DGAP-News: Berentzen-Gruppe Aktiengesellschaft / Key word(s): Half Year Results
Berentzen-Gruppe Aktiengesellschaft publishes Half-yearly Financial Report
"Today we can look back at a very successful first half of 2019", says Oliver Schwegmann, member of the Executive Board of Berentzen-Gruppe Aktiengesellschaft. He goes on to say: "The figures show that we have taken the right path with the corporate group." For example, he explains, the focus on higher-quality and profitable articles has yielded positive results. Schwegmann explains the main reason for the improved earnings as follows: "We succeeded in significantly increasing our gross profit margin and consequently also our absolute gross profit".
For Schwegmann, one particularly pleasing aspect in the first six months of the 2019 financial year was the development of the Fresh Juice Systems segment, with revenues up 6.1%. Meanwhile, in the Non-alcoholic Beverages segment, the Berentzen Group reported a rise in revenues by 4.8%, he explains. "Although our products sold under the Mio Mio brand have already achieved a considerable market volume, we once again noted a high growth rate, with sales up 34%. We are particularly pleased about this success", says Schwegmann. He tells us that the business with mineral waters likewise developed positively in the first half of the year.
By contrast, revenues in the Spirits segment slipped slightly, down 2.3% compared to the first six months of the previous year, according to Schwegmann. "We are still operating in a highly competitive market here, and are responding accordingly: We have streamlined our product portfolio by discontinuing unprofitable articles and have consciously reduced marketing campaigns that are too aggressive on price and burden earnings. That is also part of our strategy, which prioritises an increase in value added", explains Schwegmann.
Outlook for the rest of the 2019 financial year
"We are convinced that we will achieve our own revenues and earnings targets for the 2019 financial year", emphasises Schwegmann. Consolidated revenues are set to rise to somewhere between EUR 164.7 million and EUR 173.4 million in the 2019 financial year. Consolidated EBIT and consolidated EBITDA are expected to range from EUR 9.0 million to EUR 10.0 million and from EUR 17.0 million to EUR 18.8 million respectively. "Particularly because we are not only looking at short-term success but thinking and acting in a forward-looking manner, we are ensuring that we as a corporate group are operating profitably in the long term and are in a robust position going forward", concludes Schwegmann.
About the Berentzen Group:
13.08.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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|EQS News ID:||856415|
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