Berentzen-Gruppe Aktiengesellschaft
Berentzen-Gruppe Aktiengesellschaft: Strong revenue and profit growth in first half of 2016
DGAP-News: Berentzen-Gruppe Aktiengesellschaft / Key word(s): Half Year Results P R E S S R E L E A S E No.14/2016 Press release for the first half of the 2016 financial year Berentzen-Gruppe Aktiengesellschaft: Strong revenue and profit growth in first half of 2016 – Consolidated revenues up 8.6% to EUR 82.0 million – Consolidated EBIT jumps 60.8% to EUR 4.0 million – Spirits brands Berentzen and Puschkin growing faster than the market – Citrocasa, Mio Mio and Sinalco franchise operation with distinct double-digit growth rates – Sharp rise in total operating performance and consolidated EBIT still anticipated for 2016 Haselünne, August 15, 2016 – Berentzen-Gruppe Aktiengesellschaft, which is listed on the regulated market (General Standard) of the Frankfurt Stock Exchange (ISIN: DE0005201602), recorded an increase in consolidated revenues to EUR 82.0 million (EUR 75.6 million) in the first half of the 2016 financial year. Consolidated operating profit (EBIT) rose sharply in the reporting period to reach EUR 4.0 million (EUR 2.5 million), while consolidated profit increased to EUR 1.5 million (EUR 1.2 million). Frank Schübel, Executive Board Spokesman of Berentzen-Gruppe Aktiengesellschaft, is satisfied with the performance of the corporate group in the first half of 2016: “Our strategic programmes are running pretty much to plan, which is helping to constantly improve our profitability indicators. Our realignment strategy, which primarily addresses healthy and fresh drinks segments, is now paying dividends for a third year in a row. And we’re also enjoying stable growth rates with our Berentzen and Puschkin spirits brands thanks to a high level of innovation. Our half-year profit shows how the strategy we’re pursuing is bearing the desired fruit.” Developments in the segments Within this total, the activities involving fresh juice systems operated under the Citrocasa brand continued to expand rapidly, with revenues rising by 33.5% in the first six months of the current financial year. Frank Schübel comments: “We’re extremely satisfied with the pace of growth to date. As market penetration for the Citrocasa business has been low to this point in most countries, we expect the volume of business to go on expanding here. Our goal for the medium term is to fill in any blank spaces on the map.” The Non-alcoholic Beverages segment also performed well with revenue growth of 6.9%, which is much faster than the market. Between January and June 2016, sales of beverages marketed under the Mio Mio brand grew by nearly 60% compared with the first half of last year on the back of an expanded distribution network and greater consumer acceptance. Sales in the franchise business involving Sinalco branded drinks were up more than 20% on the first six months of 2015 thanks to strong new customer business. Revenues in the Spirits segment expanded by 4.9% during the reporting period in the face of a contracting domestic market overall. Sales volumes of the Berentzen and Puschkin umbrella brands rose by 4.7% and 10.3% respectively, a success built around innovative concepts together with consistent brand management and promotions policy. The Berentzen Group recorded an increase of 10.6% in sales of branded dealer and private-label products in line with gains from new volume contracts and a higher proportion of value-adding concepts. The international business with branded spirits contracted by 16.2% compared with the equivalent period last year, attributable mainly to the well-known situations in the crisis-hit countries of eastern Europe and Turkey. Wherever possible, suitable adjustments to the cost structures have been made in response to these market conditions. Outlook Consequently, Berentzen-Gruppe Aktiengesellschaft is retaining unchanged its expectation for the 2016 financial year of a sharp increase in both total operating performance and consolidated operating profit compared with last year. The 2016 Group Half-yearly Report can be downloaded from the corporate website of Berentzen-Gruppe Aktiengesellschaft – www.berentzen-gruppe.de – using the following link: http://www.berentzen-gruppe.de/en/investors/announcements/financial-reports/ About the Berentzen Group: For more information: Berentzen-Gruppe Aktiengesellschaft
2016-08-15 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 |