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Berentzen-Gruppe Aktiengesellschaft publishes 2023 Annual Report - Seite 3

 

Based on these developments, the Executive Board together with the Supervisory Board will propose a dividend of EUR 0.09 per share to the Annual General Meeting to be held on May 17, 2024. “Under this proposal, we would distribute nearly all of our consolidated net income to shareholders as a dividend. This proposal is not only a clear statement of our dividend policy, but also a clear sign of our confidence in being able to achieve our growth targets in the coming years”, Schwegmann said.

 

Outlook for financial year 2024
 

The Berentzen Group also announced its forecast for the 2024 financial year in the Annual Report 2023. The Group expects to generate consolidated revenues in a range of EUR 190.0 million to EUR 200.0 million, consolidated EBITDA in a range of EUR 17.2 million to EUR 19.2 million, and consolidated EBIT in a range of EUR 8.0 million to EUR 10.0 million.

 

The Berentzen Group had presented its new strategy Building BERENTZEN 2028 already in February 2024. “With this strategy, we are shifting from defence in the form of crisis management practiced in the last few years to offence. The forecast we have published today is a reflection of our plan to commence implementation of our new strategy immediately. In fact, we have already taken the first steps to intensify our marketing activities and expand our field sales organisation in the current financial year”, Schwegmann said.

 

For the first time in its history, the Berentzen Group also presented a medium-term forecast for 2028 together with the new strategy. In 2028, the Group would like to generate consolidated revenues of EUR 235 million, consolidated EBITDA of EUR 28 million, and consolidated EBIT of EUR 18 million. “The 2024 financial year will be a first intermediate step towards the achievement of our ambitious medium-term goals”, Schwegmann concluded.

 

The 2023 Annual Report is published at: https://www.berentzen-gruppe.de/en/investors/reports

 

About the Berentzen Group:

The Berentzen Group is a modern, innovative beverage company with a history dating back more than 260 years. Broadly positioned in the segments of Spirits, Non-Alcoholic Beverages, and Fresh Juice Systems, the Group today develops, produces, and markets beverage concepts for a wide range of consumer needs, including spirits, mineral water products, soft drinks, and fruit presses for fresh-squeezed orange juice. With well-known brands like Berentzen, Puschkin, Mio Mio, and Citrocasa, as well as contemporary private-label products, the Berentzen Group is present today in more than 60 countries of the world. The shares of Berentzen-Gruppe Aktiengesellschaft (ISIN DE0005201602) are listed on the Regulated Market (General Standard) of the Frankfurt Stock Exchange.