Category: English News


Hawesko Holding AG: Hawesko Group with record result

English News

DGAP-News: Hawesko Holding AG / Key word(s): Preliminary Results
04.02.2021 / 08:00
The issuer is solely responsible for the content of this announcement.

Hawesko Group with record result

– Group sales up 12% to € 620 million in 2020

– Online boom and strong Christmas business boost operating result

Hamburg, February 4, 2020. Based on preliminary figures, the wine trading group Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) achived consolidated sales of € 620 million in the 2020 financial year. This corresponds to a 12% increase in sales compared with the previous year. Europe’s largest wine trading group expects consolidated EBIT to increase to around € 42 million, significantly exceeding the previous year’s figure of € 29.1 million.

The strong sales growth results in particular from increased demand in the B2C segments e-commerce and retail. The e-commerce segment grew by 29% year-on-year in 2020. The Retail segment achieved revenue growth of 12% in the same period. An exceptionally high level of demand during the Christmas season additionally improved the operating results of these segments.

Adjusted for the sale of the subsidiary VogelVins in June 2020, the B2B segment recorded a decline in sales of -5%. Declining sales to the food service and hotel industries were almost offset by increased demand in other sales channels.

“The entire Hawesko Group team has shown tremendous commitment in 2020, focusing on our customers and the business in these special times,” said Hawesko CEO Thorsten Hermelink. “We look forward to continuing to inspire our customers and the many new customers we have, and to expanding our market position as Europe’s leading wine trading group.”

# # #

The Hawesko Group 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 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 (Corporate Information)
hawesko.de (Online-Shop)
jacques.de (Locations and online offer of Jacques’ Wein-Depot)
vinos.de (Spanish wines)
wirwinzer.de (German wines directly from the producer)
weinco.at (Online-Shop)

Press and Investor Relations Contact:

Phone: +49 (0) 40 30 39 21 00
E-Mail: ir@hawesko-holding.com

04.02.2021 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 before record result – online boom in the Christmas business exceeds high expectations

English News

DGAP-News: Hawesko Holding AG / Key word(s): Change in Forecast
15.12.2020 / 08:20
The issuer is solely responsible for the content of this announcement.

Hawesko before record result – online boom in the Christmas business exceeds high expectations

Hamburg, 15 December 2020 – The wine trading group Hawesko Holding AG is benefiting from exceptionally strong online demand during the Christmas business and, following a further increase in forecasts, is expecting record sales and earnings in 2020.

The Management Board of Europe’s largest wine trading group expects an operating profit of between € 39 and € 42 million, which is above the figure of € 33 million already raised at the beginning of November and clearly exceeds the previous year’s figure of € 29.1 million.

The COVID-19-related strong growth trend in the B2C segments Retail and E-Commerce is also unbroken during the Christmas business. This more than compensates for the decline in B2B-sales to the restaurant and hotel industry, which was also caused by the circumstances of the COVID-19 pandemic. The Management Board of Hawesko Holding AG therefore expects that the annual sales of Hawesko Group with its subsidiaries in Germany, Austria, Switzerland and Sweden will exceed € 600 million in 2020 for the first time (2019: € 556 million).

“We benefit from a very dynamic online business. This trend, which has already been observed since the outbreak of the COVID-19 pandemic, has significantly intensified in the current Christmas business”, said HAWESKO-CEO Thorsten Hermelink. “This pleasing development is the result of our comprehensive wine knowledge and unerring feeling for customer wishes as well as the successful combination of stationary and online trade. Our customers’ confidence in our product range and our high-performance logistics is an incentive for us, especially in these difficult times for many people, to further consolidate our position as Europe’s leading wine trading group next year”.

The Group will publish preliminary key figures for the 2020 financial year at the beginning of February.

# # #

The Hawesko Group 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 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 (Corporate Information)
hawesko.de (Online-Shop)
jacques.de (Locations and online offer of Jacques’ Wein-Depot)
vinos.de (Spanish wines)
wirwinzer.de (German wines directly from the producer)
weinco.at (Online-Shop)

Press and Investor Relations Contact:

Phone: +49 (0) 40 30 39 21 00
E-Mail: ir@hawesko-holding.com

15.12.2020 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 posts double-digit sales growth in the 3rd quarter

English News

DGAP-News: Hawesko Holding AG / Key word(s): Quarterly / Interim Statement/9 Month figures
05.11.2020 / 08:00
The issuer is solely responsible for the content of this announcement.

