All posts by fta
09.05.2018 / 08:00
The issuer is solely responsible for the content of this announcement.
– Quarterly sales up by 2% compared to the previous year
– Operating result (EBIT) developed proportionately to sales
– Full-year forecast confirmed
Hamburg, 9 May 2018. Today Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) published its report on the first quarter of fiscal year 2018. Thorsten Hermelink, CEO of the Hawesko Group, judged the business performance positively, saying, “My colleagues on the management board and I are satisfied with the first-quarter results. With the growth in sales and EBIT we have established a good base for reaching our targets for 2018. Our strategy of generating high growth throughout the Group via centralised platforms has been validated by its success. This process is not yet completed; it will remain a top priority and a focus of investment. We see in particular growth opportunities for the Group in the area of digital concepts. We are carefully monitoring the market in this area and looking specifically for suitable acquisition opportunities.”
In the first quarter of 2018 (1 January to 31 March), consolidated sales rose by 2.3% over the same quarter in the previous year to EUR 112.2 million (previous year: EUR 109.7 million). Sales in the omni-channel brand unit (Jacques’ Wein-Depot) rose 9.0 % from EUR 31.9 million in the same quarter of the previous year to EUR 34.8 million in the first quarter of 2018. In the B2B brand unit (wholesale), sales at EUR 40.2 million were slightly below the strong figure of EUR 40.7 million in the same quarter of the previous year. In the digital brand unit (distance selling), sales rose from EUR 37.0 million to EUR 37.2 million. The consolidated operating result (EBIT) amounted to EUR 5.0 million in the first quarter of 2018, once again a high figure in long-term comparison. The EBIT margin at 4.4% in the quarter under review remained at the level of the previous year.
The management board confirms its forecast, expects organic sales growth of approximately 3% for the Group, and assumes that all three segments will be within this range. Consolidated EBIT is expected to be in a range between EUR 32 million and EUR 33 million in 2018, corresponding to an EBIT margin of approximately 6.2%, and thus an increase of about 0.2 percentage points over 2017.
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Hawesko Holding AG is a leading supplier of premium wines and champagnes. In fiscal year 2017, the Group achieved sales of EUR 507 million and employed 954 persons in the company’s three sales channels: omnichannel (Jacques’ Wein-Depot), B2B (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and digital (particularly HAWESKO and Vinos). The shares of Hawesko Holding AG are listed on the Hanseatic Stock Exchange in Hamburg as well as in the prime standard segment of the Frankfurt Stock Exchange.
Publisher:
Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg
Germany
Internet:
hawesko-holding.com (Company information)
hawesko.de (Online shop)
jacques.de (Jacques’ Wein-Depot information and online shop)
vinos.de (Spanish wines sold through Vinos)
wirwinzer.de (German wines directly from the producers)
Press and Investor Relations:
Thomas Hutchinson
Phone: +49 (0)40 30 39 21 00
Fax +49 (0)40 30 39 21 05
E-mail: ir@hawesko-holding.com
09.05.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Quelle: EQS
19.04.2018 / 11:00
The issuer is solely responsible for the content of this announcement.
– All segments contributed to growth – online growth very strong
– At EUR 30.4 million, EBIT reached record levels for two consecutive years – profitability in the core business improved once again
Hamburg, 19 April 2018. The management board of Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) pronounced itself very satisfied with the growth in sales and earnings in fiscal year 2017 at today’s balance sheet press conference. Sales rose by 5.4% to EUR 507 million, slightly exceeding expectations and rising above the half-billion mark for the first time. The result from operations in the Hawesko Group was also pleasing: for the second year in a row, the company achieved the best result in its history with an EBIT of EUR 30.4 million (+4.6% compared to the adjusted figure for the previous year). The consolidated EBIT margin remained practically unchanged at 6%. In the core business, this figure even increased to 6.4% (previous year: 6.1%). WirWinzer.de and Enzo.de, which are currently under development and still in the start-up phase, made a negative contribution to the result. Overall, the result from operations was in line with expectations. The balance sheet revealed a good equity ratio of 40.3%, while net indebtedness amounted to EUR 11.0 million (previous year: EUR -0.5 million). As in the previous year, payment of a dividend of EUR 1.30 per share is planned.
Chief Executive Officer Thorsten Hermelink commented on the highlights, saying, “The Hawesko Group grew significantly in 2017, while the overall market shrank by 5%, so that we continued to expand our market leadership. Moreover, we once again accelerated our organic growth compared to the previous years, enhancing this growth still further with acquisitions. Most importantly, all three segments (specialist retail, distance selling and wholesale/distribution) contributed to this growth. Across all segments, the higher number of customers and online sales were once again the primary growth drivers in the Hawesko Group. Online sales rose by 15% over the previous year to just under EUR 100 million.
