Berentzen-Gruppe Reports Significant EBIT Growth in 9M 2024

Berentzen-Gruppe Aktiengesellschaft has released its preliminary operating results for the first nine months of 2024. The company reports a substantial increase in its consolidated operating profit (EBIT), which totaled EUR 7.6 million, marking a 52% rise compared to the same period last year. Consolidated EBITDA also increased to EUR 14.1 million, up from EUR 11.2 million in 2023. Meanwhile, consolidated revenues stood at EUR 133.5 million, slightly down by 0.8% from the previous year.

According to CEO Oliver Schwegmann, the company’s profitability strategy, Building BERENTZEN 2028, continues to yield positive results. Despite a decline in sales volumes due to weaker consumer spending and economic uncertainties, the company maintained stable revenue levels. The growth in EBIT and EBITDA is attributed primarily to improved unit margins.

Berentzen confirms its updated annual forecast, expecting EBIT to range between EUR 9.0-11.0 million and EBITDA between EUR 18.0-20.0 million. Final results will be disclosed on October 23, 2024.