EQS-News

Berentzen-Gruppe Aktiengesellschaft publishes Interim Report Q1/2024

EQS-News: Berentzen-Gruppe Aktiengesellschaft / Key word(s): Quarterly / Interim Statement/Quarter Results Berentzen-Gruppe Aktiengesellschaft publishes Interim Report Q1/2024 07.05.2024 / 07:11 CET/CEST The issuer is solely responsible for the content of this announcement. +                                                                                             Press release no. 8/2024

 

Berentzen-Gruppe Aktiengesellschaft publishes Interim Report Q1/2024
Earnings and profitability increased in the first quarter of the 2024 financial year

• Consolidated EBIT of EUR 1.3 million achieved – an increase of 33.0% compared to the same quarter of the previous year
• Consolidated revenues of EUR 40.9 million slightly below the same quarter of the previous year
• Annual forecast confirmed

Haselünne, 7 May 2024 - Berentzen-Gruppe Aktiengesellschaft (ISIN: DE0005201602), which is listed on the Regulated Market (General Standard) of the Frankfurt Stock Exchange, has published its Interim Report for the first quarter of the 2024 financial year. In the first three months, the corporate group generated consolidated revenues of EUR 40.9 million (Q1/2023: EUR 41.8 million). Consolidated operating profit before interest and taxes (consolidated EBIT) totalled EUR 1.3 million (Q1/2023: EUR 1.0 million), while consolidated operating profit before interest, taxes, depreciation and amortisation (consolidated EBITDA) amounted to EUR 3.4 million (Q1/2023: EUR 2.9 million).

 

The beginning of the year was characterised by a difficult market environment with consumer restraint as a result of inflation. "In the first quarter of this year, we were nevertheless able to achieve pleasing revenue growth for our two strategic core brands Berentzen and Mio Mio", says Oliver Schwegmann, CEO of Berentzen-Gruppe Aktiengesellschaft. The revenue success of the Berentzen brand is attributable in particular to the spirits category of liqueurs, which is the strategic focus. "This is confirmation that we are on the right track with our product strategy," says Schwegmann. According to market research data, March showed the first signs of a recovery in the overall sales markets for both spirits and non-alcoholic beverages in Germany.