DGAP-News

Berentzen Group publishes Interim Report for the first quarter of 2021: Positive operating result despite ongoing lockdown

DGAP-News: Berentzen-Gruppe Aktiengesellschaft / Key word(s): Quarterly / Interim Statement Berentzen Group publishes Interim Report for the first quarter of 2021: Positive operating result despite ongoing lockdown 04.05.2021 / 07:10 The issuer is solely responsible for the content of this announcement. Press release No. 10/2021

Berentzen Group publishes Interim Report for the first quarter of 2021
Positive operating result despite ongoing lockdown

- Consolidated revenues of EUR 31.4 million achieved

- Consolidated EBIT and consolidated EBITDA are positive but lower than in Q1 2020, as anticipated

- Forecast for the 2021 financial year confirmed

Haselünne, May 4, 2021 - Berentzen-Gruppe Aktiengesellschaft, which is listed on the Regulated Market (General Standard) of the Frankfurt Stock Exchange (ISIN: DE0005201602), today presented its Interim Report for the first quarter of the 2021 financial year. Over the first three months of this year, the corporate group generated consolidated revenues of EUR 31.4 million (Q1 2020: EUR 36.2 million). Consolidated earnings before interest and taxes (consolidated EBIT) for the first quarter stood at EUR 0.5 million (Q1 2020: EUR 1.1 million). Consolidated earnings before interest, taxes, depreciation and amortisation (consolidated EBITDA) came to EUR 2.7 million (Q1 2020: EUR 3.2 million).

"As expected, and as we already communicated at the beginning of the year, the coronavirus pandemic had a significant impact on our business activities in the first quarter of the 2021 financial year," explained Oliver Schwegmann, one of the members of the Executive Board of Berentzen-Gruppe Aktiengesellschaft. The ongoing lockdown has placed massive restrictions on public and private life over all three months of the quarter, he continued, pointing out the contrast to the equivalent quarter in the previous year, when the pandemic only resulted in dampening effects lasting several weeks - starting in mid-March. "Despite this challenging economic and social situation, we still managed to close the first quarter of 2021 profitably and achieve a positive consolidated operating result", said Schwegmann.