Category: English Ad-Hoc News


Hawesko Holding AG adjusts forecast for 2018

English Ad-Hoc News

Hawesko Holding AG / Key word(s): Results Forecast
Hawesko Holding AG adjusts forecast for 2018

19-Oct-2018 / 19:42 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Hawesko Holding adjusts forecast for 2018– Long hot summer wilted demand

– Unexpected provision because of fraud case at subsidiary

Hamburg, 19 October 2018. The wine trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) has announced that, based on the preliminary third-quarter figures, it is adjusting its forecast for fiscal year 2018. The Hawesko management board now expects – excluding the initial consolidation of the subsidiary Wein & Co, acquired on 1 October 2018 – an increase of approximately 2.5% over the previous year’s sales of EUR 507 million and an operating result (EBIT) between EUR 28-30 million, slightly below that of the previous year (EUR 30.4 million). Until now, sales growth of 3% and an EBIT increase to EUR 32-33 million had been anticipated.

The adjustment of the forecast is taking place for two reasons: On the one hand, sales in the third quarter (1 July to 30 September 2018) were lower than expected, particularly in September, due to the long hot summer. Based on preliminary figures, the Hawesko Group achieved sales of EUR 108.4 million for the quarter under review (previous year: EUR 110.7 million). The heat-related shift of demand to light white and rosé wines that were both cheaper and had smaller margins had a negative impact on the quarterly result. On the other hand, the management board has become aware during the current preparation of the quarterly financial statements that a provision of EUR 1 million will need to be made for an impending charge in connection with a case of fraud at the subsidiary Gebrueder Josef und Matthaeus Ziegler GmbH, Freudenberg. The quarterly EBIT will not reach the previous year’s level of EUR 4.1 million, but will be positive. A detailed analysis, the expected effects of the initial consolidation of Wein & Co and the complete interim finanical statements to 30 September 2018 will be published in the Quarterly Financial Report on 8 November 2018.

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Publisher:

Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg, Germany

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-Oct-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Quelle: EQS


Hawesko Holding AG acquires Austrian market leader WEIN & CO

Hawesko Holding AG / Key word(s): Takeover
Hawesko Holding AG acquires Austrian market leader WEIN & CO

27-Jul-2018 / 14:04 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Hawesko Holding AG acquires Austrian market leader WEIN & COHamburg, 27 July 2018. Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) signed an agreement today to acquire 100% of WEIN & CO Handelsgesellschaft m.b.H., Vösendorf/Austria. With this step the Hawesko Group will extend beyond its existing wholesale activities in Austria, running successfully for 20 years under the Wein Wolf brand, with a company in the end-customer segment.

WEIN & CO is a leading supplier of high-quality wines and champagnes in Austria and achieved EUR 43 million in sales in fiscal year 2016/17. The company thus fits ideally in the premium brand community of the Hawesko Group and will remain an independent brand.

The initial consolidation of WEIN & CO is expected to take place at 1 October 2018. The Hawesko management board reckons with non-recurring integration costs in the amount of a mid-range, single-digit million-euro figure, which has not yet been included in the planning for 2018.

The transaction is subject to the approval by the relevant regulatory authorities as well as to other customary terms of conclusion. The conclusion of the transaction is expected at the beginning of the fourth quarter of 2018.

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Published by:

Hawesko Holding AG
Elbkaihaus
Große Elbstraße 145d
22767 Hamburg, Germany

Presse- und Investor-Relations-Kontakt:
Thomas Hutchinson
Tel. (+49 40) 30 39 21 00
Fax (+49 40) 30 39 21 05
E-Mail: ir@hawesko-holding.com

27-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Quelle: EQS


Hawesko Holding AG regarding begin of negotiations towards a possible acquisition of WEIN & CO

Hawesko Holding AG / Key word(s): Takeover
Hawesko Holding AG regarding begin of negotiations towards a possible acquisition of WEIN & CO

12-Jun-2018 / 22:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Hamburg, 12 June 2018. Per ad hoc statement on 4 January 2018 the wine trading group Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) announced in connection with rumours raised in the market that, though the board of management of Hawesko Holding AG had expressed interest in an acquisition of WEIN & CO Handelsgesellschaft m.b.H., Vösendorf/Österreich to its owner, no further concrete negotiations took place at that time. The management board has decided today to commence negotiations about an acquisition of the majority of WEIN & CO and to start a detailed company examination (Financial Due Diligence) of WEIN & CO.

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Publisher:

Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg

Germany

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

12-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Quelle: EQS


AD HOC STATEMENT: Hawesko Holding AG about rumours of a takeover of WEIN & CO

Hawesko Holding AG / Key word(s): Takeover
AD HOC STATEMENT: Hawesko Holding AG about rumours of a takeover of WEIN & CO

04-Jan-2018 / 14:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Hamburg, 4. January 2018: As part of its strategy, published in the 2016 Annual Report, the Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) is continually seeking meaningful additions to domestic and European foreign markets.In connection with rumours raised in the market of a possible acquisition of the Austrian wine trading company WEIN & CO Handelsgesellschaft m.b.H., Vösendorf/Austria, the management board of Hawesko Holding declares that it has expressed interest in WEIN & CO to the owner, but no concrete negotiations are currently taking place.

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Publisher:
Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg, Germany

hawesko-holding.com (corporate information)

Press and Investor Relations contact:
Thomas Hutchinson
Tel. +49 (0) 40 30 39 21 00
Fax +49 (0) 40 30 39 21 05
E-Mail: ir@hawesko-holding.com

04-Jan-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Quelle: EQS


Hawesko sells financial stake in Majestic Wine plc

RSS Feed – News Detail

Hawesko sells financial stake in Majestic Wine plc

Hamburg, 24 June 2010. The wine trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) has sold its 3.4 % holding, corresponding to 2,083,047 shares, in Majestic Wine plc on 23 June 2010 over the London Stock Exchange. This resulted in cash proceeds equivalent to approximately € 7.4 million. Cash outpayments made for the financial investment in Majestic Wine plc during a period from the end of 2008 to the beginning of 2009 had totalled € 4.1 million. The gain of € 3.3 million will be recognised in the financial result line of the income statement within the half-year financial report for 2010. Parting from this financial stake does not mean a renunciation of the strategic orientation of Hawesko Holding AG fundamentally to expand outside of Germany.

The Hawesko management board now assumes in its forecast for fiscal year 2010 that the financial result line will show a net positive figure in the range of € 1-3 million instead of a net negative figure of approximately € 1 million. The current forecast for sales and operating result remains unaffected: the management board continues to assume a moderate sales increase against the previous year (Group sales 2009: € 339 million) and an operating profit (EBIT) of a similar magnitude to the previous year (ie, € 22-23 million). The estimate for free cash flow is now being raised to an expected scale of € 22 million (previous forecast: approximately € 15 million).

Quelle: EQS


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