Berentzen-Gruppe Aktiengesellschaft Announces Financial Results for 2023 and Provides Outlook for 2024

Berentzen-Gruppe Aktiengesellschaft, a company listed on the Frankfurt Stock Exchange, reported its financial outcomes for 2023. The company achieved consolidated revenues of EUR 185.7 million, marking a 6.6% increase from the previous year. The earnings before interest and taxes (EBIT) were EUR 7.7 million, slightly down from EUR 8.3 million in 2022. Additionally, the firm plans to propose a dividend of EUR 0.09 per share.

CEO Oliver Schwegmann highlighted the company's resilience amidst challenging market conditions and the success in offsetting rising costs with targeted price adjustments. Growth was seen across key product lines, including Berentzen-brand fruit liqueurs and Puschkin-brand vodka, which saw a 9.3% revenue increase. The Non-alcoholic Beverages segment, led by Mio Mio, also reported significant growth, crossing the EUR 20 million revenue mark.

The company also presented its 2024 outlook, expecting consolidated revenues between EUR 190.0 million to EUR 200.0 million and EBIT between EUR 8.0 million to EUR 10.0 million. This forecast aligns with its new strategy, Building BERENTZEN 2028, aimed at transitioning from crisis management to growth and expansion.