Category: English News


Hawesko Group has positive start to fiscal year 2020

English News

DGAP-News: Hawesko Holding AG / Key word(s): Quarterly / Interim Statement
12.05.2020 / 08:00
The issuer is solely responsible for the content of this announcement.

Hawesko Group has positive start to fiscal year 2020
 

– Consolidated sales +3.4%, EBIT at € 3.9 million up from previous year despite special charge due to warehouse relocation

– Retail and E-commerce segments post strong performance

– Restructuring and cost reduction programme to mitigate corona-related losses initiated in the B2B segment

– Group well positioned to weather the crisis with diversified business models

Hamburg, 12 May 2020. Today the wine-trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) published its statement on the first quarter of fiscal year 2020. ‘We started the year off positively. With an increase in sales of 3.4% over the previous year, we’ve achieved solid growth as well as earnings slightly higher than the previous year despite considerable one-off charges from a warehouse relocation. Since mid-March we’ve been experiencing the effects of the lockdown due to the coronavirus pandemic. Our Retail segment is stable overall, despite temporary restrictions imposed by the authorities. In the E-commerce segment demand has increased significantly, while the B2B segment has been hit hard by the closures in the restaurant and hotel industry. Particularly now we see that our diversified positioning in the market is once again proving its worth, and we are certain that it will carry us through the current extraordinary situation,’ said Thorsten Hermelink, CEO of the Hawesko Group in Hamburg.

In the first quarter of 2020, consolidated sales rose to € 123.8 million thanks to the growth in the Retail and E-commerce segments (same quarter in the previous year: € 119.7 million), thus outperforming the market, which according to the German Wine Institute declined by one per cent in terms of value during the same period. Sales in the Retail segment (Jacques’ Wein-Depot and Wein & Co.) rose by 4.3% to € 45.6 million. Jacques’ posted growth of 7.6%, while Wein & Co. posted a decline in sales due to the corona-related branch closures in Austria during the first quarter. The E-commerce segment achieved sales of € 41.3 million, corresponding to an increase of 5.6%. At € 36.9 million, sales in the B2B segment overall were at the level of the same quarter in the previous year, whereby significant declines in sales were posted in March due to the closures in the restaurant and hospitality industry. The consolidated operating result (EBIT) amounted to € 3.9 million in the first quarter of 2020, corresponding to an increase of 2.6% over the previous year, despite the fact that planned non-recurring expenditures of € 1 million for the warehouse relocation of Jacquesʼ were posted.

The current restrictions due to the coronavirus pandemic have had varying effects on the different business models. The E-commerce segment has been booming since mid-March due to increased consumption in private households, with growth rates of nearly 50% for all of the group’s E-commerce brands. With the return to normal operation in the restaurant and hotel sector, a reduction in wine consumption in private households and the subsequent normalisation of the growth rates is expected. In the Retail segment, despite restrictions imposed by the authorities and temporary shop closures, sales have been stable and increasing, so that we expect business performance to be close to what was originally planned. The Wholesale segment, as suppliers to restaurants and hotels, posted sharp declines in sales, and recovery is expected to be slow. A restructuring and cost reduction programme to mitigate corona-related losses has already been initiated in the B2B segment.

Overall, a concrete forecast for fiscal year 2020 is not possible, so that an estimate for sales or earnings for 2020 cannot be provided. However, based on current information, the management board expects that a clearly positive result overall will be achieved despite the heavy burdens in the B2B segment.

# # #

The full quarterly statement to 31 March 2020 is available for download at https://www.hawesko-holding.com/en/investors/.

Hawesko Holding AG is a leading purveyor of premium wines and champagnes. In fiscal year 2019, the Group employed 1,200 persons in the company’s three sales channels: Retail (Jacques’ Wein-Depot), B2B (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and E-commerce (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

Internet: hawesko-holding.com (Company information)
hawesko.de (Online shop)
jacques.de (Jacques’ Wein-Depot information and online shop)
vinos.de (Spanish wines)
wirwinzer.de (German wines directly from the producers)
weinco.at (Online shop)

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

12.05.2020 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


Hawesko Holding AG proposes unchanged dividend of € 1.30 and postpones AGM due to coronavirus pandemic

English News

DGAP-News: Hawesko Holding AG / Key word(s): Dividend
03.04.2020 / 18:30
The issuer is solely responsible for the content of this announcement.

