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PRESS RELEASE : Berentzen Group publishes Interim Report for the first quarter of 2021: Positive operating result despite ongoing lockdown

05/04/2021 | 01:12am EDT
DGAP-News: Berentzen-Gruppe Aktiengesellschaft / Key word(s): Quarterly / Interim Statement 
Berentzen Group publishes Interim Report for the first quarter of 2021: Positive operating result despite ongoing 
2021-05-04 / 07:10 
The issuer is solely responsible for the content of this announcement. 
Press release No. 10/2021 
Berentzen Group publishes Interim Report for the first quarter of 2021 
Positive operating result despite ongoing lockdown 
- Consolidated revenues of EUR 31.4 million achieved 
- Consolidated EBIT and consolidated EBITDA are positive but lower than in Q1 2020, as anticipated 
- Forecast for the 2021 financial year confirmed 
Haselünne, May 4, 2021 - Berentzen-Gruppe Aktiengesellschaft, which is listed on the Regulated Market (General 
Standard) of the Frankfurt Stock Exchange (ISIN: DE0005201602), today presented its Interim Report for the first 
quarter of the 2021 financial year. Over the first three months of this year, the corporate group generated 
consolidated revenues of EUR 31.4 million (Q1 2020: EUR 36.2 million). Consolidated earnings before interest and taxes 
(consolidated EBIT) for the first quarter stood at EUR 0.5 million (Q1 2020: EUR 1.1 million). Consolidated earnings 
before interest, taxes, depreciation and amortisation (consolidated EBITDA) came to EUR 2.7 million (Q1 2020: EUR 3.2 
"As expected, and as we already communicated at the beginning of the year, the coronavirus pandemic had a significant 
impact on our business activities in the first quarter of the 2021 financial year," explained Oliver Schwegmann, one of 
the members of the Executive Board of Berentzen-Gruppe Aktiengesellschaft. The ongoing lockdown has placed massive 
restrictions on public and private life over all three months of the quarter, he continued, pointing out the contrast 
to the equivalent quarter in the previous year, when the pandemic only resulted in dampening effects lasting several 
weeks - starting in mid-March. "Despite this challenging economic and social situation, we still managed to close the 
first quarter of 2021 profitably and achieve a positive consolidated operating result", said Schwegmann. 
All segments across the Berentzen Group experienced declines in revenues, although to widely varying extents. The Fresh 
Juice Systems segment continued to record the strongest fall in revenues. Developments were also very heterogeneous 
within the segments. "While in the Spirits segment, for example, revenues from our core brands Berentzen and Puschkin 
continue to suffer massively from the cancellation of consumption occasions, such as public and private celebrations, 
we achieved significant growth among our premium spirits as well as in the area of brands and private-label brands", 
explained Schwegmann, adding: "Despite the challenging times we are facing, our Non-alcoholic Beverages segment again 
recorded double-digit revenue growth thanks to the Mio Mio brand. However, the franchise business' significant slump in 
restaurants coupled with lower revenues from the contract bottling business in particular resulted in an overall 
decline in revenues in this segment." 
Further outlook for the 2021 financial year 
Given the current rate of infection and the ongoing lockdown situation, the Berentzen Group anticipates challenges in 
the second quarter of the financial year, too. However, as the vaccination programme progresses and steps are taken to 
return to normality, the corporate group expects to see a gradual recovery in its business activities over the further 
course of the year. The corporate group therefore confirms its annual forecast again today. Specifically, the corporate 
group expects to achieve consolidated revenues in the range of EUR 152.0 million to EUR 158.0 million, a consolidated 
EBIT between EUR 4.0 million and EUR 6.0 million and a consolidated EBITDA between EUR 13.0 million and EUR 15.0 
About the Berentzen Group: 
The Berentzen Group is a broad-based beverage company operating in the following three segments: Spirits, Non-alcoholic 
Beverages and Fresh Juice Systems. The Berentzen Group is one of the oldest producers of spirits in Germany with a 
corporate history going back over 250 years. Today, it has a presence in more than 60 countries around the world with 
well-known brands like Berentzen and Puschkin and attractively priced private label products. In its Non-alcoholic 
Beverages segment, the corporate group produces mineral waters, carbonated and non-carbonated soft drinks under its own 
brands and also boasts more than 50 years of experience in the franchise business for soft drinks, currently acting as 
franchisee for the Sinalco brand. In addition, the Berentzen Group markets innovative fresh juice systems under the 
Citrocasa brand in its third segment, thus serving the fast-growing market for modern, health-oriented drinks. The 
Berentzen-Gruppe Aktiengesellschaft share (ISIN DE0005201602) is listed on the regulated market (General Standard) of 
the Frankfurt Stock Exchange. 
Further information is available at 
Berentzen-Gruppe Aktiengesellschaft 
Thorsten Schmitt 
Corporate Communications 
& Investor Relations 
Tel. +49 (0) 5961 502 215 
2021-05-04 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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 
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:  1192016 
End of News   DGAP News Service 

1192016 2021-05-04

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(END) Dow Jones Newswires

May 04, 2021 01:11 ET (05:11 GMT)

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Sales 2021 156 M 189 M 189 M
Net income 2021 2,60 M 3,16 M 3,16 M
Net Debt 2021 - - -
P/E ratio 2021 22,5x
Yield 2021 2,22%
Capitalization 59,2 M 71,8 M 71,9 M
Capi. / Sales 2021 0,38x
Capi. / Sales 2022 0,36x
Nbr of Employees 467
Free-Float 97,9%
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Mean consensus BUY
Number of Analysts 1
Average target price 8,00 €
Last Close Price 6,30 €
Spread / Highest target 27,0%
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Managers and Directors
Oliver Schwegmann Chief Executive Officer
Uwe Bergheim Chairman-Supervisory Board
Bernhard Düing Independent Member-Supervisory Board
Frank Schübel Deputy Chairman-Supervisory Board
Heike Brandt Independent Member-Supervisory Board