DGAP-News

Berentzen-Gruppe Aktiengesellschaft publishes Interim Report Q3/2020: Q3 results are also positive - Seite 2

Outlook for future development

"The numbers we published today show that the assumptions we made three months ago largely proved to be correct", Schwegmann said with regard to the earnings forecast for the 2020 financial year that the corporate group had revised at the end of July. "The performance in the third quarter supported our prediction that we will achieve positive results for the full year 2020, meaning that our forecast will be solidly fulfilled". The Berentzen Group anticipates consolidated revenues in a range from EUR 153.0 million to EUR 160.0 million, a consolidated operating profit (consolidated EBIT) in a range from EUR 4.0 million to EUR 6.0 million, and an operating profit before depreciation and amortisation (consolidated EBITDA) in a range from EUR 13.0 million to EUR 15.0 million. "However, the prerequisite for the attainment of our full-year targets is that the currently dynamic trend of infections and the governmental measures implemented to stem the virus will only have a moderate effect on social and economic conditions", Schwegmann said in conclusion.

About the Berentzen Group:
The Berentzen Group is a broad-based beverage company operating in the following three segments: Spirits, Non-alcoholic Beverages, and Fresh Juice Systems. The Berentzen Group is one of the oldest producers of spirits in Germany with a corporate history going back over 250 years. Today, it has a worldwide presence in more than 60 countries with well-known brands like Berentzen and Puschkin and attractively priced private-label products. In its Non-alcoholic Beverages segment, the corporate group produces mineral waters, carbonated and non-carbonated soft drinks under its own brands. It also has more than 50 years of experience in the franchise business, currently acting as franchisee for the Sinalco brand. In addition, the Berentzen Group markets innovative juice systems under the Citrocasa brand in its third segment, thus serving the fast-growing market for modern, health-oriented beverages. The Berentzen-Gruppe Aktiengesellschaft share (ISIN DE0005201602) is listed on the regulated market (General Standard) of the Frankfurt Stock Exchange.