Oeneo (SBT) Q1 24/25 TU earnings summary
Event summary combining transcript, slides, and related documents.
Q1 24/25 TU earnings summary
13 Jun, 2025Executive 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.
Latest events from Oeneo
- Turnover fell 12.2% and net profit dropped 29.9%, but margins and cash flow remained resilient.SBT
H2 23/24 - Turnover fell 9.7%, but strong cash flow and resilient Closures margin supported stability.SBTH2 25/26
- Turnover declined 4.9% to €66.4M, with Closures resilient and Winemaking sharply down.SBTQ1 26/27 TU
- Turnover fell 9.3% to €275.5M, with Closures resilient and Winemaking sharply down.SBTQ4 25/26 TU
- Nine-month turnover dropped 8.7% as market contraction hit both Closures and Winemaking.SBTQ3 25/26 TU
- Profitability held up on Closures growth, but market uncertainty persists.SBTH1 25/26
- Turnover dropped 6.1% year-over-year as market headwinds impacted both core divisions.SBTQ1 25/26 TU
- Operating income rose 16.8% to €23.7M, led by Closures/Bouchage, despite flat revenue.SBTH1 24/25
- Profitability rose on robust Closures growth, offsetting Winemaking weakness.SBTH2 24/25