Hawesko Group posts double-digit sales growth in the 3rd quarter

– Quarterly sales up 16%, quarterly EBIT rose significantly

– Retail and E-commerce segments continue to drive business performance

– Management board makes expectations for full fiscal year 2020 concrete:
sales over € 600 million, EBIT approximately € 33 million
 

Hamburg, 5 November 2020. Today the wine-trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) published its quarterly statement to 30 September 2020 for the third quarter (1 July to 30 September) as well as for the nine-month period (from 1 January). “We are very pleased with the sales growth of 16% and the significant improvement of the operating result (EBIT) we achieved in the third quarter over the previous year. The increased ‘at-home consumption’ led to stronger demand in the Retail and E-commerce segments. Sales to restaurant and catering customers also developed well over the summer. For the holiday business in the fourth quarter, we anticipate an as-yet unpredictable decline in demand in the B2B segment due to increased restrictions in the restaurant and hotel industries, while we expect demand to remain high in the E-commerce and Retail segments. Our diversified market positioning as well as our investments in E-commerce have once again proven themselves as factors in our strength and stability in this situation,” said Thorsten Hermelink, CEO of the Hawesko Group in Hamburg.

In the third quarter of 2020, consolidated sales rose by 16% to € 137.7 million (same quarter in the previous year: € 118.5 million). The E-commerce segment achieved sales of € 46.9 million, corresponding to an increase of 28%. Sales in the Retail segment (Jacques’ Wein-Depot and Wein & Co.) rose by 15% to € 50.9 million. Jacques’ posted growth of 13%, while Wein & Co. posted growth of 20%. The B2B segment achieved sales of € 40.0 million in the summer quarter (Q3), an increase of 6% over the same quarter of the previous year due to the easing of contact restrictions and the resumption of open-air restaurant and catering operations.

The consolidated result of operations (EBIT) amounted to € 8.5 million in the third quarter of 2020, a tenfold increase over the same quarter of the previous year. The Group’s operating (EBIT) margin rose once again and was 6.2% in the third quarter (previous year’s quarter: 0.6%) after 6.0% in the second and 3.2% in the first quarter of 2020.

In the nine-month period (1 January to 30 September), consolidated sales increased over the previous year by 11% to € 415.3 million, while EBIT more than doubled to € 21.6 million. Consolidated net income after deductions for taxes and non-controlling interests nearly tripled to € 13,0 million, and earnings per share amounted to € 1.44, (previous year: € 0.41). During the first nine months, free cash flow reached a positive value of € 22.5 million, compared to €-18.2 million in the same period of the previous year.

For the Hawesko management board, the successes in the first nine months do not change the fact that assessing future business development remains difficult due to the ongoing coronavirus pandemic. Nevertheless, the board is making the prospect of a significant increase in consolidated EBIT concrete, naming a forecast of approximately € 33 million (after € 29.1 million in the previous year). In terms of consolidated sales, the management board expects to break the € 600 million mark (previous year: € 556 million) with the continuing strong performance in the Retail segment and the sustained boom in the E-commerce segment.
# # #

The full quarterly statement to 30 September 2020 is available for download at
https://www.hawesko-holding.com/en/press/interim-reports-2020/.

The Hawesko Group 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 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 winegrowers)
weinco.at (Online shop)

Press and Investor Relations:

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

05.11.2020 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 increases earnings by more than double in the first three quarters

English News

DGAP-News: Hawesko Holding AG / Key word(s): 9 Month figures
20.10.2020 / 07:52
The issuer is solely responsible for the content of this announcement.