Hawesko proposes unchanged dividend of € 1.30 and postpones AGM due to coronavirus pandemic

Hamburg, 3 April 2020. The management board and supervisory board of Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) announced today that they will propose a dividend payout of € 1.30 per share for fiscal year 2019, as in the previous year, to the annual general meeting of shareholders. At the current share price of approximately € 26.80, the proposed payout corresponds to a dividend yield of nearly 5%.

Due to the current restrictions relating to the coronavirus pandemic, the annual general meeting will not take place on 15 June 2020, but will be rescheduled later this year at a date to be determined.

‘In fiscal year 2019 we achieved good sales growth of 12% in our consumer segments Retail and E-Commerce. In addition, we increased our online sales by nearly 20% without sacrificing profitability. The relocation of the B2B warehouse led to non-recurring charges which we were able to compensate with the sale of an old storage facility, so that we were also able to increase the overall EBIT in fiscal year 2019,’ said CEO Thorsten Hermelink in Hamburg.

In its meeting on 3 April 2020, the supervisory board approved the annual and consolidated financial statements for fiscal year 2019.

The final consolidated financial statements for 2019 show sales of € 556.0 million (+6.0%; previous year: € 524.3 million). The result from operations (EBIT) amounted to € 29.1 million (previous year: € 27.7 million). Consolidated net income after deductions for taxes and non-controlling interests amounted to € 15.8 million (previous year: € 22.0 million). The consolidated balance sheet total amounted to € 394.9 million after the application of the new IFRS 16 accounting standard (2018: € 289.0 million). Free cash flow amounted to € 31.6 million (previous year: € 10.7 million including the acquisition of Wein & Co.).

Thorsten Hermelink commented, ‘Due to the corona crisis, it is currently not possible to provide a reliable sales and results forecast for fiscal year 2020. With a very few exceptions, business in our Retail and E-Commerce segments is continuing as usual so that our customers can still shop with us. However, the B2B business is directly impacted by the closure of the hotels and restaurants which began in mid-March, and sales to this customer group have currently evaporated. We have a functioning crisis management in place and have adjusted to the present situation as well as possible.’

# # #

In accordance with the German Law on Mitigation of the Consequences of the COVID-19 Pandemic in Civil, Insolvency and Criminal Procedural Law dated 27 March 2020 (Gesetz zur Abmilderung der Folgen der COVID-19-Pandemie im Zivil-, Insolvenz- und Strafverfahrensrecht vom 27. März 2020), the annual general meeting of a stock corporation may be held within the fiscal year in a departure from the provisions of the German Stock Corporation Act.

The complete 2019 annual report will be published on 23 April 2020.

Hawesko Holding AG is a leading supplier of premium wines and champagnes. In fiscal year 2019, the Group employed 1,200 persons in the company’s three sales channels: retail (Jacques’ Wein-Depot), B2B (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and e-commerce (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

Internet: hawesko-holding.com (Company information)
hawesko.de (Online shop)
jacques.de (Jacques’ Wein-Depot information and online shop)
vinos.de (Spanish wines)
wirwinzer.de (German wines directly from the producers)
weinco.at (Online shop)

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

03.04.2020 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


Hawesko Group grows in sales and earnings

English News

DGAP-News: Hawesko Holding AG / Key word(s): Development of Sales
04.02.2020 / 08:00
The issuer is solely responsible for the content of this announcement.

Hawesko Group grows in sales and earnings

Consolidated sales in 2019 rose by 5.9% to € 555 million

– Positive development in the Retail and E-commerce segments

– Relocation of the wholesale warehouse put pressure on B2B segment

Hamburg, 4 February 2020. Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708), the wine-trading group specialised in premium products, achieved consolidated sales of € 555 million (excluding VAT) in fiscal year 2019, based on preliminary figures. This corresponds to sales growth of 5.9% over the previous year. Adjusted for acquisitions, sales growth was 1.3%. The Hawesko management board expects that the consolidated EBIT increased to approximately € 29 million (previous year: € 27.7 million).

