Berentzen–Gruppe Aktiengesellschaft : Slower growth ahead. Target price cut to € 9
>Lower guidance for FY 2023 - Against the backdrop of a subdued revenue and earnings momentum, Berentzen adjusted its outlook for FY 2023. Now it expects revenues in the range of € 182m to € 190m (vs € 185m to € 195m earlier), EBITDA of € 15.3m to € 16.3m (vs € 15.6m to € 17.6m earlier) and EBIT of € 7m to € 8m (vs € 7m to € 9m earlier). At the mid-point of the new guidance range, the outlook is below ODDO BHF’s (revenue -2%, EBITDA -5%, EBIT -8%) and the consensus es...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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