Business
Oeneo : 2025-2026 FIRST-QUARTER TURNOVER: EUR 69.8 MILLION
Oeneo : 2025-2026 FIRST-QUARTER TURNOVER: EUR 69.8
About this update from Oeneo Sa
[{"type":"text","content":"\n\t\tTurnover (€M)\n\t\t2025-2026\n\t\t2024-2025\n\t\tChange\n\t\tChange at constant exchange rates\n\t\tFirst quarter (APRIL–JUNE)\n\t\t69.8\n\t\t74.3\n\t\t-6.1%\n\t\t-5.9%\n\t\tClosures\n\t\t57.8\n\t\t60.8\n\t\t-5.0%\n\t\t-5.0%\n\t\tWinemaking\n\t\t12.0\n\t\t13.5\n\t\t-10.7%\n\t\t-10.0%\n \nOeneo Group posted turnover of €69.8 million in the first quarter of 2025-2026, down 6.1% compared to first quarter 2024-2025.\nThis downturn reflects the challenging economic context of the wine and spirits market, with a slowdown in global consumption and uncertainties over the introduction of new tariffs likely to impact both our products and those of our clients. Against this backdrop, our clients faced a slowdown in sales, resulting in postponed or reduced investments.\nCommitted to its strategy, the Group is pursuing its premium positioning, which is more resilient to unfavorable conditions, and its plan to innovate in response to client expectations. It is also continuing to focus on its cost management policy.\n \nReview by division\nCLOSURES: good resilience of the Diam range\nThe division recorded turnover of €57.8 million, down 5.0% versus first-quarter 2024-2025, which was buoyed by restocking among a number of distributors. This trend reflects the wait-and-see approach currently being adopted in markets across all geographical regions, with some clients opting to reduce bottling volumes due to high inventories and poor harvests in previous years.\nThis decline was more limited for Diam closure sales, mainly due to a less favorable product mix as clients looked for ways to save money in a challenging economic environment. Sales volumes remained solid, however, driven by new client wins and the loyalty of long-standing partners. Other technological closures were more impacted by the economic climate, in an environment that remains highly competitive.\nThroughout this period of consolidation, the division aims to strengthen its market share and maintain its solid profitability.\n \nWINEMAKING: BARREL VOLUMES REMAIN IMPACTED BY THE UNFAVORABLE ECONOMIC CLIMATE\nThe Winemaking business posted quarterly turnover of €12.0 million, down 10.7% compared to first-quarter 2024-2025. Clients exercised a high degree of caution in their investment decisions over the quarter due to a lack of visibility on the evo...