The sales growth resulted from positive overall performance in the E-commerce and Retail segments. In 2019, the E-commerce segment grew by 5.1%, while Jacquesʼ grew by 3.6%. The Retail segment benefited additionally from the acquisition of Wein & Co. and achieved sales growth of 17.4%. Both segments likewise posted positive development of EBIT.

The B2B segment posted a decline in sales of 4.1%. Slight declines in export and wholesale sales as well as the long-planned and strategically important warehouse relocation put pressure on both sales and the operating result. The negative earnings effect was compensated by the sale of the old warehouse property which was no longer needed.

Thorsten Hermelink, Chief Executive Officer of Hawesko Holding AG, commented, ‘Our E-commerce and Retail segments performed very well in 2019 in an intensely competitive environment and gained market share with their growth. The warehouse relocation in the B2B segment to a logistically more advantageous site with significantly more capacity cost us in terms of effort, sales and earnings. However, we have now laid the foundation for future growth in the B2B segment. We look forward to fiscal year 2020 with optimism.’

# # #

The Hawesko Group is a leading purveyor of premium wines and champagnes. In fiscal year 2018, the Group achieved consolidated sales of € 524 million and employed 1,000 persons in the company’s three sales channels: Retail (Jacques’ Wein-Depot), B2B (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and E-commerce (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

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)
weinco.at (Online shop of Wein & Co.)
wirwinzer.de (German wines directly from the producers)

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

04.02.2020 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


Hawesko Group completes B2B warehouse relocation and realises expected Q4 positive effects

English News

Hawesko Group completes B2B warehouse relocation and realises expected Q4 positive effects

Hamburg, 29 November 2019. The wine trading group Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) announces that it has completed the relocation of its B2B warehouse with the sale of a property.

As a result, the positive one-off effects expected for the fourth quarter of fiscal year 2019 have been realised; they compensate for the one-off charges incurred for the relocation in the second and third quarters, as planned. For the full year 2019, the management board continues to expect an increase in consolidated sales including Wein & Co. of between 7–9% compared to 2018, as well as an EBIT margin between 5.0–5.7% (previous year: 5.3%).

#          #          #

The Hawesko Group is a leading purveyor of premium wines and champagnes. In fiscal year 2018, the Group achieved consolidated sales of € 524 million and employed 1,000 persons in the company’s three sales channels: Retail (Jacques’ Wein-Depot and Wein & Co.), B2B (Wein Wolf  and CWD Champagner- und Wein-Distributionsgesellschaft) and E-commerce (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)

weinco.at (Online shop of Wein & Co.)

wirwinzer.de (German wines directly from the producers)

Press and Investor Relations contact:

Thomas Hutchinson   Phone: +49 (0)40 30 39 21 00

E-mail: ir@hawesko-holding.com


Hawesko Group: Growth trend continued in Q3

English News

07.11.2019 / 08:00
The issuer is solely responsible for the content of this announcement.

Hawesko Group: Growth trend continued in Q3
– Consolidated sales in the third quarter of 2019 rose by 9.5% to EUR 119 million
– End-consumer segments Retail and E-commerce still growing, B2B just short of previous year’s Q3
– Positive one-off effects expected in Q4; full-year forecast for 2019 maintained

Hamburg, 7 November 2019 Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) today published its report on the third quarter and the first nine months of fiscal year 2019. “With an increase in sales of 9.5% over the previous year we are on course for growth in the third quarter as well. Moreover, with the relocation of the B2B warehouse to a logistically more advantageous site, we’ve successfully implemented an important component of our strategy. That required a good deal of effort, but it has laid the foundation for our future growth,” said Thorsten Hermelink, chief executive officer of the Hawesko Group in Hamburg.

