EQS-News

Berentzen-Gruppe Aktiengesellschaft publishes 2023 Annual Report - Seite 2

 

Positive revenue performance in key strategic themes

 

The key strategic themes of the Berentzen Group made a positive contribution to the Berentzen Group’s success in the reporting period. “Thanks to the dynamic development of our Berentzen-brand fruit liqueurs and Puschkin-brand vodka products, we generated 9.3 percent revenue growth on sales of both these brands”, Schwegmann said. The Group also achieved impressive 14.7 percent revenue growth on sales of its private-label spirits.

 

“In the Non-alcoholic Beverages segment, we were again very pleased with the outstanding performance of Mio Mio”, Schwegmann said. Thanks to 19.3 percent revenue growth, the revenues generated on sales of Mio Mio crossed the EUR 20 million mark for the first time ever, making it the Group’s highest-revenue brand in the 2023 financial year.

 

Higher revenues were also generated in the Fresh Juice Systems segment. After revenue growth of 4.4 percent, the revenue drop in the wake of the coronavirus pandemic has now been completely made up. “However, the positive performance of this segment was due to higher unit sales of fruit and bottles, underscoring the consistently strong demand for fresh-pressed fruit juices. In the future, however, we will need to achieve stronger growth again in unit sales of fruit presses”, Schwegmann said.

 

Profitability influenced by various effects

 

“By contrast, the single-digit percentage decrease in consolidated EBIT was particularly due to the lower consolidated gross profit”, Schwegmann said. The main reasons for this development were lower unit sales especially in the Non-alcoholic Beverages segment and the delayed effect of price increases for the Group’s products. In addition, higher market interest rates made borrowing more expensive even as the cost of financing inventories increased due to inflation effects. “That effect coupled with the lower consolidated EBIT was the main reason for the decrease in our consolidated net income”, Schwegmann explained.