Interim Report for the first quarter of 2019 published: The Berentzen Group makes a successful start to the 2019 financial year
07. May 2019 07:00
- Consolidated revenues up slightly
- Consolidated operating result (EBIT) at previous-year level
- Earnings forecast for the 2019 financial year unchanged
Haselünne, May 7, 2019 – 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 2019 financial year. Over the first three months of this year, the corporate group generated consolidated revenues of EUR 36.9 million (Q1 2018: EUR 36.5 million) – a slight rise of 1.0 percent. Consolidated earnings before interest and taxes (consolidated EBIT) for the first quarter stood at EUR 1.7 million, i.e. at the previous-year level. Consolidated earnings before interest, taxes, depreciation and amortisation (consolidated EBITDA) improved by 5.6 % to EUR 3.7 million (Q1 2018: EUR 3.5 million).
“We made a successful start to 2019”, says Oliver Schwegmann, one of Berentzen-Gruppe Aktiengesellschaft’s Executive Board members, expressing his satisfaction with the quarterly figures published today, and continues: “Despite Easter, a seasonal highlight of great importance to our business, falling in the second quarter of this year, we succeeded in maintaining our earnings level and even increasing revenues.”
The main factors responsible for the rise in revenue included the ongoing dynamic growth in sales of Mio Mio products in the Non-alcoholic Beverages segment and rising sales of fruit presses in the Fresh Juice Systems segment. “We are very pleased that we are able make out at our subsidiary TMP/Citrocasa the first signs of recovery on the market overall”, says Schwegmann.
Outlook for the 2019 financial year remains positive
In the 2018 financial year, the Executive Board had forecast for the 2019 financial years higher revenues and an earnings position largely at the previous-year level. The figures published today are already pointing in this direction. “For the rest of the year, our internal planning provides for stronger revenue growth. We have only just launched the innovation campaign, announced on many occasions, relating to our two most important projects for this year. Over the coming months we will now dedicate ourselves to achieving a high distribution level so that the innovations will then be able to generate further revenue growth”, Schwegmann continues. Berentzen Signature, an entirely new type of premium fruit liqueur, was introduced to the market on April 1, 2019. In addition, non-alcoholic herb lemonades under the Kräuterbraut brand are currently being delivered to retailers for the first time. These lemonades serve the trend towards natural, vegan and reduced-sugar foods.
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 presence in more than 60 countries around the world 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 and also boasts more than 50 years of experience in the franchise business for soft drinks, currently acting as franchisee for the Sinalco brand. In addition, the Berentzen Group markets innovative fresh juice systems under the Citrocasa brand in its third segment, thus serving the fast-growing market for modern, health-oriented drinks. The Berentzen-Gruppe Aktiengesellschaft share (ISIN DE0005201602) is listed on the regulated market (General Standard) of the Frankfurt Stock Exchange.