Berentzen-Gruppe AG

Latest Results (23.05.2024):

Revenue Overview Q1/2024

In the first quarter of 2024, Berentzen-Gruppe AG reported a slight decrease in revenue, with total sales amounting to €40.9 million, down by 2.2% from €41.8 million in the same quarter of the previous year. This decline reflects a challenging market environment, despite positive adjustments in product pricing across various segments.

Earnings Performance Q1/2024

Berentzen-Gruppe AG experienced a significant improvement in earnings before interest, taxes, depreciation, and amortization (EBITDA), which increased by 17.5% to €3.437 million in Q1/2024 from €2.925 million in Q1/2023. The EBITDA margin also rose to 7.9% from 6.3%, indicating enhanced operational efficiency and cost management.

Spirits Segment Q1/2024

The Spirits segment of Berentzen-Gruppe AG saw a marginal revenue decline of 0.4% in Q1/2024, totaling €24.754 million compared to €24.851 million in the previous year. Despite the overall market challenges, the segment benefited from targeted price increases and strong performance in specific brand categories, notably the Berentzen fruit liqueurs.

Non-Alcoholic Beverages Q1/2024

Revenue in the Non-Alcoholic Beverages segment fell by 9.3% to €9.443 million in Q1/2024 from €10.415 million in Q1/2023. Although there were price increases, the segment was impacted by lower sales volumes, particularly in the mineral water and soft drinks categories, where ongoing price negotiations and reduced promotional activities by large retailers affected sales.

Outlook for 2024

Berentzen-Gruppe AG has reaffirmed its earnings forecast for the full year 2024, expecting continued positive development in adjusted EBIT and EBITDA. The company remains focused on strategic initiatives to enhance product offerings and operational efficiencies to navigate the persisting market volatilities effectively.