The wholesale/distribution segment achieved the strongest growth in the Hawesko Group, with sales rising by 7.2% to EUR 184.2 million. The specialist retail segment (Jacques’ Wein-Depot) grew by 4.1% to EUR152.3 million, while sales in the distance selling segment (particularly Hawesko.de and Vinos.de) rose by 4.8% to EUR 170.5 million. The trend in the individual segment results was also positive. In the specialist retail segment (Jacques’ Wein-Depot), EBIT rose by 15.3% to EUR 9.0 million. EBIT in the distance selling segment rose by 8.9% to EUR 10.2 million. Particularly in recent years, the increased investment in digital resources and the repeated rise in online sales to 55% bore fruit in the year under review. Despite high preliminary costs in the wake of accelerated expansion as well as higher investment in the upgrading of IT systems, EBIT was maintained at the previous year’s level at EUR 16.4 million.
The Hawesko Group remains on course for continued growth: For 2018, the management board anticipates an organic increase in sales of approximately 3% compared to 2017. Consolidated EBIT is expected to be around EUR 32-33 million in 2018, corresponding to an EBIT margin of approximately 6.2%, with continuing investment in growth-related activities.
Thorsten Hermelink expressed his opinion that the Hawesko Group is well-equipped for the future, commenting, “Two and a half years ago, we decided on and implemented a strategic reorganization of the Hawesko Group, which despite its focus on digitalization did not lose sight of the customers or of the fact that we are retailers. After our success in 2016 and 2017, we believe that this strategy of centralized platforms and decentralized execution has proven itself extraordinarily well and that we are on the right course. Enthusiastic customers are our top priority – even in the digital age.”
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Hawesko Holding AG is a leading supplier of premium wines and champagnes. In fiscal year 2017, the Group achieved sales of EUR 507 million and employed 954 persons in the company’s three sales channels: omnichannel (Jacques’ Wein-Depot), B2B (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and digital (particularly HAWESKO and Vinos). The shares of Hawesko Holding AG are listed on the Hanseatic Stock Exchange in Hamburg as well as in the prime standard segment of the Frankfurt Stock Exchange.
The complete 2017 annual report and accounts will be presented at the annual press conference on 19 April 2018.
Publisher:
Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg
Germany
Internet:
hawesko-holding.com (Company information)
hawesko.de (Online shop)
jacques.de (Jacques’ Wein-Depot information and online shop)
vinos.de (Spanish wines sold through Vinos)
wirwinzer.de (German wines directly from the producers)
Press and Investor Relations:
Thomas Hutchinson
Phone: +49 (0)40 30 39 21 00
Fax +49 (0)40 30 39 21 05
E-mail: ir@hawesko-holding.com
19.04.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Quelle: EQS
06.04.2018 / 16:57
The issuer is solely responsible for the content of this announcement.
– The group has paid a dividend every year since its IPO in 1998
– Management board and supervisory board propose a dividend of EUR 1.30 per share
– Preliminary result for 2017 confirmed
Hamburg, 6 April 2018. The wine trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) expects to pay a dividend of EUR 1.30 per share for fiscal year 2017, as in the previous year. At its meeting today, the supervisory board agreed to the corresponding dividend proposal of the management board. Thus, the company will pay a dividend for the twentieth consecutive year since its listing on the stock exchange in 1998.
“In addition to organic growth, we achieved higher growth in 2017 due to acquisitions compared to the previous years. Moreover, we further improved our efficiency and profitability in our core business, so that we are able to finance additional growth initiatives from our own resources,” said CEO Thorsten Hermelink in Hamburg today. “Our shareholders will be especially pleased that we have again created the basis for adequate participation in the company’s success in the twentieth consecutive year after our IPO, and will pay a dividend at the previous year’s level.”
The consolidated accounts for 2017 show sales of EUR 507.0 million (+5.4 %; previous year: EUR 480.9 million). The result from operations (EBIT) amounted to EUR 30.4 million. (previous year, unadjusted for special effects: EUR 29.6 million). Consolidated net income after taxes and non-controlling interests amounted to EUR 18.5 million (previous year: likewise EUR 18.5 million; both figures unadjusted for special effects). The consolidated balance sheet total amounted to EUR 259.7 million (2016: EUR 231.3 million). Furthermore, the supervisory board reviewed, discussed and ratified the annual and consolidated financial statements for fiscal year 2017 (1 January to 31 December); they are thus approved.
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Hawesko Holding AG is a leading supplier of premium wines and champagnes. In fiscal year 2017, the Group achieved sales of EUR 507 million and employed 954 persons in the company’s three sales channels: omnichannel (Jacques’ Wein-Depot), B2B (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and digital (particularly HAWESKO and Vinos). The shares of Hawesko Holding AG are listed on the Hanseatic Stock Exchange in Hamburg as well as in the prime standard segment of the Frankfurt Stock Exchange.
The complete 2017 annual report and accounts will be presented at the annual press conference on 19 April 2018.
Publisher:
Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg
Germany
Internet: hawesko-holding.com (Company information)
hawesko.de (Online shop)
jacques.de (Jacques’ Wein-Depot information and online shop)
vinos.de (Spanish wines sold through Vinos)
wirwinzer.de (German wines directly from the producers)
Press and Investor Relations:
Thomas Hutchinson
Phone: +49 (0)40 30 39 21 00
Fax +49 (0)40 30 39 21 05
E-mail: ir@hawesko-holding.com
06.04.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Quelle: EQS