Oeneo (SBT) Q1 26/27 TU earnings summary

Executive summary

• First-quarter 2026-2027 turnover was €66.4 million, a decrease of 4.9% year-over-year (down 4.8% at constant exchange rates).

• The Closures division showed resilience with only a slight decline, while Winemaking was significantly impacted by reduced investments.

• The group is maintaining its focus on cost control, innovation, and cash management amid challenging market conditions.

• Acquisition of Lamouroux announced to strengthen the Winemaking division's offering.

Financial highlights

• Total turnover: €66.4 million, down 4.9% compared to the same quarter last year.

• Closures division turnover: €56.7 million, down 1.8% year-over-year.

• Winemaking division turnover: €9.7 million, down 19.6% year-over-year.

• Over 510 million cork closures sold during the quarter.

Outlook and guidance

• The group expects another year of business consolidation, focusing on cost control and innovation.

• Performance for the rest of the year will depend on upcoming Northern Hemisphere harvests.