Schloss Wachenheim Reports Missed Sales and Profit Forecasts for Fiscal Year
German sparkling wine producer Schloss Wachenheim reported preliminary results showing its fiscal year sales growth came in below expectations. The company generated €448.9 million ($521.9 million) in revenue, a modest increase of just 0.3% compared to the previous year and well short of its projected 3% rise. Profitability also fell short as EBIT is estimated at approximately €27.6 million—lower than the forecast range of €30-33 million—and net income after taxes is expected around €16.4 million, missing a target of €18–21 million. The company attributed underperformance to weak fourth-quarter results across all divisions. Despite these shortfalls, Schloss Wachenheim still reported slight year-over-year improvements in both revenue and profits.
Topics: annual results earnings profit miss sales miss