Berentzen-Gruppe cuts annual revenue and profit forecasts due to low consumer confidence. Revenue for 2025 now expected between €172-178m, down from €180-190m. Operating profit projected to range between €8-9.5m. CEO cites challenging market conditions in spirits segment for falling short of expectations.

Promotions with discount retailers for Berentzen-branded liqueurs canceled in first half, impacting spirits sales. However, 13.2% revenue increase from Mio Mio soft-drinks brand noted. Premium and medium private label spirits saw double-digit revenue growth. Company remains optimistic that marketing initiatives will boost second-half revenues and earnings.

Berentzen-Gruppe announces deal to source Bourbon from Whiskey House of Kentucky. Company, a major Bourbon supplier in Europe, emphasizes need for long-term contracts to ensure sufficient quantities for private-label business in coming years. Barrels for first whiskey already filled, highlighting commitment to expanding product offerings.

Read more at Yahoo Finance: Berentzen-Gruppe issues profit warning on weak consumer demand