Berentzen-Gruppe AG Q1 2026 Results: Profits Dip Amid Weak Spirits Market

Berentzen-Gruppe Aktiengesellschaft reported a decline in consolidated revenues and operating profit for the first quarter of the 2026 financial year, citing weak consumer demand for spirits in Germany.

According to preliminary business results published on April 15, 2026, the company generated consolidated revenues of EUR 35.2 million. This represents a decrease from the EUR 39.0 million reported in the first quarter of 2025.

The company’s profitability also saw a downturn during the period. Consolidated operating profit before interest and taxes (consolidated EBIT) amounted to EUR 0.2 million, compared to EUR 1.2 million in the first quarter of 2025.

Consolidated operating profit before interest, taxes, depreciation, and amortisation (consolidated EBITDA) totalled EUR 2.4 million, down from EUR 3.3 million in the same quarter of the previous year.

Market Conditions and Inventory Pressures

The decrease in revenues was primarily attributed to lower performance within the Spirits segment. The company noted that this was driven by weaker sales volumes in the German market amid continued consumer restraint.

Oliver Schwegmann, CEO of Berentzen-Gruppe Aktiengesellschaft, stated that while the first quarter typically sees a slow start due to seasonal factors, the current period was impacted by specific one-off effects.

Due to disappointingly weak consumer demand and correspondingly low sales of spirits in Germany during the 2025 end-of-year period, our retail partners started 2026 with high stock levels, which had to be reduced in the first quarter.

Oliver Schwegmann, CEO of Berentzen-Gruppe Aktiengesellschaft

The decline in key earnings figures, specifically consolidated EBITDA and consolidated EBIT, was described as a direct consequence of the lower consolidated revenues.

Financial Outlook and Forecasts

Despite the preliminary results for the first quarter, Berentzen-Gruppe expects a positive turn in the second half of 2026. The company anticipates this recovery will be driven by brand and product innovations.

The company has maintained its full-year forecast for 2026. Berentzen-Gruppe expects the following figures for the total financial year:

• Normalised EBIT between EUR 7.0 million and EUR 9.0 million.
• Consolidated revenues between EUR 163.0 million and EUR 173.0 million.

Berentzen-Gruppe Aktiengesellschaft is listed on the regulated market (General Standard) of the Frankfurt Stock Exchange under ISIN DE0005201602.