checkAd

    DGAP-News  479  0 Kommentare 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.

    ---------------------------------------------------------------------------

    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
    Seite 1 von 3


    Diskutieren Sie über die enthaltenen Werte


    EQS Group AG
    0 Follower
    Autor folgen

    Verfasst von EQS Group AG
    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 …

    Schreibe Deinen Kommentar

    Disclaimer