Berentzen-Gruppe (BEZ) Q1 2026 earnings summary

Executive summary

• Consolidated revenues declined by 9.7% year-over-year to EUR 35.2 million in Q1 2026, with all major segments reporting lower sales.

• Adjusted EBIT and EBITDA remained positive but fell significantly compared to the prior year, reflecting weaker demand and market headwinds.

• No significant or extraordinary events impacted business performance in the quarter.

Financial highlights

• Adjusted consolidated EBIT: EUR 0.2 million (down from EUR 1.2 million year-over-year).

• Adjusted consolidated EBITDA: EUR 2.4 million (down from EUR 3.3 million year-over-year).

• Operating cash flow: EUR 1.8 million (down from EUR 2.3 million year-over-year).

• Cash and cash equivalents at period end: EUR -8.3 million (EUR -3.9 million prior year), mainly due to seasonal reduction in alcohol tax liabilities and loan repayments.

Outlook and guidance

• Full-year 2026 forecasts for revenue, EBIT, and EBITDA remain unchanged, with expectations for stable to positive financial performance.

• Management notes increased uncertainty in providing precise outlooks due to geopolitical tensions in the Middle East.