Berentzen-Gruppe Aktiengesellschaft publishes Interim Report Q1/2024

EQS-News: Berentzen-Gruppe Aktiengesellschaft / Key word(s): Quarterly /
Interim Statement/Quarter Results
Berentzen-Gruppe Aktiengesellschaft publishes Interim Report Q1/2024

07.05.2024 / 07:11 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Press release no. 8/2024

Berentzen-Gruppe Aktiengesellschaft publishes Interim Report Q1/2024
Earnings and profitability increased in the first quarter of the 2024
financial year

  * Consolidated EBIT of EUR 1.3 million achieved - an increase of 33.0%
    compared to the same quarter of the previous year

  * Consolidated revenues of EUR 40.9 million slightly below the same
    quarter of the previous year

* Annual forecast confirmed

Haselünne, 7 May 2024 - Berentzen-Gruppe Aktiengesellschaft (ISIN:
DE0005201602), which is listed on the Regulated Market (General Standard) of
the Frankfurt Stock Exchange, has published its Interim Report for the first
quarter of the 2024 financial year. In the first three months, the corporate
group generated consolidated revenues of EUR 40.9 million (Q1/2023: EUR 41.8
million). Consolidated operating profit before interest and taxes
(consolidated EBIT) totalled EUR 1.3 million (Q1/2023: EUR 1.0 million),
while consolidated operating profit before interest, taxes, depreciation and
amortisation (consolidated EBITDA) amounted to EUR 3.4 million (Q1/2023: EUR
2.9 million).

The beginning of the year was characterised by a difficult market
environment with consumer restraint as a result of inflation. "In the first
quarter of this year, we were nevertheless able to achieve pleasing revenue
growth for our two strategic core brands Berentzen and Mio Mio", says Oliver
Schwegmann, CEO of Berentzen-Gruppe Aktiengesellschaft. The revenue success
of the Berentzen brand is attributable in particular to the spirits category
of liqueurs, which is the strategic focus. "This is confirmation that we are
on the right track with our product strategy," says Schwegmann. According to
market research data, March showed the first signs of a recovery in the
overall sales markets for both spirits and non-alcoholic beverages in
Germany.

The fact that a slight decline in revenues of 2.2% was recorded across the
Group despite positive developments was mainly due to two individual
factors. Firstly, the cooperation business with prominent artists in the
Non-alcoholic Beverages segment was terminated last year. "This negative
revenue effect in relation to the first quarter is already bigger than the
slight decline in revenues across the Group as a whole," said Schwegmann.

Secondly, several high-revenue marketing campaigns were not realised in the
first quarter of 2024 due to difficult price negotiations with some key
retail partners. This had a particularly negative impact on the revenue
performance of the strategic core brands in the marketing focus - especially
the Puschkin brand. "Increasing our profitability is a central element of
our Building BERENTZEN 2028 strategy, which we presented in February. In
addition to optimising the portfolio and customer mix, further price
increases are also necessary to regain our margin quality after years of
cost explosions," explains Schwegmann, adding: "Temporary conflicts with an
impact on revenues during phases of intensive negotiations are part of the
game." Revenue in the Fresh Juice Systems segment remained stable compared
to the same quarter of the previous year.

However, the key earnings figures consolidated EBITDA and consolidated EBIT
increased. Consolidated EBITDA increased by 17.5% to EUR 3.4 million compared
to the same quarter of the previous year. Consolidated EBIT increased by
33.0% to EUR 1.3 million. "We have thus succeeded in significantly improving
our profitability in the first quarter. We have thus taken an important
first step towards achieving our ambitious medium-term targets," said
Schwegmann.

Further outlook for the 2024 financial year

Against this backdrop, the Berentzen Group confirms its annual forecast for
the 2024 financial year. The corporate group expects positive momentum for
all three key performance indicators. Consolidated revenues are forecast to
range between EUR 190.0 million and EUR 200.0 million. Consolidated EBITDA
is expected to be between EUR 17.2 million and EUR 19.2 million and
consolidated EBIT between EUR 8.0 million and EUR 10.0 million.

"We are determined to further strengthen our market presence with a clear
focus on our strategy and to reach the first important milestone in our
growth plan for the coming years as early as 2024," concludes Schwegmann.

The Interim Report Q1/2024 was published at
https://www.berentzen-gruppe.de/en/investors/reports

About the Berentzen Group:

The Berentzen Group is a modern, innovative beverage group whose roots go
back over 260 years. Broadly positioned with its Spirits, Non-alcoholic
Beverages and Fresh Juice Systems divisions, the corporate group today
develops, produces and markets beverage concepts for a wide range of
consumer needs - from spirits, mineral waters and lemonades to Fruit juicers
for freshly squeezed orange juice. With well-known brands such as Berentzen,
Puschkin, Mio Mio and Citrocasa as well as contemporary private label
products, the Berentzen Group is present in more than 60 countries
worldwide. The shares of Berentzen-Gruppe Aktiengesellschaft (ISIN
DE0005201602) are listed on the Regulated Market (General Standard) of the
Frankfurt Stock Exchange.

Further information is available at:

Berentzen Group Aktiengesellschaft

Thorsten Schmitt

Director Corporate Communications & Strategy

Phone +49 (0) 5961 502 215

pr@berentzen.de

www.berentzen-gruppe.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 502-372
   E-mail:         ir@berentzen.de
   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:    1896939

End of News EQS News Service
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1896939 07.05.2024 CET/CEST