Hawesko Group increases earnings by more than double in the first three quarters

– Nine-month period: Sales +11%, EBIT +125% (€ 21-22 million)

– Strong growth of sales and earnings continues in Q3

– Despite risks of pandemic for restaurants and caterers in Q4, operating result for full year expected significantly above previous year

Hamburg, 20 October 2020. The wine-trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) announced today that the operating result (EBIT) of the group in the first nine months (1 January to 30 September) of 2020 will more than double to € 21-22 million according to preliminary calculations (same period in the previous year: € 9.5 million). Sales revenues will have increased during the same period by approximately 11% to € 415 million (previous year: € 374.4 million). In spite of expected tighter restrictions for restaurants and hotels in the fourth quarter during the important business leading up to Christmas, the management board expects the operating result (EBIT) for the full year 2020 to reach around € 33 million and be significantly higher than the previous year’s figure of € 29.1 million.

Thorsten Hermelink, CEO of the Hawesko Group, commented, “Thanks to our diversified positioning in the wine market we are getting through this fiscal year, with all its peculiarities, very well. Our E-commerce and Retail segments were able to continue their strong performance of the second quarter into the third quarter. The B2B segment also showed signs of recovery during the nice summer weather. Above all, we are converting our good sales performance into outstanding earnings performance. With regard to the rest of the year, we anticipate tighter restrictions for restaurants and caterers because of the coronavirus pandemic and thus big challenges for business leading up to Christmas in the B2B segment. Still we are confident that we, as a group, can significantly top the previous year’s result.”

A detailed analysis as well as the quarterly statement to 30 September 2020 will be published on 5 November 2020.

# # #

The Hawesko Group 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

20.10.2020 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: AGM approves dividend payment of € 1.75 per share

English News

DGAP-News: Hawesko Holding AG / Key word(s): AGM/EGM
20.08.2020 / 17:43
The issuer is solely responsible for the content of this announcement.

Hawesko Group: AGM approves dividend payment of € 1.75 per share

– Hawesko Group pays dividend for the 22nd consecutive year

– Positive business development continuing in the 3rd quarter

Hamburg, 20 August 2020. 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 € 1.75 per share (€ 1.30 as a regular dividend plus € 0.45 as a special dividend) for fiscal year 2019 today, to be paid out as of 25 August 2020. Thus, the company’s shareholders will receive a dividend 35% higher (including the special dividend) than that of the previous year. This corresponds to a dividend yield of approximately 4% based on a share price of € 43.00 as of 20 August 2020. Hawesko Holding AG is thus continuing its longstanding tradition of uninterrupted dividend payment: 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 management board were approved by the virtual annual general meeting of the shareholders, and the formalities were completed as well. The company also provided some insight into their current business performance: according to CEO Thorsten Hermelink, the Hawesko Group has continued the positive sales trends of the first half-year in the third quarter until now. At the half-year reference date on 30 June 2020, consolidated sales were up by 8.5% and the operating result by 49% over the same period in the previous year. Hermelink added that due to the current situation with the coronavirus pandemic, a reliable forecast for the rest of the year was still not possible, but that the Hawesko management board was very confident that the current fiscal year will be a successful one, provided that no further comprehensive lockdown is imposed in autumn.

# # #

The Hawesko Group 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
E-mail: ir@hawesko-holding.com

20.08.2020 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: Hawesko Group records a strong second quarter

English News

DGAP-News: Hawesko Holding AG / Key word(s): Interim Report/Half Year Results
06.08.2020 / 08:01
The issuer is solely responsible for the content of this announcement.

Hawesko Group records a strong second quarter

– Retail and E-commerce segments boost business performance in the second quarter:
sales +13%, EBIT +85%

– Modernisation and restructuring programme in the B2B segment
 

Hamburg, 6 August 2020. Today the wine-trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) published its financial report for the first six months of fiscal year 2020, including the figures for the second quarter (1 April to 30 June). “In the second quarter we were able to continue the positive development of the first quarter, despite the difficult conditions caused by the coronavirus pandemic. The consumer segments Retail and E-commerce more than compensated for the sales slump in the B2B segment due to closures in the restaurant and hotel industry, so that group sales rose overall by 13% – with a significant increase of 85% in EBIT as well,” said Thorsten Hermelink, CEO of the Hawesko Group in Hamburg.