In the third quarter of 2019, consolidated sales rose to EUR 118.5 million thanks to the growth in the Retail and E-commerce segments (same quarter in the previous year: EUR 108.3 million). Sales in the Retail brand unit (Jacques’ Wein-Depot and Wein & Co.) rose by 26.0% to EUR 44.4 million. Jacques’ posted growth of 4.1%. The E-commerce brand unit achieved sales of EUR 36.4 million, corresponding to an increase of 3.8%. Due to delays in the start-up of the new logistics warehouse, B2B sales at EUR 37.7 million did not quite reach the previous year’s quarterly figure (EUR 37.9 million). The consolidated result of operations (EBIT) amounted to EUR 0.5 million in the third quarter of 2019, slightly below the EBIT of EUR 0.8 million in the previous year, due primarily to non-recurring costs of EUR 1.8 million in conjunction with the relocation of the B2B warehouse.

The management board expects positive one-off effects in the fourth quarter which will compensate for the one-off charges totalling EUR 2.5 million incurred in the second and third quarters for the relocation. For the full year 2019, the management board continues to expect an increase in consolidated sales including Wein & Co. of between 7-9% compared to 2018, as well as an EBIT margin between 5.0-5.7% (previous year: 5.3%).

# # #

The Hawesko Group is a leading purveyor of premium wines and champagnes. In fiscal year 2018, the Group achieved consolidated sales of EUR 524 million and employed 1,000 persons in the company’s three sales channels: Retail (Jacques’ Wein-Depot), B2B (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and E-commerce (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 full nine-month report to 30 September 2019 can be downloaded at
www.hawesko-holding.com/en/press/interim-reports-2019/.

Publisher:

Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg

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)
weinco.at (Online shop of Wein & Co.)
wirwinzer.de (German wines directly from the producers)

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

07.11.2019 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


Hawesko Group: Second-quarter sales up by 8.3% over previous year

English News

08.08.2019 / 08:00
The issuer is solely responsible for the content of this announcement.

Hawesko Group: Second-quarter sales up by 8.3% over previous year

Consolidated sales rise to EUR 136.2 in the second quarter

– Retail and E-Commerce segments continue to grow

– Full-year forecast confirmed

Hamburg, 8 August 2019. Today the wine-trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) published its report on the second quarter and the first six months of fiscal year 2019. “Business development was good in the second quarter: our sales are up by 8.3% over the previous year. Organically, i.e. excluding our previous year’s acquisition Wein & Co., our sales increased by 1.2%. We also made good progress with our medium-term projects – optimisation of the logistics structure, development of a group-wide digital commerce platform and data warehouse,” said Thorsten Hermelink, chief executive officer of the Hawesko Group in Hamburg, adding, “Business performance in the first half of 2019 showed that we are on the right course. As the market leader, we are acting strategically and on the right path to transforming our business model for the long term.”

In the second quarter of 2019, consolidated sales rose to EUR 136.2 million in the first quarter of 2019, thanks to the growth in the retail and e-commerce segments. This corresponds to an increase of 8.3% over the same quarter of the previous year (EUR 125.7 million). On a comparable basis, i.e. excluding the acquisition of Wein & Co., sales rose by 1.2% compared to the same quarter in the previous year. Sales in the Retail brand unit (Jacques’ Wein-Depot and Wein & Co.) rose by 29.1% to EUR 48.4 million. Jacques’ posted growth of 5.1%. The E-Commerce brand unit achieved sales of EUR 43.3 million, corresponding to an increase of 2.3%. In the B2B (wholesale) brand unit, sales at EUR 44.5 million were down by approximately 3.0% from the same quarter of the previous year. The consolidated operating result (EBIT) in the second quarter of 2019 amounted to EUR 4.7 million, after EUR 5.7 million in the previous year, due primarily to shifts in profit development within the current year vis-à-vis the previous year. Costs for the implementation of the restructuring concept at Wein & Co., for the relocation of the group’s B2B warehouse to a more central location in Germany and for the severance payment of a management board member all played a role, adding up to approximately EUR 1.9 million. These effects have put pressure on the results of the quarter under review, but will have a positive impact on the cost side in the coming quarters.

For 2019, the management board continues to expect an increase in sales, including Wein & Co., of approximately 7-9% compared to 2018. The EBIT margin is expected to be in the range between 5.0-5.7% in 2019 (previous year: 5.3%).

