Berentzen increases EBIT by 52% in the first 9 months of 2024

Group sales stable, annual forecast confirmed

16-Oct-2024

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Berentzen-Gruppe Aktiengesellschaft (ISIN: DE0005201602), which is listed on the Regulated Market (General Standard) of the Frankfurt Stock Exchange, today published preliminary figures for the first nine months of the 2024 financial year. Accordingly, consolidated earnings before interest and taxes (consolidated EBIT) increased significantly by around 52% year-on-year to EUR 7.6 million (9M 2023: EUR 5.0 million). Consolidated earnings before interest, taxes, depreciation and amortization (consolidated EBITDA) reached EUR 14.1 million (9M 2023: EUR 11.2 million). Consolidated sales revenue amounted to EUR 133.5 million (9M 2023: EUR 134.6 million).

"We are very pleased with this further increase in our Group EBIT and Group EBITDA, having already reported a significant increase in these key earnings figures in the first half of the 2024 financial year. Our profitability strategy, which we are consistently pursuing with Building BERENTZEN 2028, continues to bear fruit," explains Oliver Schwegmann, CEO of Berentzen-Gruppe Aktiengesellschaft, and continues: "This means that after just nine months this year, we have already achieved almost the same level of consolidated EBIT as in the entire 2023 financial year." As at the end of the first half of the year, the significant growth was mainly due to an improvement in unit margins. "We have always emphasized in the past year that the most important goal now is to regain gross profit strength, and the increase in our gross profit in the second and third quarters of the 2024 financial year is particularly impressive," said Schwegmann.

The ongoing consumer slump and general uncertainty among consumers as a result of inflation and macroeconomic crises have led to a decline in sales volumes overall. As a result, Group sales revenue has remained largely stable compared to the same period of the previous year.

Further outlook for the 2024 financial year

The Berentzen Group today confirms its latest forecast for the 2024 financial year. With the publication of the preliminary business results for the first half of 2024 at the beginning of August, the corporate group adjusted its forecast to reflect the positive development over the course of the year. Accordingly, the Berentzen Group expects consolidated operating profit (consolidated EBIT) in a range of EUR 9.0 to 11.0 million (originally: EUR 8.0 to 10.0 million; 2023: EUR 7.7 million) and consolidated operating profit before depreciation and amortization (consolidated EBITDA) of between EUR 18.0 and 20.0 million (originally: EUR 17.2 to 19.2 million; 2023: EUR 16.0 million). Consolidated revenue is expected to be in a range between EUR 185.0 million and EUR 195.0 million (originally: EUR 190.0 million to EUR 200.0 million; 2023: EUR 185.7 million). "The profitability of the Berentzen Group will succeed! We will close the 2024 financial year significantly more profitable operationally than last year," says Schwegmann confidently.

The final business figures and further information will be published as planned on October 23, 2024 with the 9M 2024 interim report.

Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.

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