AI Terminal
Berentzen-Gruppe AG
Earnings Release • May 10, 2017
56_rns_2017-05-10_0a82675f-5b29-4dca-8967-d9c37c79ef61.html
Earnings Release
Open in ViewerOpens in native device viewer
News Details
Corporate | 10 May 2017 07:16
Berentzen-Gruppe Aktiengesellschaft: The Group’s revenues and results continue to grow in the first quarter of 2017
DGAP-News: Berentzen-Gruppe Aktiengesellschaft / Key word(s): Quarterly / Interim Statement/Quarterly / Interim Statement
10.05.2017 / 07:16
The issuer is solely responsible for the content of this announcement.
P R E S S R E L E A S E No. 12/2017
Approved for immediate release
Berentzen-Gruppe Aktiengesellschaft: The Group’s revenues and results continue to grow in the first quarter of 2017
– Consolidated revenues rise by 3.7 % to EUR 40.7 million
– Consolidated EBIT rises 21.9 % to EUR 1.6 million
– Full-year outlook for 2017 reaffirmed: ongoing profitable growth anticipated
Haselünne, May 10, 2017 – Berentzen-Gruppe Aktiengesellschaft, which is traded on the regulated market (General Standard) of the Frankfurt Stock Exchange (ISIN: DE0005201602), continued its growth trajectory in the first quarter of 2017. Over the first three months of the current financial year, consolidated revenues rose by 3.7% on the equivalent period of the previous year to EUR 40.7 million (Q1/2016: EUR 39.3 million). Consolidated earnings before interest and tax (EBIT) improved over the period from January to March 2017 to EUR 1.6 million (Q1/2016: EUR 1.3 million).
“The Berentzen Group is seeing continued growth thanks to its diversified product portfolio. The successes achieved in the Non-alcoholic Beverages and Fresh Juice Systems segments are particularly pleasing. We see this growth as confirmation of our strategy aimed at moving our company towards segments involving natural and fresh products”, explains Frank Schübel, Berentzen-Gruppe Aktiengesellschaft’s Executive Board Spokesman. All in all, only the contributions to revenues from the Spirits segment saw a fall in comparison to the same quarter of the previous year. In this context, the Group succeeded in expanding the business with branded spirits outside of Germany, while the fact that the Easter business started at a later date than in the previous year caused a decline in the Spirits business in Germany in a quarter-on-quarter comparison. These developments give Frank Schübel every reason to be particularly satisfied with the improvement in the value added in those segments of special strategic importance to the corporate group: “In particular, a higher level of contribution margins in the Non-alcoholic Beverages and Fresh Juice Systems segments allowed us to generate a high gross profit unchanged on the level seen in the first quarter of 2016. At the same time, management of marketing activities to take account of seasonal market conditions in the domestic Spirits business enabled us to improve the consolidated operating result”, comments the Executive Board Spokesman.
Outlook
With regard to the 2017 financial year, Berentzen-Gruppe Aktiengesellschaft affirms its earnings forecasts and maintains its expectations of a rise in revenues and results in comparison to the previous year. The plans are for consolidated revenues to reach a level of between EUR 170.4 million and EUR 179.2 million and for consolidated EBIT to range between EUR 11.2 million and EUR 12.4 million. “We will make good use of the fast pace of growth in the Fresh Juice Systems and Non-alcoholic Beverages segments and drive them forward with expanding sales markets and product innovations. At the same time, we are intensifying our strategy aligned to generating a high level of value added in the Spirits business on generally declining markets”, explains Frank Schübel.
The Q1/2017 Interim Report has been published on Berentzen-Gruppe Aktiengesellschaft’s corporate website at www.berentzen-gruppe.de (direct link below):
www.berentzen-gruppe.de/investoren/veroeffentlichungen/finanzberichte-publikationen
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.
For more information
Berentzen-Gruppe Aktiengesellschaft
Press and public relations
Tel. +49 (0) 5961 502 0
10.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Berentzen-Gruppe Aktiengesellschaft |
| Ritterstraße 7 | |
| 49740 Haselünne | |
| Germany | |
| Phone: | +49 (0)5961 502-0 |
| Fax: | +49 (0)5961 502-550 |
| E-mail: | [email protected] |
| Internet: | www.berentzen-gruppe.de |
| ISIN: | DE0005201602, DE000A1RE1V3, |
| WKN: | 520160, A1RE1V |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |