Berentzen-Gruppe Aktiengesellschaft announced preliminary consolidated financial results for the full year of 2017. For the year, the company reported consolidated revenues of EUR 172.1 million against EUR 170.0 million for the same period a year ago. Consolidated earnings before interest and taxes (consolidated EBIT) was EUR 9.2 million against EUR 10.5 million for the same period a year ago. Consolidated earnings before interest, taxes, depreciation and amortisation (consolidated EBITDA) was EUR 16.4 million against EUR 17.5 million for the same period a year ago.

For the year 2018, the company expects consolidated revenues are set to rise by between EUR 9.6 million and EUR 18.8 million, reaching somewhere in the region of EUR 170.1 million to EUR 178.9 million. This revenue forecast already takes into account the new financial reporting standard on revenue recognition (IFRS 15), which is subject to mandatory application for the first time in the 2018 financial year. Applying this standard will reduce the forecast consolidated revenues by approximately EUR 12.0 million without affecting income. Consolidated EBIT and consolidated EBITDA are expected to be in range from EUR 9.6 million to EUR 10.6 million and from EUR 17.2 million to EUR 19.0 million respectively.