Preliminary business results for the 2024 financial year published
Berentzen Group significantly improves consolidated operating profit (EBIT) by around 37%

• Consolidated operating profit (EBIT) of EUR 10.6 million (previous year: EUR 7.7 million) achieved
• Consolidated revenue of EUR 181.9 million slightly below previous year (EUR 185.7 million)

Haselünne, February 12, 2025 – Berentzen-Gruppe Aktiengesellschaft, which is listed on the Regulated Market (General Standard) of the Frankfurt Stock Exchange (ISIN: DE0005201602) today announced preliminary, unaudited financial results for the 2024 financial year. Accordingly, the Group generated consolidated revenue totalling EUR 181.9 million (2023: EUR 185.7 million). Consolidated operating profit before interest and taxes (consolidated EBIT) adjusted for exceptional effects increased by 37% to EUR 10.6 million (2023: EUR 7.7 million). Consolidated operating profit before interest, taxes, depreciation and amortisation (consolidated EBITDA) amounted to EUR 19.3 million (2023: EUR 16.0 million).

“We are very pleased to report for the past financial year the highest consolidated EBIT for many years”, says Oliver Schwegmann, CEO of the Berentzen Group. Both key earnings figures, consolidated EBIT and consolidated EBITDA, are in the upper half of the increased forecast range updated on August 1, 2024. The significant increase in consolidated EBIT - and consequently also in consolidated EBITDA - compared to the previous year was primarily due to a significant improvement in consolidated gross profit. ”Regaining our gross profit strength is a goal that we have been focussing on since the massive price increases resulting from the war in Ukraine. In the 2024 financial year, in addition to dynamic developments in strategic core topics, it was improvements in product margins in particular that enabled us to operate so profitably”, explains Schwegmann.

Consolidated revenues of EUR 181.9 million, however, were slightly below the previous year's level. The main reason for this development is the overall decline in sales volumes. ”We are still in a challenging market situation”, says Schwegmann. ”Consumers are noticeably unsettled by inflation and general economic crises, which is reflected in a clear reluctance to spend“. In addition, temporary conflicts with some retail partners in connection with the necessary price increases led to the suspension of promotional activities, which also had a negative impact on sales. The sale of the Grüneberg site and the associated mineral water brands last year also contributed to the decline in revenue.

New corporate strategy shows first results

In February of last year, the Berentzen Group published its new corporate strategy Building BERENTZEN 2028, which for the first time also included a medium-term forecast for the 2028 financial year. ”The significant increase in our key earnings figures in the 2024 financial year shows that we have already made significant progress towards our ambitious medium-term targets after just one year”, explains Schwegmann. In line with its strategy, the beverage group also sold the production site for non-alcoholic beverages in Grüneberg last year, which led to a corresponding exceptional effect for the 2024 financial year but will have a positive impact on both consolidated operating profit and free cash flow in the medium term. ”We have also set ourselves ambitious targets for the 2025 financial year. In addition to focusing on further improving profitability, we will again expand our sales structure and massively increase our marketing and communications budgets in order to achieve a positive development in our sales volumes. We are convinced that this will enable us to continue to succeed in a challenging market environment in the future”, Schwegmann concluded.

The preliminary operating results of Berentzen-Gruppe Aktiengesellschaft are subject to verification by the independent auditor and approval by the Supervisory Board. The final operating results and further information on the 2024 financial year and the 2025 forecast will be published according to plan on March 27, 2025 with the 2024 Annual Report.

About the Berentzen Group:
The Berentzen Group is a modern, innovative beverage company with a history dating back more than 260 years. Broadly positioned in the segments of Spirits, Non-Alcoholic Beverages, and Fresh Juice Systems, the Group today develops, produces, and markets beverage concepts for a wide range of consumer needs, including spirits, mineral water products, soft drinks, and fruit presses for fresh-squeezed orange juice. With well-known brands like Berentzen, Puschkin, Mio Mio, and Citrocasa, as well as contemporary private-label products, the Berentzen Group is present today in more than 60 countries of the world. The shares of Berentzen-Gruppe Aktiengesellschaft (ISIN DE0005201602) are listed on the Regulated Market (General Standard) of the Frankfurt Stock Exchange.


Further information is available at:

Berentzen-Gruppe Aktiengesellschaft
Thorsten Schmitt
Director Corporate Communication & Strategy
Tel. +49 (0) 5961 502 215
pr@berentzen.de
www.berentzen-gruppe.de