# # #

The Hawesko Group is a leading supplier of premium wines and champagnes. In fiscal year 2018, the Group achieved consolidated sales of EUR 524 million and employed 1,000 persons in the company’s three sales channels: retail (Jacques’ Wein-Depot), B2B (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and e-commerce (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 half-year report to 30 June 2019 is available for download at www.hawesko-holding.com/en/press/interim-reports-2019/.

Publisher:

Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg

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)
weinco.at (Online shop of Wein & Co.)
wirwinzer.de (German wines directly from the producers)

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

08.08.2019 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


Hawesko Holding AG: AGM approves dividend payment of EUR 1.30 per share

English News

17.06.2019 / 16:45
The issuer is solely responsible for the content of this announcement.

Hawesko Group: AGM approves dividend payment of EUR 1.30 per share

– Hawesko Group pays dividend for the 21st consecutive year

– Business performance picks up; full-year forecast for 2019 confirmed

Hamburg, 17 June 2019. The annual general shareholders’ meeting of the wine trading group Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) in Hamburg approved the payment of a dividend of EUR 1.30 per share for fiscal year 2018 today, to be paid out as of 20 June 2019. This means the company’s shareholders will receive a dividend at the level of the previous year. At a share price of EUR 36,60 at the time of the resolution on 17 June 2019, it corresponds to a dividend yield of nearly 3.6%. With the payout, Hawesko Holding AG is carrying on its longstanding tradition of continuous dividends. The shareholders of the Group have received a dividend every year since the company was initially listed on the stock exchange in 1998.

All proposals of the supervisory and management boards were approved by the shareholders’ meeting, and all formalities were completed. The company also confirmed the forecast for the current fiscal year 2019: according to CFO Raimund Hackenberger, the Hawesko Group achieved a sales increase of approximately 11% for the first five months to the end of May. At the end of the first quarter on 31 March 2019, this figure was still 6.7%. The management board sees the Group well on its way to achieving its full-year targets.

CEO Thorsten Hermelink summed up the Group’s situation and drew attention to the coming challenges: ‘After a somewhat slow start to the year, business performance accelerated significantly. This confirms both the robust nature of our business models and that it is right to pursue our strategy of digital transformation and targeted acquisitions. With an investment programme of EUR 15 million planned for the next three years, we will step up our pace further and take an even more active role in shaping the market.’

Supervisory board chairman and majority shareholder Detlev Meyer added, ‘The Hawesko Group is proof that profitability and digital transformation are not mutually exclusive. As supervisory board chairman and longstanding shareholder, I am thus fully convinced by the Group’s course of action into the digital future.’

# # #

The Hawesko Group is a leading purveyor of premium wines and champagnes. In fiscal year 2018, the Group achieved consolidated sales of EUR 524 million and employed 1,000 persons in the company’s three brand units: retail (Jacques’ Wein-Depot), B2B (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and e-commerce (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

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 Wein & Vinos)
wirwinzer.de (German wines directly from the producers)

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

17.06.2019 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


Hawesko Group: End-customer business buoyant in the first quarter

English News

09.05.2019 / 08:00
The issuer is solely responsible for the content of this announcement.

Hawesko Group: End-customer business buoyant in the first quarter

Sales up by 6.7% compared to previous year’s first quarter

– Retail and e-commerce segments with noticeable gains

– Operating result at previous year’s level after Easter holidays in April

Hamburg, 9 May 2019 Today Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) published its report on the first three months of fiscal year 2019 (1 January to 31 March). Thorsten Hermelink, CEO of the Hawesko Group, gave a positive report of the business performance, saying, “In the first quarter our B2C retail and e-commerce segments gained noticeable momentum, despite the fact that the Easter holiday business shifted into April this year and thus into the second quarter. Our B2B business felt more of an impact, but had caught up by the end of April. In the first four months we experienced organic growth of a solid 4% and 12% with our acquisition Wein & Co.” Hermelink added, “The market environment currently presents several challenges which we are meeting profitably by executing a consistent and sustainable growth strategy. It is important for us as the market leader to shape our own development even more strongly in the future. That’s why we began implementing a multi-year investment program last year which will accelerate the digital transformation of the entire Hawesko Group.”

