Berentzen-Gruppe Aktiengesellschaft
Berentzen Group maintains high-level growth trend in Q3 2016
DGAP-News: Berentzen-Gruppe Aktiengesellschaft / Key word(s): Quarterly / Interim Statement/Quarterly / Interim Statement P R E S S R E L E A S E No. 21 /2016 Released for immediate publication Berentzen Group maintains high-level growth trend in Q3 2016 – Consolidated revenues up 8.0% to EUR 124.7 million – Consolidated EBIT climbs 48.9% to EUR 7.0 million – Strategic brands expand much faster than the market – Outlook for 2016 reaffirmed: sharp increase in earnings figures expected Haselünne, October 27, 2016 – Berentzen-Gruppe Aktiengesellschaft, which is listed on the regulated market (General Standard) of the Frankfurt Stock Exchange (ISIN: DE0005201602), maintained its pattern of growth through the third quarter of 2016. CEO Frank Schübel is highly satisfied with the Company’s performance: “The Berentzen Group is growing strongly. What’s particularly pleasing is the way the positive trend is entrenched across all three pillars of our business model. After nine months of this year, we’ve already reached roughly the same level of earnings that we attained over the whole of last year.” Specifically, consolidated revenues rose by 8.0% to EUR 124.7 (115.5) million in the first nine months of the current financial year. Consolidated earnings before interest and taxes (EBIT) improved sharply to EUR 7.0 (4.7) million in the period from January to September 2016. All three segments – Fresh Juice Systems, Spirits and Non-alcoholic Beverages – contributed to growth. “The consistent strategy built around product innovations and the rising demand for fresh products alongside our classic brands is paying off,” explains Frank Schübel. The business involving fresh juice systems under the Citrocasa brand, for instance, saw its revenues rise by 26.0% in the first nine months compared with the first three quarters for last year. The Non-alcoholic Beverages segment similarly performed extremely well. Despite a contracting market in Germany overall (down 1.3% according to the German mineral water association VDM), the Berentzen Group recorded a 7.8% increase in revenues during the reporting period. Within this total, the revenues from the highly innovative Mio Mio brand family, which jumped 65.3% over the equivalent period last year, are worthy of special note. The massive increase results from strong consumer demand for Mio Mio Mate, Cola, Cola Zero and the new Mate Banana flavour as well as expanded distribution activities. Revenues in the franchise business involving drinks marketed under the Sinalco brand rose by 21.6% in the period from January to September compared with the year-ago total. The good overall performance also stems in part from the third pillar, the original Spirits segment. Here, too, the domestic market contracted by 3.0% overall (January to August 2016) according to a survey conducted by The Nielsen Company. The Berentzen Group bucked the market trend to increase its revenues by 4.9% during the reporting period. The two strategic umbrella brands, Berentzen and Puschkin, recorded revenues up 7.3% and 6.0% respectively on the back of consistent brand management. The Berentzen Group similarly generated a 7.7% increase in revenues in the spirits business involving branded dealer and private-label products. The positive development is essentially attributable to growth under new volume contracts together with an increase in revenues from products with greater value added. On the other hand, international revenues from branded spirits slipped by 9.2% during the reporting period compared with the first three quarters of last year. The decline can be attributed to the well-known problems in the crisis-hit countries in Eastern Europe and Turkey and has already been incorporated in the forecasts. New shareholder structure Outlook The Q3/2016 Interim Report can be downloaded from the corporate website of Berentzen-Gruppe Aktiengesellschaft – www.berentzen-gruppe.de – using the following link: About the Berentzen Group: For more information Berentzen-Gruppe Aktiengesellschaft
2016-10-27 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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: | ir@berentzen.de | |
Internet: | www.berentzen-gruppe.de | |
ISIN: | DE0005201602, DE000A1RE1V3, | |
WKN: | 520160, A1RE1V | |
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 |