EQS-Adhoc: Berentzen-Gruppe Aktiengesellschaft: Group Half-Yearly Financial Report 2024 / Preliminary business figures as of June 30, 2024 / Update of the forecast for the 2024 financial year / Advanced negotiat

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

Haselünne, August 1, 2024

Berentzen-Gruppe Aktiengesellschaft: Group Half-Yearly Financial Report 2024 / Preliminary business figures as of June 30, 2024 / Update of the forecast for the 2024 financial year / Advanced negotiations on the sale of a site in the Non-alcoholic Beverages segment

Berentzen-Gruppe Aktiengesellschaft, which is listed on the Regulated Market (General Standard) of the Frankfurt Stock Exchange (ISIN: DE0005201602), expects for the first half of the 2024 financial year, based on preliminary business figures available today, a normalised consolidated operating profit (consolidated EBIT) of EUR 5.1 million (H1 2023: EUR 3.3 million) and a normalised consolidated operating profit before depreciation and amortisation (consolidated EBITDA) of EUR 9.4 million (H1 2023: EUR 7.3 million), each adjusted for exceptional effects. Consolidated revenues are expected to amount to EUR 88.1 million (H1 2023: EUR 89.0 million).

The significant increase in consolidated EBIT - and consequently also in consolidated EBITDA - is the result of a significant improvement in consolidated gross profit, in particular due to realised selling price increases and positive material price effects.

At the same time, the Berentzen-Gruppe Aktiengesellschaft announces that the subsidiary Vivaris Getränke GmbH & Co. KG, Haselünne, which operates in the Non-alcoholic Beverages segment of the Berentzen Group, is in advanced negotiations with a strategic buyer regarding the sale of one of its two domestic operating sites, namely the operating site located in Grüneberg, Brandenburg, including the associated well and trademark rights. The sale will take place for a symbolic purchase price of one euro. The intended transaction also includes the conclusion of a contract filling agreement for the Berentzen Group's non-alcoholic products under the Mio Mio brand. The signing of the relevant contractual agreements is expected to take place in August 2024.

The background to this is the continuing burden on the earnings and cash flows of the Non-alcoholic Beverages segment of the Berentzen Group due to the business operations of the Vivaris Getränke GmbH & Co. KG plant in Grüneberg. As a result of its sale, positive earnings and financing effects are expected overall in the future. Annualised and considering the future effects of the intended transaction in isolation, i.e. disregarding other business developments, the Berentzen Group expects, based on current internal estimates and analyses, an increase in consolidated EBIT of up to EUR 1 million in the medium term despite an associated short-term reduction in consolidated revenues of approximately EUR 8.0 to 10.0 million (2023: EUR 185.7 million) and a significant improvement in free cash flow as a result of lower investment requirements. In connection with the highly probable realisation of the transaction, consolidated earnings for the 2024 financial year is expected to be burdened by one-off, largely non-cash exceptional effects of around EUR 4.9 million.

In the course of preparing the consolidated half-yearly financial report 2024, Berentzen-Gruppe Aktiengesellschaft is also updating the forecast for the development of the Group's financial performance for the 2024 financial year that it made when publishing the annual report for the 2023 financial year on March 28, 2024. Based on the preliminary business figures for the first half of 2024 and taking into account the expected effects of the aforementioned intended transaction, the Berentzen Group is now forecasting consolidated revenues for the 2024 financial year in a range of EUR 185.0 to 195.0 million (original forecast: EUR 190.0 to 200.0 million; 2023: EUR 185.7 million) consolidated EBIT in a range of EUR 9.0 to 11.0 million (original forecast 2024: EUR 8.0 to 10.0 million; 2023: EUR 7.7 million) and a consolidated EBITDA in a range of EUR 18.0 to 20.0 million (original forecast 2024: EUR 17.2 to 19.2 million; 2023: EUR 16.0 million).

The preliminary business figures for the first half of the 2024 financial year of Berentzen-Gruppe Aktiengesellschaft are subject to review by the Supervisory Board's Finance and Audit Committee. The final business figures as well as further information on the first half of the 2024 financial year and the updated forecast for the 2024 financial year will be published as planned on August 14, 2024 with the consolidated half-yearly financial report.

For an explanation of the aforementioned income-related performance indicators, reference is made to the 2023 Annual Report of Berentzen-Gruppe Aktiengesellschaft published on the corporate website www.berentzen-gruppe.de (see page 38 f. in the German language version and page 37 f. in the English language version), which is available at the following link: www.berentzen-gruppe.de/investoren/berichte/ (German language version), www.berentzen-gruppe.de/en/investors/reports (English language version). It also contains explanations on the classification of Exceptional effects (see page 25 in the German version and page 24 in the English version) and on the definition and calculation of free cash flow (see page 3 in the German version and page 3 in the English version).

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:  berentzen@berentzen.de

Internet:  www.berentzen-gruppe.de/en/

Contact

Axel Kuipers

Corporate Communications & Investor Relations

Telefon: +49 (0) 5961 502 220

Mobil: +49 (0) 173 532 5282

Telefax: +49 (0) 5961 502 372

E-Mail: ir@berentzen.de

1959347  01-Aug-2024 CET/CEST