EQS-Adhoc: Berentzen-Gruppe Aktiengesellschaft: Interim Report for Q3/2023 / Preliminary business figures as of September 30, 2023 / Update of the forecast for the 2023 financial year

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

Haselünne, October 16, 2023

Berentzen-Gruppe Aktiengesellschaft: Interim Report for Q3/2023 / Preliminary business figures as of September 30, 2023 / Update of the forecast for the 2023 financial year

Berentzen-Gruppe Aktiengesellschaft, which is listed on the Regulated Market (General Standard) of the Frankfurt Stock Exchange (ISIN: DE0005201602), expects, based on preliminary business figures for the first three quarters of the 2022 financial year available today, a normalised consolidated operating profit (consolidated EBIT) of EUR 5.0 million (Q3/2022: EUR 6.8 million) and a normalised consolidated operating profit before depreciation and amortisation (consolidated EBITDA) of EUR 11.2 million (Q3/2022: EUR 13.1 million) for the first three quarters of the 2023 financial year. Consolidated revenues are expected to amount to EUR 134.6 million (Q3/2022: EUR 127.1 million).

Despite a slight slowdown in revenues momentum over the course of the year due to increasing consumer restraint against the backdrop of the current economic situation, preliminary figures show that consolidated revenues increased by around EUR 7.5 million or 5.9% compared to the same period of the previous year. This increase in revenues is mainly due to the implementation of increases in sales prices across the entire product portfolio. The decreases in consolidated EBIT by EUR 1.8 million or 26.5% and in normalised consolidated EBITDA by EUR 1.9 million or 14.3% are the result of lower consolidated gross profit due to declining gross profit margins and sales losses as well as higher personnel and overhead costs at the same time compared to the corresponding period of the previous year.

In the course of preparing the Interim Report Q3/2023, Berentzen-Gruppe Aktiengesellschaft is at the same time updating its forecast for the development of the Group's financial performance for the 2023 financial year made in the Annual Report for the 2022 financial year. Based on the corresponding preliminary business figures for the first nine months of the 2023 financial year, the Berentzen Group now forecasts a normalised consolidated EBIT for the 2023 financial year in a range of EUR 7.0 million to EUR 8.0 million (original forecast 2023: EUR 7.0 million to EUR 9.0 million; 2022: EUR 8.3 million), a normalised consolidated EBITDA in a range of EUR 15.3 to 16.3 million (original forecast 2023: EUR 15.6 to 17.6 million; 2022: EUR 16.7 million) and consolidated revenues in a range of EUR 182.0 to 190.0 million (original forecast 2023: EUR 185.0 to 195.0 million; 2022: EUR 174.2 million).

The background to the update of the forecast is the declining revenue and sales dynamics in the third quarter of the 2023 business year as a result of the current, generally significant consumer restraint. Against the backdrop of the current economic situation, a comprehensive recovery in consumer behaviour is not expected for the remaining fourth quarter of the 2023 financial year. The forecast for consolidated revenues has been adjusted accordingly. The high cost burden, which is expected to continue at the same time, means that the earnings-related key performance indicators normalised consolidated EBITDA and normalised consolidated EBIT will probably also fall short of the original expectations on an annual basis.

The preliminary business figures for the first three quarters of the 2023 financial year of Berentzen-Gruppe Aktiengesellschaft are subject to review by the Supervisory Board's Finance and Audit Committee. The final business figures and further information on the first three quarters of the 2023 financial year will be published as scheduled on October 24, 2023 with the Interim Report Q3/2023.

For an explanation of the aforementioned earnings-related performance indicators, please refer to the Annual Report 2022 of Berentzen-Gruppe Aktiengesellschaft published on the corporate website www.berentzen-gruppe.de (see page 45 f. in the German language version and page 43 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).

Information of the issuer relating to this announcement

Berentzen-Gruppe Aktiengesellschaft, headquartered in Haselünne, Germany, is a listed company in the beverage industry with the business segments Spirits, Non-Alcoholic Beverages and Fresh Juice Systems.

ISIN: DE0005201602

WKN: 520160

Stock exchange symbol: BEZ

Listings: Regulated market (General Standard) in Frankfurt, XETRA

 Open Market in Berlin, Düsseldorf, Hamburg, Hanover, Munich, Stuttgart

Berentzen Group Aktiengesellschaft

Ritterstr. 7

49740 Haselünne

Phone: +49 (0) 5961 502 0

Fax: +49 (0) 5961 502 268

E-mail: berentzen@berentzen.de

Internet: www.berentzen-gruppe.de

Contact

Axel Kuipers

Investor Relations Manager

Phone: +49 (0) 5961 502 220

Mobile: +49 (0) 173 532 5282

Fax: +49 (0) 5961 502 372

E-mail: ir@berentzen.de

1749871  16-Oct-2023 CET/CEST