Berentzen Group Releases Preliminary Business Results For Q3 / 2021: Profits Rise At End Of Q3 – FY2021 Profit Forecast Raised
Haselünne, October 5, 2021 – Berentzen-Gruppe Aktiengesellschaft, which is listed on the Regulated Market (General Standard) of the Frankfurt Stock Exchange (ISIN: DE0005201602) today announced ahead of schedule its preliminary financial results for the third quarter of 2020. Consolidated profit before interest and taxes (consolidated EBIT) should amount to 5.1 million euros (Q1-Q3 2020: 3.6 million euros), a significant increase of 41.7%. Consolidated profit before interest, taxes and depreciation (consolidated EBITDA) is expected to increase to 11.9 million euros (Q1-Q3 2020: 10.2 million euros). Consolidated turnover is expected to amount to 105.8 million euros, a decrease of 6.3% compared to the same period of the previous year (Q1-Q3 2020: 112.9 million euros). Adjusted for the effect of terminating a bottling contract in the Non-Alcoholic Beverages segment, which was strong in terms of revenue but weak in terms of revenue, the revenue decline would only be 0.3%.
Due to the significant deviations from the previous year – in particular with regard to the significantly higher profit figures of Consolidated EBIT and Consolidated EBITDA – Berentzen-Gruppe Aktiengesellschaft today informed the market of the capital with an announcement. In this context, the Berentzen Group also announced the adjustment of the annual forecast for the 2021 financial year.
“As we have already communicated in our half-year financial report, the effects of the COVID-19 pandemic – particularly in the first quarter – and the termination of the bottling contract in the Non-alcoholic beverages segment had a significant impact on our business activities and leads to a cumulative decline in revenues. However, we have managed to reduce the drop in revenues over the last two quarters, ”said Oliver Schwegmann, CEO of Berentzen-Gruppe Aktiengesellschaft. The consolidated gross margin was almost stable in the first nine months compared to the same period of the previous year due to a significantly better consolidated gross profit margin. This, together with efficient cost management, led to a significant increase in consolidated EBIT and EBITDA. “The results released today demonstrate that we are succeeding with our profitability strategy – even in difficult times,” said Schwegmann. He said he was particularly pleased that the Berentzen Group was able to significantly improve its main results in the second and third quarters compared to the respective quarters of the previous year.
New perspectives for the 2021 financial year
In the light of the evolution of the activity to date, the Berentzen Group is now adjusting its annual forecasts. The Group now expects a consolidated EBIT of between € 6.0 million and € 7.0 million (so far: € 4.0 million to € 6.0 million) and a consolidated EBITDA of between € 15.0 million and € 16.0 million (to date: € 13.0 million to € 15.0 million). ). The consolidated turnover will amount to a minimum of 145.0 million euros and a maximum of 150.0 million euros (so far: from 152.0 million euros to 158.0 million euros). “Regarding the successes we have already achieved at the end of the third quarter, we now expect a significantly better result for fiscal 2021 than initially expected. However, the sizable end-of-year activity around Christmas and New Year is still difficult to estimate due to the unpredictable further development of the coronavirus pandemic, ”concludes Schwegmann.
Further information on the first nine months of the 2021 financial year as well as details on the various segments of the Berentzen group will be announced with the planned publication of the interim report Q3 / 2021 on October 21, 2021.
Berentzen-Gruppe SA published this content on 05 October 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 05 October 2021 03:28:02 PM UTC.