15.08.2016
Berentzen-Gruppe Aktiengesellschaft DE0005201602
DGAP-News: Berentzen-Gruppe Aktiengesellschaft: Strong revenue and profit growth in first half of 2016
DGAP-News: Berentzen-Gruppe Aktiengesellschaft / Key word(s): Half Year
Results
Berentzen-Gruppe Aktiengesellschaft: Strong revenue and profit growth in
first half of 2016
15.08.2016 / 06:59
The issuer is solely responsible for the content of this announcement.
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P R E S S R E L E A S E
No.14/2016
Press release for the first half of the 2016 financial year
Berentzen-Gruppe Aktiengesellschaft: Strong revenue and profit growth in
first half of 2016
- Consolidated revenues up 8.6% to EUR 82.0 million
- Consolidated EBIT jumps 60.8% to EUR 4.0 million
- Spirits brands Berentzen and Puschkin growing faster than the market
- Citrocasa, Mio Mio and Sinalco franchise operation with distinct
double-digit growth rates
- Sharp rise in total operating performance and consolidated EBIT still
anticipated for 2016
Haselünne, August 15, 2016 - Berentzen-Gruppe Aktiengesellschaft, which is
listed on the regulated market (General Standard) of the Frankfurt Stock
Exchange (ISIN: DE0005201602), recorded an increase in consolidated
revenues to EUR 82.0 million (EUR 75.6 million) in the first half of the
2016 financial year. Consolidated operating profit (EBIT) rose sharply in
the reporting period to reach EUR 4.0 million (EUR 2.5 million), while
consolidated profit increased to EUR 1.5 million (EUR 1.2 million).
Frank Schübel, Executive Board Spokesman of Berentzen-Gruppe
Aktiengesellschaft, is satisfied with the performance of the corporate
group in the first half of 2016: "Our strategic programmes are running
pretty much to plan, which is helping to constantly improve our
profitability indicators. Our realignment strategy, which primarily
addresses healthy and fresh drinks segments, is now paying dividends for a
third year in a row. And we're also enjoying stable growth rates with our
Berentzen and Puschkin spirits brands thanks to a high level of innovation.
Our half-year profit shows how the strategy we're pursuing is bearing the
desired fruit."
Developments in the segments:
The 8.6% increase in revenues compared with the first half of last year
essentially stems from positive developments in the three business
segments: Spirits, Non-alcoholic Beverages and Fresh Juice Systems.
Within this total, the activities involving fresh juice systems operated
under the Citrocasa brand continued to expand rapidly, with revenues rising
by 33.5% in the first six months of the current financial year. Frank
Schübel comments: "We're extremely satisfied with the pace of growth to
date. As market penetration for the Citrocasa business has been low to this
point in most countries, we expect the volume of business to go on
expanding here. Our goal for the medium term is to fill in any blank spaces
on the map."
The Non-alcoholic Beverages segment also performed well with revenue growth
of 6.9%, which is much faster than the market. Between January and June
2016, sales of beverages marketed under the Mio Mio brand grew by nearly
60% compared with the first half of last year on the back of an expanded
distribution network and greater consumer acceptance. Sales in the
franchise business involving Sinalco branded drinks were up more than 20%
on the first six months of 2015 thanks to strong new customer business.
Revenues in the Spirits segment expanded by 4.9% during the reporting
period in the face of a contracting domestic market overall. Sales volumes
of the Berentzen and Puschkin umbrella brands rose by 4.7% and 10.3%
respectively, a success built around innovative concepts together with
consistent brand management and promotions policy. The Berentzen Group
recorded an increase of 10.6% in sales of branded dealer and private-label
products in line with gains from new volume contracts and a higher
proportion of value-adding concepts.
The international business with branded spirits contracted by 16.2%
compared with the equivalent period last year, attributable mainly to the
well-known situations in the crisis-hit countries of eastern Europe and
Turkey. Wherever possible, suitable adjustments to the cost structures have
been made in response to these market conditions.
Outlook:
Frank Schübel concludes with this explanation: "Our forecast is based on a
total of three elements. First, you have our organic growth in those
proprietary brands that generate above-average margins in the internal
product ranking. Second, we can observe a positive profit trend in the
still young Sinalco franchise operation. And third, the Citrocasa brand is
seeing its profitability rise with its revenues. This gives us confidence
that the financial performance will remain strong in the second half of the
year coupled with sustainable growth - the kind of growth that underscores
the continuity of the Berentzen Group's development."
Consequently, Berentzen-Gruppe Aktiengesellschaft is retaining unchanged
its expectation for the 2016 financial year of a sharp increase in both
total operating performance and consolidated operating profit compared with
last year.
The 2016 Group Half-yearly Report can be downloaded from the corporate
website of Berentzen-Gruppe Aktiengesellschaft - www.berentzen-gruppe.de -
using the following link: http://www.berentzen-gruppe.de/en/investors/
announcements/financial-reports/
About the Berentzen Group:
The Berentzen Group is one of the leading beverage groups in Germany and
simultaneously one of the oldest producers of spirits with a history going
back over 250 years. With its well-known brands like Berentzen and Puschkin
and attractively priced private-label products, the Berentzen Group has a
presence in more than 60 countries around the world. The corporate group
also has strong operating activities in the non-alcoholic beverages and
fresh juice systems segments. The Group company Vivaris Getränke GmbH & Co.
KG is responsible for producing and marketing proprietary mineral waters,
carbonated and non-carbonated soft drinks. In addition, the company boasts
more than 50 years of experience in the franchise business for soft drinks,
most recently acting as franchisee for the Sinalco brand since 2015.
Moreover, the Berentzen Group markets innovative fresh juice systems under
the Citrocasa brand, thus serving the fast-growing market for modern,
healthy 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
Antje Schwindeler
Press and PR
(05961) 502 215
[email protected] / www.berentzen-gruppe.de
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15.08.2016 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,
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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
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492593 15.08.2016
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