Consolidated sales rose to EUR 119.7 million in the first quarter of 2019, corresponding to an increase of 6.7% over the same quarter of the previous year (EUR 112.2 million). On a comparable basis, i.e. excluding the acquisition of Wein & Co., consolidated sales at -0.5% were roughly at the level of the same quarter in the previous year. Sales in the retail brand unit (Jacques’ Wein-Depot and Wein & Co.) rose by 25.6% to EUR 43.7 million. Jacques’ posted growth of 2.6%. In the e-commerce brand unit, sales rose significantly by 5.0% to EUR 39.1 million. In the B2B (wholesale) brand unit, sales at EUR 36.9 million were down by approximately 8.1% from the same quarter of the previous year. The consolidated operating result (EBIT) in the first quarter of 2019 amounted to EUR 3.5 million after EUR 5.0 million in the previous year, due primarily to the “Easter effect” experienced in the B2B segment. EBIT will have recovered by the end of April and reached the previous year’s level.

The Hawesko Group remains on course for continued growth: For 2019, the management board anticipates an increase in sales, including Wein & Co., of approximately 7-9% compared to 2018. The EBIT margin is expected to be in the range between 5.0-5.7% in 2019 (previous year: 5.3%).

# # #

The Hawesko Group is a leading purveyor of premium wines and champagnes. In fiscal year 2018, the Group achieved consolidated sales of EUR 524 million and employed 1,000 persons in the company’s three brand units: retail (Jacques’ Wein-Depot and Wein & Co.), B2B (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and e-commerce (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 full quarterly report to 31 March 2019 is available for download at https://www.hawesko-holding.com/en/investors/.

Publisher:

Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg

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)
weinco.at (Online shop of Wein & Co.)
wirwinzer.de (German wines directly from the producers)

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

09.05.2019 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


Hawesko Holding AG: Sales in 2018 rose by 3.4% to EUR 524 million –

English News

25.04.2019 / 08:00
The issuer is solely responsible for the content of this announcement.

Hawesko Group: Sales in 2018 rose by 3.4% to EUR 524 million

Revised EBIT target of EUR 28 million achieved,
consolidated net income rose by 19% to EUR 22 million

– Sharp rise in free cash flow to EUR 20.2 million (previous year: EUR 6.2 million)

– Dividend of EUR 1.30 per share proposed

– Comprehensive investment program in the Group’s future adopted

Hamburg, 25 April 2019. The management board of Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) announced it was satisfied overall with business performance in fiscal year 2018 at today’s annual press conference. Despite a challenging market environment with a long, hot summer not conducive to wine consumption and customers’ delay in autumn purchases, consolidated sales rose by 3.4% to EUR 524 million in 2018, due primarily to the acquisition of Wein & Co., the Austrian market leader in the premium wine segment. With regard to the result from operations, the Hawesko Group achieved its EBIT target, revised in October, of EUR 28 million (previous year: EUR 30 million). Consolidated net income excluding non-controlling interests amounted to EUR 22.0 million, thus surpassing the previous year’s figure of EUR 18.5 million by 19%; this corresponds to EUR 2.45 per share (previous year: EUR2.06). Even after the acquisition of Wein & Co., the balance sheet shows a good equity ratio of 39%, while net indebtedness amounted to EUR 14.8 million (previous year: EUR 11.0 million). Free cash flow excluding acquisitions rose sharply from EUR 6.2 million in the previous year to EUR 20.2 million in the year under review. As in the previous year, the payment of a dividend of EUR 1.30 per share is planned.

During his presentation of the figures for 2018 in Hamburg, CEO Thorsten Hermelink remarked, “We succeeded in generating both organic and acquisitional growth once again in 2018, while the market overall stagnated for the fifth consecutive year. We’ve maintained our market position in Germany and taken an important strategic step towards internationalisation with the acquisition of Wein & Co.”

