)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Berentzen-Gruppe
Berentzen-Gruppe (BEZ) investor relations material
Berentzen-Gruppe Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary22 Oct, 2026
Executive summary
9M revenue fell 9.9% YoY to €107.6m; adjusted EBIT, adjusted EBITDA and operating cash flow remained positive but were well below prior-year levels.
FY 2026 earnings forecasts were confirmed unchanged from the Q2 update.
Financial highlights
Total operating performance was €108.6m, down 11.3%; consolidated revenue excluding spirits tax was €107.6m, down 9.9%.
Adjusted EBIT was €1.3m versus €5.6m; adjusted EBITDA was €7.9m versus €12.1m.
Consolidated gross profit declined €6.2m; operating expenses fell €1.9m, mainly on lower other operating expenses and staff costs.
Operating cash flow was €5.1m versus €9.6m; cash flow from operating activities was negative €9.5m, including a €14.6m working-capital cash outflow.
Outlook and guidance
FY 2026 guidance remains unchanged: revenue €151.0m–€156.0m, EBIT €3.5m–€5.0m and EBITDA €12.4m–€13.9m.
Forecast assumptions include positive earnings effects from German food-retail spirits stockpiling ahead of a possible alcohol-duty increase from Jan. 1, 2027.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Berentzen-Gruppe
- Revenue grew, but inflation, higher financing costs and working capital pressured earnings and cash flow.BEZ
Q4 2023 - Revenue and profit fell sharply in H1 2026, prompting a downward revision of full-year guidance.BEZQ2 2026
- Q1 2026 saw lower revenue and profit, but full-year outlook and financing remain stable.BEZQ1 2026
- 2025 profit rebounded despite lower revenues, with innovation and financial strength supporting 2026 growth.BEZQ4 2025
- Revenue and profit declined year-over-year; outlook lowered amid challenging market conditions.BEZQ3 2025
- Revenue and earnings declined, but profit turned positive and outlook remains cautiously optimistic.BEZQ2 2025
- Adjusted EBIT and EBITDA surged despite stable revenues and one-off impairment losses.BEZQ3 2024
- Profitability surged in H1 2024 despite flat sales, with Grüneberg divestment set to lift margins.BEZQ2 2024
- Record EBIT and margin gains in 2024 set the stage for double-digit growth in 2025.BEZQ4 2024
Next Berentzen-Gruppe earnings date
Q4 20265 Feb, 2027
Berentzen-Gruppe
Next Berentzen-Gruppe earnings date
Q4 20265 Feb, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Berentzen-Gruppe Aktiengesellschaft is a Germany-based beverage company that produces and distributes a wide range of alcoholic and non-alcoholic beverages. Its operations are divided into several segments, including Spirits, Non-alcoholic Beverages, and Fresh Juice Systems. The company is known for brands such as Berentzen, Puschkin, and Tres Países in the spirits category, and it also offers soft drinks, mineral water, and energy drinks under brands like Mio Mio and Vivaris. Berentzen is headquartered in Haselünne, Germany, and its shares are traded on the Xetra.