26.04.2018
Berentzen-Gruppe Aktiengesellschaft DE0005201602
DGAP-News: Berentzen-Gruppe Aktiengesellschaft: Interim Report for the first quarter of 2018 published - Profitable start to the year for Berentzen-Group
DGAP-News: Berentzen-Gruppe Aktiengesellschaft / Key word(s): Quarterly /
Interim Statement
Berentzen-Gruppe Aktiengesellschaft: Interim Report for the first quarter of
2018 published - Profitable start to the year for Berentzen-Group
26.04.2018 / 06:55
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. 10/2018
Interim Report for the first quarter of 2018 published
Profitable start to the year for Berentzen-Group
- Higher consolidated operating profit (EBIT) despite a decline of revenues
- Consolidated revenues: EUR 36.5 million (EUR 38.9 million)
- Consolidated operating profit (EBIT) rises by 10.4 % to EUR 1.7 million
- Earnings forecast for the 2018 financial year confirmed
Haselünne, 26 April 2018 - 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 2018 financial year. Over the first three months of
this year, the corporate group generated consolidated revenues of EUR 36.5
million (Q1 2017: EUR 38.9 million). Consolidated earnings before interest
and taxes (consolidated: EBIT) for the first quarter stood at EUR 1.7
million, 10.4 % higher than in the equivalent period last year (EUR 1.6
million). Consolidated earnings before interest, taxes, depreciation and
amortisation (consolidated EBITDA) improved by 7.6 % to EUR 3.5 million (Q1
2017: EUR 3.2 million). Return on sales (EBIT margin) increased from 4.0% to
4.7%.
"We started the year even more profitably than 2017. We are very pleased
about this, even though we originally did have greater expectations for this
quarter with regard to consolidated revenues," says Oliver Schwegmann, one
of Berentzen-Gruppe Aktiengesellschaft's Executive Board members. The Fresh
Juice Systems segment in particular had seen a significant fall in revenues.
"Sales of fruit presses on the important French market in the first quarter
did not yet reach the very high level seen in recent years," explains
Schwegmann and continues: "In the USA, in contrast, sales are enjoying
positive developments again after the challenges experienced last year, but
are not yet matching previous growth rates. We are extremely satisfied with
the rise in sales figures in the German-speaking area."
In the Non-alcoholic Beverages segment, it was specifically the contract
bottling that caused actual developments to fall below expectations. "Our
own brands, above all Mio Mio once again with a large rise in sales of 37
percent, were, in contrast, very successful. In this respect, this situation
fits in well with our vision of developing, in terms of non-alcoholic
drinks, from a regional beverage provider to a self-confident, national
brand-name company," continues Schwegmann. Revenues in the Spirits segment
were in slight decline. "However, our umbrella brands of Berentzen and
Puschkin have once again seen extremely positive developments," Schwegmann
is happy to say. In this segment the corporate group had seen a rise in
sales in comparison to the equivalent period last year.
The increases in consolidated EBIT and EBITDA were attributable to an
improved gross profit margin, a higher level of other operating income and a
slight decline in overheads. "It is in the context of non-alcoholic
beverages, in particular, that the first effects of the ongoing portfolio
adjustment can be seen," explains Schwegmann. "While the elimination of
low-margin products from the range did cause a fall in revenues, we were
however able to increase our gross profit margin at the same time. All in
all, the consolidated earnings provide confirmation of the corporate group's
robust development."
Outlook for the 2018 financial year remains positive
"Furthermore, we are still convinced that we will achieve the earnings
targets we have set ourselves for the 2018 financial year," Schwegmann
continues. The time-lag in the measures initiated since the summer of 2017
that have already been announced - specifically the new marketing and media
campaigns for Spirits and Non-alcoholic Beverages and the further expansion
in the distribution of Mio Mio - means that positive effects reflected in
the earnings figures can be expected especially in the second half of 2018.
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
www.berentzen-gruppe.de/en/
www.berentzen.de/en/
Berentzen-Gruppe Aktiengesellschaft
Thorsten Schmitt
Corporate Communications
Tel. +49 (0) 5961 502 215
[email protected]
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26.04.2018 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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Archive at www.dgap.de
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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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