Oeneo (SBT) Q3 25/26 TU earnings summary

Executive summary

• Third quarter business impacted by a sharply contracting wine and spirits market, with low harvest volumes and slowing global consumption continuing for a third year.

• Nine-month turnover reached €201.7 million, down 8.7% at constant exchange rates year-over-year.

• Cost containment measures are being pursued to maintain positive operating profitability.

Financial highlights

• Third quarter turnover was €61.4 million, a 10.3% decrease at constant exchange rates compared to the same quarter last year.

• Nine-month turnover for Closures was €149.6 million, down 4.4% year-over-year; Winemaking was €52.1 million, down 19.1%.

• Closures division showed resilience with only a 4.9% decline in Q3, while Winemaking dropped 23.3%.

Outlook and guidance

• Similar level of activity expected in the fourth quarter as in the third.

• No significant improvement anticipated for Winemaking division for the remainder of the year.

• Yearly turnover for 2025-2026 will be published on May 5, 2026.