The retail brand unit posted the strongest growth with an increase of 13% to EUR 172 million. The growth drivers here were the increase of 4% at Jacquesʼ and the addition of Wein & Co. in the fourth quarter. The B2B brand unit achieved sales of EUR 186 million, up 1% over the previous year. Sales at the e-commerce brand unit (prior to the application of IFRS 15) were roughly at the level of the previous year (just under EUR 171 million). Due to lower-than-expected sales, margin pressure and higher IT and logistics costs, the EBIT of the e-commerce brand unit, at EUR 7.6 million, fell short of the previous year’s figure of EUR 10.2 million. Sales of the retail brand unit at EUR 15.0 million were likewise below the previous year’s figure (EUR 16.4 million) due to higher expansion and integration costs. In contrast, the B2B brand unit increased its EBIT in 2018 by 17% to EUR 10.5 million.

The Hawesko Group remains on course for continued growth: For 2019, the management board anticipates an increase in sales, including Wein & Co., of approximately 7-9% compared to 2018. The EBIT margin is expected to be in the range between 5.0-5.7% in 2019.

Hermelink added, “We are adopting a program of comprehensive investment in the future of the Group for the coming years. We want to offer our customers an optimal shopping experience and are thus investing in e-commerce technologies, faster logistics and product innovations. Our strong cash flow will enable us to finance this sophisticated program with our own funds.”

# # #

Hawesko Holding AG is a leading purveyor of premium wines and champagnes. In fiscal year 2018, the Group employed 1,000 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 annual group accounts for 2018 are available for download in German at www.hawesko-holding.com/investoren and will be available in English translation shortly.

Publisher:

Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg

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)
weinco.at (Online shop of Wein & Co.)
wirwinzer.de (German wines directly from the producers)

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

25.04.2019 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


Hawesko Holding AG: Hawesko proposes dividend of EUR 1.30 per share

English News

08.04.2019 / 07:24
The issuer is solely responsible for the content of this announcement.

Hawesko proposes dividend of EUR 1.30 per share

Hamburg, 8 April 2019. The management board and supervisory board of Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) will propose a dividend payout of EUR 1.30 per share for fiscal year 2018, as in the previous year, to the annual general meeting of shareholders on 17 June 2019. With this step, shareholders continue to participate in the business success of their company at a high level of continuity – including this 21st year after Hawesko’s initial listing on the stock exchange in 1998. At the current share price of approximately EUR 35, the proposed payout corresponds to a dividend yield of 3.7%.

“In 2018 we increased consolidated sales overall by 3.4%, despite the difficult second half of the year,” commented CEO Thorsten Hermelink in Hamburg Friday evening. “Even excluding the acquisition of the Austrian market leader Wein & Co., we achieved modest growth, so that the Group has clearly asserted its market position. Moreover, the strong increase in free cash flow despite the lower consolidated EBIT underscores our earnings power.”

At its meeting on 5 April 2019, the supervisory board approved the annual financial statements for fiscal year 2018 and ratified the consolidated financial statements. In addition, the supervisory board agreed to the corresponding dividend proposed by the management board.

The final consolidated financial statements for 2018 show sales of EUR 524.3 million (+3.4 %; previous year: EUR 507.0 million). The result from operations (EBIT) amounts to EUR 28.1 million, excluding non-recurring charges of EUR 0.4 million due to the acquisition of Wein & Co. (previous year: EUR 30.4 million). Due to a positive financial result, consolidated net income after taxes and non-controlling interests rose to EUR 22.0 million (previous year: EUR 18.5 million). The consolidated balance sheet total comes to EUR 289.0 million (2017: EUR 259.7 million). Excluding the acquisition, free cash flow at EUR 20.2 million made a strong recovery (previous year, comparable, excluding acquisitions: EUR 6.2 million).

# # #

The complete 2018 annual report and accounts will be presented at the annual press conference on 25 April 2019.

Hawesko Holding AG is a leading purveyor of premium wines and champagnes. In fiscal year 2018, the Group employed approximately 1,000 persons in the company’s three brand units: retail (Jacques’ Wein-Depot and Wein & Co.), B2B (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and e-commerce (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

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 Wein & Vinos)
wirwinzer.de (German wines directly from the producers)
weinco.at (Online shop)

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

08.04.2019 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


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