due to customer caution.

• Focus remains on optimizing operational profitability and sustaining performance.