DGAP-Ad-hoc: Berentzen-Gruppe Aktiengesellschaft / Key word(s): Change in Forecast/Quarter Results
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014
Berentzen-Gruppe Aktiengesellschaft: Coronavirus pandemic - Withdrawal of forecast for the 2020 financial year, impacts on quarterly results Q1 2020
However, in view of the rapid spread of the Coronavirus pandemic since then and particularly in the last few days, the state crisis measures introduced in connection with it and their drastic impacts on the economy, a sufficiently reliable and secure assessment of the course of Berentzen Group's business development in the 2020 financial year is no longer possible. As a result, the Forecast Report for the 2020 financial year submitted in the context of the 2019 Annual Report is no longer valid, so that the forecast made therein or the outlook submitted when the preliminary financial results were published at the beginning of February 2020 hereby are no longer maintained. In view of the current, extremely dynamic developments and the associated continuing uncertainties, particularly with regard to the further course of the pandemic and its economic impacts, it is currently not possible to update the forecast. The company will issue a new forecast as soon as this is practicable with sufficient reliability and inform the capital market about it in accordance with legal requirements.
The company is responding with comprehensive and targeted measures to limit the economic impacts of the Coronavirus pandemic on the group's business development.
Nevertheless, not least for the reasons mentioned above, Berentzen-Gruppe Aktiengesellschaft expects significant effects on the group's quarterly results for Q1 2020 compared to the same period of the previous year. According to current, preliminary estimates, consolidated sales revenues will decrease by approximately 2.0 % to 4.0 % compared to the same period of the previous year (Q1 2020 range accordingly: EUR 35.4 to 36.2 million; Q1 2019: EUR 36.9 million). At the same time, both consolidated earnings before interest and taxes (consolidated EBIT) with a range of EUR 1.0 to 1.2 million (Q1 2019: EUR 1.7 million) and consolidated EBIT before depreciation and amortization (consolidated EBITDA) with a range of EUR 3.1 to 3.3 million (Q1 2019: EUR 3.7 million) are expected to be significantly lower compared to the same period of the previous year.
For an explanation of the aforementioned earnings-related key performance indicators, reference is made to the Annual Report 2019 of Berentzen-Gruppe Aktiengesellschaft (see page 78 f. in the German and English language versions), which is published on the company's website and can be downloaded from the following link: https://www.berentzen-gruppe.de/en/investors/reports
Information regarding the issuer of this announcement
26-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Phone:||+49 (0)5961 502-0|
|Fax:||+49 (0)5961 502-550|
|Listed:||Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1007653|
|End of Announcement||DGAP News Service|
1007653 26-March-2020 CET/CEST