15.03.2018
Berentzen-Gruppe Aktiengesellschaft DE0005201602
DGAP-News: Berentzen-Gruppe Aktiengesellschaft publishes Annual Report 2017: Profitable 2017 financial year despite challenges
DGAP-News: Berentzen-Gruppe Aktiengesellschaft / Key word(s): Final Results
Berentzen-Gruppe Aktiengesellschaft publishes Annual Report 2017: Profitable
2017 financial year despite challenges
15.03.2018 / 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. 8/2018
Berentzen-Gruppe Aktiengesellschaft publishes Annual Report 2017
Profitable 2017 financial year despite challenges
- Preliminary business results confirmed: slight year-on-year revenue
growth; consolidated operating profit still significantly positive, but down
on previous year
- Proposed dividend of EUR 0.22 per share
- Considerable sales growth once again with core brands Berentzen, Puschkin
and
Mio Mio
- First Sustainability Report published
- Positive outlook for the 2018 financial year
Haselünne, March 15, 2018 - Berentzen-Gruppe Aktiengesellschaft, which is
listed on the regulated market (General Standard) of the Frankfurt Stock
Exchange (ISIN: DE0005201602), today published its Annual Report for the
2017 financial year. In the report, the Group confirms its preliminary
business results published on February 1, 2018 for the previous financial
year. Based on those figures, the corporate group recorded consolidated
revenues of EUR 172.1 million, which constitutes an increase of 1.2% on the
2016 financial year (EUR 170.0 million). Consolidated earnings before
interest and taxes (consolidated EBIT) amounted to EUR 9.2 million in the
2017 financial year (2016: EUR 10.5 million), while consolidated earnings
before interest, taxes, depreciation and amortisation (consolidated EBITDA)
totalled EUR 16.4 million (2016: EUR 17.5 million).
Against this backdrop, the Executive Board and Supervisory Board will
propose a dividend of EUR 0.22 per share to the annual general meeting to be
held on May 3, 2018.
Different development in the individual segments
"The 2017 financial year was a year of contrasts. For example, the Spirits
segment developed extremely positively with a contribution to earnings that
was significantly higher than expected. At the same time, we faced some
challenges in the Non-alcoholic Beverages and Fresh Juice Systems segments",
explains Oliver Schwegmann, member of the Executive Board of
Berentzen-Gruppe Aktiengesellschaft.
One pleasing development in the Spirits segment is the strong increase in
sales of around 6% in total for the core brands Berentzen and Puschkin, he
says. In the Non-alcoholic Beverages segment, he considers the pace of
growth of the Mio Mio brand to be particularly impressive. "We were bowled
over by the continued excellent development of Mio Mio, with sales growth of
roughly fifty percent", explains Schwegmann. "Propelled by this tailwind, we
are working intensively on expanding the Mio Mio brand further."
"We succeeded in improving the revenue and segment earnings indicators of
the Non-alcoholic Beverages segment. Nevertheless we are not satisfied with
the development, and had originally expected better figures", according to
Schwegmann. The business performance of the Fresh Juice Systems segment
likewise did not go as planned, he explains. Instead of growth, the
segment's earnings contribution in the 2017 financial year were down
considerably on the previous year.
Schwegmann explains: "In addition to the external factors that impacted on
our business activities in the 2017 financial year, there is also internal
potential for improvement that we need to leverage". For this reason, he
says, a comprehensive transformation programme was initiated in the
corporate group in the summer of 2017. "Our aim is very clear: We want to
transform from the loosely organised beverages holding company that we are
today into a modern, innovative and integrated drinks incubator. All of our
segments are equally important to us in this regard", assures Schwegmann. He
explains that the development of a matrix structure is already under way in
the Group. Work has also commenced, he says, on a range of
efficiency-enhancing projects with a larger investment volume in the
Non-alcoholic Beverages segment. In the Fresh Juice Systems segment, he
explains that efforts are ongoing to accelerate the new development cycles
for fruit juicers and to achieve greater security of supply for oranges.
Positive outlook for the 2018 financial year
"For the 2018 financial year, we are confident that the measures commenced
will take effect, especially in the second half of the year", Schwegmann
emphasises. He says that management is optimistic about the future in view
of these developments. Correspondingly, the Executive Board is anticipating
a rise in revenue and earnings in comparison to the 2017 financial year,
according to Schwegmann.
Consolidated revenues are set to rise by between EUR 9.6 million and EUR
18.8 million, reaching somewhere in the region of EUR 170.1 million to EUR
178.9 million. This revenue forecast already takes into account the new
financial reporting standard on revenue recognition (IFRS 15), which is
subject to mandatory application for the first time in the 2018 financial
year. Applying this standard will reduce the forecast consolidated revenues
by approximately EUR 12.0 million without affecting income. Consolidated
EBIT and consolidated EBITDA are expected to range from EUR 9.6 million to
EUR 10.6 million and from EUR 17.2 million to EUR 19.0 million respectively.
First Sustainability Report published
Together with the Annual Report, Berentzen-Gruppe Aktiengesellschaft today
published its first Sustainability Report. "Social and ecological topics are
becoming more and more important. As a company, we feel an obligation to
society, the environment and our employees to incorporate these topics in
our corporate actions and to increase our focus on them even more in
future", explains Ralf Brühöfner, member of the Executive Board of
Berentzen-Gruppe Aktiengesellschaft. He adds that the Sustainability Report,
which was prepared voluntarily, on the one hand reflects the measures
relating to sustainability that have already been implemented and on the
other defines further objectives. "We are convinced that a company's
economic success will in future also be inextricably linked to social and
ecological matters", concludes Brühöfner.
The Annual Report 2017 is published at:
https://www.berentzen-gruppe.de/en/investors/ad-hoc-announcements/financial-reports/
The Sustainability Report 2017 is published at:
www.berentzen-gruppe.de/en/responsibility/sustainability-report/
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.
Further information is available at
www.berentzen-gruppe.de
www.berentzen.de
Berentzen-Gruppe Aktiengesellschaft
Thorsten Schmitt
Press and Public Relations
Phone +49 (0) 5961 502 215
[email protected]
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15.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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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, ,
WKN: 520160
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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