DGAP-News
Berentzen Group maintains high-level growth trend in Q3 2016
DGAP-News: Berentzen-Gruppe Aktiengesellschaft / Key word(s): Quarterly /
Interim Statement/Quarterly / Interim Statement
Berentzen Group maintains high-level growth trend in Q3 2016
27.10.2016 / 06:48
The issuer is solely responsible for the content of this announcement.
Interim Statement/Quarterly / Interim Statement
Berentzen Group maintains high-level growth trend in Q3 2016
27.10.2016 / 06:48
The issuer is solely responsible for the content of this announcement.
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Berentzen Group maintains high-level growth trend in Q3 2016
- Consolidated revenues up 8.0% to EUR 124.7 million
- Consolidated EBIT climbs 48.9% to EUR 7.0 million
- Strategic brands expand much faster than the market
- Outlook for 2016 reaffirmed: sharp increase in earnings figures
expected
Haselünne, October 27, 2016 - Berentzen-Gruppe Aktiengesellschaft, which is
listed on the regulated market (General Standard) of the Frankfurt Stock
Exchange (ISIN: DE0005201602), maintained its pattern of growth through the
third quarter of 2016. CEO Frank Schübel is highly satisfied with the
Company's performance: "The Berentzen Group is growing strongly. What's
particularly pleasing is the way the positive trend is entrenched across
all three pillars of our business model. After nine months of this year,
we've already reached roughly the same level of earnings that we attained
over the whole of last year."
Specifically, consolidated revenues rose by 8.0% to EUR 124.7 (115.5)
million in the first nine months of the current financial year.
Consolidated earnings before interest and taxes (EBIT) improved sharply to
EUR 7.0 (4.7) million in the period from January to September 2016. All
three segments - Fresh Juice Systems, Spirits and Non-alcoholic Beverages -
contributed to growth.
"The consistent strategy built around product innovations and the rising
demand for fresh products alongside our classic brands is paying off,"
explains Frank Schübel. The business involving fresh juice systems under
the Citrocasa brand, for instance, saw its revenues rise by 26.0% in the
first nine months compared with the first three quarters for last year.
The Non-alcoholic Beverages segment similarly performed extremely well.
Despite a contracting market in Germany overall (down 1.3% according to the
German mineral water association VDM), the Berentzen Group recorded a 7.8%
increase in revenues during the reporting period. Within this total, the
revenues from the highly innovative Mio Mio brand family, which jumped
65.3% over the equivalent period last year, are worthy of special note. The
massive increase results from strong consumer demand for Mio Mio Mate,
Cola, Cola Zero and the new Mate Banana flavour as well as expanded
Berentzen Group maintains high-level growth trend in Q3 2016
- Consolidated revenues up 8.0% to EUR 124.7 million
- Consolidated EBIT climbs 48.9% to EUR 7.0 million
- Strategic brands expand much faster than the market
- Outlook for 2016 reaffirmed: sharp increase in earnings figures
expected
Haselünne, October 27, 2016 - Berentzen-Gruppe Aktiengesellschaft, which is
listed on the regulated market (General Standard) of the Frankfurt Stock
Exchange (ISIN: DE0005201602), maintained its pattern of growth through the
third quarter of 2016. CEO Frank Schübel is highly satisfied with the
Company's performance: "The Berentzen Group is growing strongly. What's
particularly pleasing is the way the positive trend is entrenched across
all three pillars of our business model. After nine months of this year,
we've already reached roughly the same level of earnings that we attained
over the whole of last year."
Specifically, consolidated revenues rose by 8.0% to EUR 124.7 (115.5)
million in the first nine months of the current financial year.
Consolidated earnings before interest and taxes (EBIT) improved sharply to
EUR 7.0 (4.7) million in the period from January to September 2016. All
three segments - Fresh Juice Systems, Spirits and Non-alcoholic Beverages -
contributed to growth.
"The consistent strategy built around product innovations and the rising
demand for fresh products alongside our classic brands is paying off,"
explains Frank Schübel. The business involving fresh juice systems under
the Citrocasa brand, for instance, saw its revenues rise by 26.0% in the
first nine months compared with the first three quarters for last year.
The Non-alcoholic Beverages segment similarly performed extremely well.
Despite a contracting market in Germany overall (down 1.3% according to the
German mineral water association VDM), the Berentzen Group recorded a 7.8%
increase in revenues during the reporting period. Within this total, the
revenues from the highly innovative Mio Mio brand family, which jumped
65.3% over the equivalent period last year, are worthy of special note. The
massive increase results from strong consumer demand for Mio Mio Mate,
Cola, Cola Zero and the new Mate Banana flavour as well as expanded
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