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BERENTZEN-GRUPPE AKTIENGESELLSCHAFT (FRA:DE000520) Berentzen-Gruppe Aktiengesellschaft: Service agreement for the filling of non-alcoholic branded products of an international beverage group (so-called 'contract bottling business') ends at the end of 2020

Directive transparence : information réglementée

22/06/2020 14:59

DGAP-Ad-hoc: Berentzen-Gruppe Aktiengesellschaft / Key word(s): Contract/Agreement
Berentzen-Gruppe Aktiengesellschaft: Service agreement for the filling of non-alcoholic branded products of an international beverage group (so-called 'contract bottling business') ends at the end of 2020

22-Jun-2020 / 14:59 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014

Haselünne, June 22, 2020

Berentzen-Gruppe Aktiengesellschaft: Service agreement for the filling of non-alcoholic branded products of an international beverage group (so-called "contract bottling business") ends at the end of 2020

The Berentzen Group has been informed by its customer, an international beverage group, that it does not intend to continue the long-standing cooperation on filling its non-alcoholic branded products beyond 2020. The service agreement with Vivaris Getränke GmbH & Co. KG, Haselünne, a subsidiary of Berentzen-Gruppe Aktiengesellschaft, will accordingly end with effect from the end of December 31, 2020. The background to this is the customer's internal structural measures with regard to the supply chain.

The current contract bottling business will be continued according to contract until the end of the year 2020.

The reduction in consolidated revenues expected from the termination of this contract bottling business in the Non-Alcoholic Beverages segment from the 2021 financial year onwards, when viewed in isolation, amounts to approximately 12.0 million euros per year. However, taking into account countermeasures to be taken and due to the comparatively weak earnings quality of the contract bottling business, the effect on adjusted consolidated earnings before interest and taxes (consolidated EBIT) for the financial years from 2021 onwards is expected to be of minor significance. However, dependent on the type and scope of the measures, in total one-time exceptional effects negatively impacting earnings cannot be excluded completely in financial year 2020.

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 www.berentzen-gruppe.de/en/ and can be downloaded from the following link: www.berentzen-gruppe.de/en/investors/reports

Information regarding the issuer of this announcement

Berentzen-Gruppe Aktiengesellschaft with its registered office in Haselünne, Germany, is a listed company in the beverages industry operating in the following segments: Spirits, Non-alcoholic Beverages, and Fresh Juice Systems.

ISIN: DE0005201602
WKN: 520160
Ticker symbol: BEZ
Listings: Regulated Market (General Standard) in Frankfurt, XETRA
OTC trading in Berlin, Düsseldorf, Hamburg, Hanover, Munich, Stuttgart

Berentzen-Gruppe Aktiengesellschaft
Ritterstr. 7
49740 Haselünne, Germany
Phone: +49 (0) 59 61 502 0
Fax: +49 (0) 59 61 502 268
E-Mail:
info@berentzen.de
Internet: www.berentzen-gruppe.de/en/

Contact
Jochen Klein
Investor Relations Manager
Telefon: +49 (0) 5961 502 219
Mobil: +49 (0) 151 1562 8102
Telefax: +49 (0) 5961 502 550
E-Mail: jochen.klein@berentzen.de


22-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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, ,
WKN: 520160
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1075371

 
End of Announcement DGAP News Service

1075371  22-Jun-2020 CET/CEST

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