EQS-News

Berentzen-Gruppe Aktiengesellschaft publishes Interim Report Q1/2023

EQS-News: Berentzen-Gruppe Aktiengesellschaft / Key word(s): Quarterly / Interim Statement/Quarter Results Berentzen-Gruppe Aktiengesellschaft publishes Interim Report Q1/2023 04.05.2023 / 07:03 CET/CEST The issuer is solely responsible for the content of this announcement. +                                                                                                                                                                                     Press Release No. 7/2023

 

Berentzen-Gruppe Aktiengesellschaft publishes Interim Report Q1/2023
Significant rise in revenues and positive operating result (EBIT)

Haselünne, May 4, 2023 – Berentzen-Gruppe Aktiengesellschaft (ISIN: DE0005201602), which is listed in the Regulated Market (General Standard) of the Frankfurt Stock Exchange, today published its Interim Report for the first quarter of the 2023 financial year. The Group generated consolidated revenues of EUR 41.8 million in the first three months of 2023, that being 15.9% higher than in the first quarter of last year (Q1/2022: EUR 36.1 million). The consolidated result before interest and taxes (consolidated EBIT) was EUR 1.0 million (Q1/2022: EUR 1.2 million) and the consolidated result before interest, taxes, and depreciation (consolidated EBITDA) came to EUR 2.9 million (Q1/2022: EUR 3.2 million).

 

“We are pleased with the positive consolidated EBIT and the further, significant growth of our consolidated revenues”, said Oliver Schwegmann, member of the Executive Board of Berentzen-Gruppe Aktiengesellschaft, adding that the Group’s revenue performance continued the positive trend of the past year. In each and every quarter of the 2022 financial year, consolidated revenues posted double-digit growth over the respective year-ago quarters, he said. “As we had expected and announced earlier, earnings quality in the first quarter of 2023 was mainly influenced by much higher costs compared to the first quarter of last year, given that the cost increases built up steadily only over the course of the last 12 months”, Schwegmann said. The added cost burden also affected the earnings indicators EBITDA and EBIT in the first quarter, he said. “The necessary price increases in our product lines negotiated already at the beginning of 2023 to defray further rises in material costs will gradually have a positive effect on earnings indicators beginning in the second quarter, so that our margin quality will improve again over the course of the current year”, Schwegmann said.