Berentzen–Gruppe Aktiengesellschaft : 9M 2024 prelims – ongoing earnings growth
>Strong operating results - During the first nine months of 2024, preliminary EBIT rose by almost 52% y-o-y to € 7.6m. Significant EBIT growth was mainly driven by better unit margins. After nine months, the company has almost achieved the level of EBIT seen for FY 2023 (€ 7.7m). Preliminary revenue of € 133.5m remained flat (-0.8% y-o-y) as ongoing weakness in consumer spending and the general uncertainty among consumers due to inflation and the macroeconomic crisis,...Berentzen Gruppe AG is a Germany-based producer and distributor of liquors and non-alcoholic beverages. Under the Berentzen brand, the Company offers corn brandies and a range of fruit brandies made from apples, pears, wild and black cherries, plums, damsons, blackcurrants and red fruits, as well as from passion fruits and melons. Under the Puschkin brand, the Company offers vodka and fruit-flavored vodka, including blackberry and blood orange flavors. Other brands and products include Doornkaat, Strothmann, Bommerlunder Aquavit, Amaro Montenegro, Vecchia Romagna and Polar Limes, among others. In addition, the Company offers non-alcoholic beverages under the Vivaris and Sinalco brands. The Company operates through various subsidiaries across Germany.
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