Oeneo (SBT) Q4 24/25 earnings summary

Executive summary

• Annual turnover stable at €305.1 million for 2024-2025, nearly matching the previous year.

• Fourth quarter turnover rose 4.0% year-over-year, with both Closures and Winemaking divisions contributing.

• Group expects a higher operating margin than last year's 14.0% due to cost management.

Financial highlights

• Q4 turnover: €83.3 million, up 3.8% at constant exchange rates compared to Q4 last year.

• Full-year Closures division turnover: €222.5 million, up 5.2% year-over-year.

• Full-year Winemaking division turnover: €82.6 million, down 12.3% year-over-year.

• Diam closures sales exceeded 2 billion units, setting a new record.

Outlook and guidance

• Group remains cautious for 2025-2026 due to unpredictable wine market and new US tariff measures.

• Closures division expected to maintain recurring operating margin above 20% of turnover.

• Winemaking division profitability expected at a historically low 4%-5% of turnover.