11.08.2020 Berentzen-Gruppe Aktiengesellschaft  DE0005201602

DGAP-News: Berentzen-Gruppe Aktiengesellschaft publishes Half-yearly Financial Report: Profitable despite dampening effects caused by the coronavirus


 

DGAP-News: Berentzen-Gruppe Aktiengesellschaft / Key word(s): Half Year Results
Berentzen-Gruppe Aktiengesellschaft publishes Half-yearly Financial Report: Profitable despite dampening effects caused by the coronavirus

11.08.2020 / 07:03
The issuer is solely responsible for the content of this announcement.


Press release No. 19/2020


Berentzen-Gruppe Aktiengesellschaft publishes Half-yearly Financial Report
Profitable despite dampening effects caused by the coronavirus

- Consolidated revenues of EUR 73.5 million fall short of level recorded in the first half of last year, in line with expectations

- Consolidated operating profit (EBIT) still positive at EUR 2.1 million

Haselünne, August 11, 2020 - Berentzen-Gruppe Aktiengesellschaft, which is listed on the regulated market (General Standard) of the Frankfurt Stock Exchange (ISIN: DE0005201602), today published its Group Half-yearly Financial Report. In the first half of the 2020 financial year, the corporate group generated consolidated revenues of EUR 73.5 million (first half of 2019: EUR 79.2 million). Consolidated earnings before interest and taxes (consolidated EBIT) amounted to EUR 2.1 million in the first six months of the 2020 financial year (first half of 2019: EUR 5.0 million), while consolidated earnings before interest, taxes, depreciation and amortisation (consolidated EBITDA) stood at EUR 6.4 million (first half of 2019: EUR 9.0 million). This was in line with the preliminary business figures published on July 22, 2020.

"Despite the many challenges the coronavirus pandemic has brought to our doorstep, we operated profitably in the first half of 2020, although of course we originally expected to perform much better," sums up Oliver Schwegmann, member of the Executive Board of Berentzen-Gruppe Aktiengesellschaft. He goes on to say: "However, the massive restrictions on public and private life have affected consumer behaviour, and consequently impacted our business with branded spirits as well as our Non-alcoholic Beverages and Fresh Juice Systems segments - albeit in very different ways."

Despite losses resulting from the at times almost complete closure of restaurants, the Spirits segment recorded a slight increase in revenues of 0.5% compared with the equivalent period last year. "We have our private label business to thank for this. Here, we benefitted from our unique position in the food retail trade and stepped up our marketing of premium private label products in particular over the last six months," says Schwegmann. Meanwhile, sales of products marketed under the core brands fell. "The products marketed under the Berentzen and Puschkin brands are primarily enjoyed in social situations and when celebrating in gatherings. Unfortunately, as a result of the coronavirus pandemic, only a very limited number of such occasions have been able to take place in the last few months," explains Schwegmann.

He goes on to say that the Non-alcoholic Beverages segment was heavily impacted by the closure of restaurants, with the franchise business particularly affected. "Sales of our proprietary brands increased slightly, however, primarily thanks to the Mio Mio brand, which is still seeing very dynamic developments. This reinforces our resolve to develop into a national brand manufacturer this segment, too, and reduce our dependence on third parties," explains Schwegmann. On the whole, the Non-alcoholic Beverages segment recorded a loss in revenues of around 10%.

The Fresh Juice Systems segment was hit most severely by the coronavirus pandemic, says Schwegmann, with revenues falling by around 25%. "This development was mainly due to the at times almost complete standstill in equipment purchases, including our fruit presses, in these challenging times both in the food retail trade and in hotels and restaurants. However, sales of our devices were already starting to pick up again at the end of the first six months of the year," says Schwegmann.

"Despite the dampening effects we have seen over the course of the year so far, we have emerged comparatively well from the coronavirus pandemic. This is thanks in particular to the countermeasures we took at an early stage with a view to cushioning the effects of the pandemic as far as possible," explains Schwegmann. These measures included significantly lowering the scope of investment, reducing the amount of work outsourced to external service providers, limiting business travel, cutting back on marketing activities and temporarily reducing working hours in areas of the company that have been severely affected, especially in Sales.

Outlook for the rest of the financial year

"In this context, we expect to close the 2020 financial year profitably and with a positive consolidated operating result," says Schwegmann. With the publication of the preliminary business figures for the first half of the 2020 financial year on July 22, the Berentzen Group also announced a new forecast for the 2020 financial year. The original forecast was withdrawn by the corporate group in March in light of the coronavirus pandemic. For the 2020 financial year, the Berentzen Group now expects to achieve consolidated revenues in the range of EUR 153.0 million to EUR 160.0 million, a consolidated EBIT between EUR 4.0 million and EUR 6.0 million and a consolidated EBITDA between EUR 13.0 million and EUR 15.0 million.

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

Berentzen-Gruppe Aktiengesellschaft
Thorsten Schmitt
Corporate Communications
Tel. +49 (0) 5961 502 215
[email protected]
www.berentzen-gruppe.de



11.08.2020 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.

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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
EQS News ID: 1114719

 
End of News DGAP News Service

1114719  11.08.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 172,13 162,17 167,40 154,59 146,11 174,22 185,65
EBITDA1,2 16,41 17,33 18,36 14,13 15,30 16,70 16,00
EBITDA-Marge3 9,53 10,69 10,97 9,14 10,47 9,59
EBIT1,4 9,22 9,80 9,81 5,21 6,65 8,30 7,71
EBIT-Marge5 5,36 6,04 5,86 3,37 4,55 4,76 4,15
Jahresüberschuss1 2,56 5,17 4,93 1,23 3,66 2,10 0,87
Netto-Marge6 1,49 3,19 2,95 0,80 2,51 1,21 1,54
Cashflow1,7 4,12 5,59 16,61 13,63 11,62 4,91 -3,06
Ergebnis je Aktie8 0,27 0,55 0,52 0,13 0,39 0,22 0,09
Dividende8 0,22 0,28 0,28 0,13 0,22 0,22 0,25
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Berentzen-Gruppe
WKN Kurs in € Einschätzung Börsenwert in Mio. €
520160 5,300 Halten 50,88
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
11,04 22,49 0,46 16,06
KBV KCV KUV EV/EBITDA
1,09 - 0,27 3,61
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,22 0,09 1,70 17.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
07.05.2024 14.08.2024 23.10.2024 28.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-6,29% -9,70% -9,40% -17,96%
    
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Nahrungsmittel/Getränke , 520160 , BEZ , XETR:BEZ