EQS-News

Berentzen-Gruppe Aktiengesellschaft publishes 2023 Annual Report

EQS-News: Berentzen-Gruppe Aktiengesellschaft / Key word(s): Annual Report/Annual Results Berentzen-Gruppe Aktiengesellschaft publishes 2023 Annual Report 28.03.2024 / 07:10 CET/CEST The issuer is solely responsible for the content of this announcement.                                                                                                                                                                                      Press Release No. 5/2024

 

Berentzen-Gruppe Aktiengesellschaft publishes 2023 Annual Report
Revenue and earnings targets met in financial year 2023, forecast for 2024 announced

• Consolidated revenues rise to EUR 185.7 million, consolidated EBIT comes to EUR 7.7 million
• Dividend proposal for EUR 0.09 per share
• First steps to implement Building BERENTZEN 2028 planned for financial year 2024

 

Haselünne, March 28, 2024 – Berentzen-Gruppe Aktiengesellschaft, which is listed on the regulated market (General Standard) of the Frankfurt Stock Exchange (ISIN: DE0005201602), today published its Annual Report for the 2023 financial year. The Group generated consolidated revenues of EUR 185.7 million, up 6.6 percent over the 2022 financial year (EUR 174.2 million). Consolidated earnings before interest and taxes (consolidated EBIT) came to EUR 7.7 million (2022: EUR 8.3 million). Consolidated earnings before interest, taxes, depreciation and amortisation (consolidated EBITDA) was EUR 16.0 million (2022: EUR 16.7 million).

 

“Despite the multiple crises that have impacted us all in the last few years, the Berentzen Group turned in a solid performance in financial year 2023”, said Oliver Schwegmann, CEO of Berentzen-Gruppe Aktiengesellschaft. He went on to say: “We increased our revenues in a tough market environment. Over the course of the year, we managed for the first time to fully offset the massive increases in the costs of materials and commodities by implementing targeted price increases for our products.” According to market research data, the Group also managed to gain market shares in certain key areas, despite shrinking markets overall.