Oeneo's Stable Turnover and Divisional Growth Amid Challenges

Oeneo reported a stable annual turnover of €305.1 million for 2024-2025, despite challenging market conditions. The fourth quarter saw a 3.8% increase in turnover at constant exchange rates, driven predominantly by both Closures and Winemaking divisions.

The Closures division achieved a 5.2% increase in turnover, thanks to strong Diam cork sales, which rose by over 8% due to favorable volume and price effects. Their success is global, with strong demand in key wine-producing regions and robust sales in France.

Conversely, the Winemaking division faced a challenging year, with an overall 12.3% decline in turnover. However, a 9.5% growth in the fourth quarter, aided by stable barrel sales and a positive impact from oak products, helped mitigate the annual decline.

Despite these challenges, Oeneo expects to maintain a high operating margin, demonstrating the resilience of its business model. The company remains cautious as it looks towards 2025-2026, amid unpredictable market conditions.