EQS-News: Berentzen-Gruppe Aktiengesellschaft publishes Interim Report Q1/2024
Source: EQS
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Berentzen-Gruppe Aktiengesellschaft publishes Interim Report Q1/2024
Haselünne,
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
However, the key earnings figures consolidated EBITDA and consolidated EBIT increased. Consolidated EBITDA increased by 17.5% to € 3.4 million compared to the same quarter of the previous year. Consolidated EBIT increased by 33.0% to Further outlook for the 2024 financial year
Against this backdrop, the
"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
About the
Further information is available at:
Berentzen Group Aktiengesellschaft Thorsten Schmitt Phone +49 (0) 5961 502 215
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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 |
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1896939 07.05.2024 CET/CEST