German beverage firm Berentzen-Gruppe Aktiengesellschaft has reported consolidated revenue of €174.2 million in full-year 2022, an increase of 19.2% on its 2021 financial year (€146.1 million).
The Berentzen Group operates in three segments: spirits, non-alcoholic beverages and fresh juice systems.
The company's consolidated earnings before interest and taxes (consolidated EBIT) rose to €8.3 million during the financial year compared with €6.7 million in 2021.
Consolidated earnings before interest, taxes, depreciation and amortisation (consolidated EBITDA) increased to €16.7 million in 2022, from €15.4 million in the previous year.
Divisional Performance
Berentzen-Gruppe noted that all business areas contributed to revenue growth in its 2022 financial year.
In the spirits segment, a 12.2% boost in revenue was achieved. The premiumised dealer brands concept, which is a focus area for Berentzen-Gruppe, contributed to its performance in the spirits segment with nearly 9% revenue growth.
Revenues in the non-alcoholic beverages unit were up 26.3% year-on-year as the company benefitted from the lifting of coronavirus-related restrictions and the performance of its Mio Mio brand, which is strongly positioned in urban areas and among students.
Its Fresh Juice Systems business also witnessed higher revenues during the financial year with a year-on-year increase of 22.5%.
'Higher Demand'
“We always emphasised that, once the restrictions on social life caused by the coronavirus were lifted, the Berentzen Group would return to its path of growth. Our revenue and earnings figures for the 2022 financial year show impressively that we achieved that,” said Oliver Schwegmann, member of the executive board of Berentzen-Gruppe.
"We are particularly pleased with the increase in our consolidated revenues by just under 20%, which is due primarily to higher demand for our products and only to a minor degree to price increases that had already been implemented,” Schwegmann added.
© 2023 European Supermarket Magazine – your source for the latest drinks news. Article by Robert McHugh. Click subscribe to sign up to ESM: European Supermarket Magazine.