In the second quarter of 2020, consolidated sales rose by 13% to €153.8 million (same quarter in the previous year: € 136.2 million). The E-commerce segment achieved sales of € 62.0 million, corresponding to an increase of 43%. Sales in the Retail segment (Jacques’ Wein-Depot and Wein & Co.) rose by 9.1% to € 52.8 million. Jacques’ posted growth of 12%, while Wein & Co. posted a decline in sales due to the coronavirus-related branch closures in Austria in April. Sales in the B2B segment at € 39.0 million were below the figure for the previous year’s quarter (€ 44.5 million), although sales for the month of June were again above the same quarter in the previous year.

The consolidated operating result (EBIT) amounted to € 9.2 million in the second quarter of 2020, corresponding to an increase of 85% over the previous year’s quarter, despite the fact that non-recurring expenditures of more than two million euros were incurred in conjunction with modernisation and restructuring measures as well as the sale of a Swiss subsidiary. The Group’s operative (EBIT) margin was 6.0% in the second quarter, compared to 3.7% in the same quarter of the previous year and 3.1% in the first quarter of 2020.

In the first half of the year (1 January to 30 June), consolidated sales increased over the previous year by 8.5% to € 277.6 million, while EBIT rose by 49% to € 13.1 million. Consolidated net income after deductions for taxes and non-controlling interests nearly doubled to € 8.0 million, and earnings per share amounted to € 0.89, after € 0.44 per share in the first six months of the previous year). At the half-year reference date, free cash flow reached a positive value of € 16.2 million, compared to €-10.3 million in the same period of the previous year.

For the Hawesko management board, the successes of the first half of the year have not changed the fact that an assessment of the further course of the Covid-19 pandemic and its impact remains difficult. Overall, a reliable forecast for fiscal year 2020 is not possible. However, the management board is optimistic that the performance in the consumer segments will continue in general, albeit perhaps not on the same scale as before, and hopes that the restaurant and hotel industry will recover as rapidly as possible. Should these scenarios turn out to be true, it can be assumed that group EBIT will not lag behind the level of the previous years.
# # #

The full six-month financial report to 30 June 2020 is available for download at www.hawesko-holding.com/en/investors.

The Hawesko Group 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
E-mail: ir@hawesko-holding.com

06.08.2020 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: Strong sales development and significant EBIT increase in the first half-year

English News

DGAP-News: Hawesko Holding AG / Key word(s): Half Year Results
16.07.2020 / 11:42
The issuer is solely responsible for the content of this announcement.

Strong sales development and significant EBIT increase at half-year

Hamburg, 16 July 2020. The wine-trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) announced today that the operating result (EBIT) of the group in the first half-year of 2020 (1 January to 30 June) is expected to rise by about 50% to approximately € 13.1 million according to preliminary calculations (previous year: € 8.8 million). Sales revenues will have increased during the same period by 8.5% to € 277.6 million (previous year: € 255.8 million).

The Hawesko Group benefited from enormous growth in sales and EBIT in its E-commerce segment as well as from strong business performance in its Retail segment in Germany. The contact restrictions imposed to contain the Covid-19 pandemic and the closures in the hotel, restaurant and catering sectors have shifted the stocking up of wine and its consumption to private households. Overall, the positive developments in the end-customer segments E-commerce and Retail have more than compensated for the slump in sales caused by the restaurant and hotel closures in the B2B segment.

‘The coronavirus crisis and the contact restrictions radically changed the market environment during the first six months of the year. Now it is clear how important it was that we developed and expanded our e-commerce business models in recent years. Due to the measures taken to control the coronavirus in the hotel and restaurant industries, we are facing a struggle in the B2B segment. All in all, in times like these our diversification within the group works to our advantage,’ said Thorsten Hermelink, CEO of the Hawesko Group in Hamburg.

Hermelink added, ‘Business development will remain difficult to predict for the rest of the year and will heavily depend on whether our daily life slowly returns to normal or whether stricter corona-related measures have to be re-imposed during the second half of the year. However, we currently have good reason to be optimistic that the positive business performance in our end-customer segments E-commerce and Retail will fundamentally continue, albeit not on the same scale, and hope that the hotel and restaurant sectors will recover over the course of the year.’

A detailed analysis as well as the full interim financial statements for the period to 30 June 2020 will be published in the half-year report on 6 August 2020.

# # #

The Hawesko Group is a leading purveyor of premium wines and champagnes. In fiscal year 2019, it employed 1,200 persons in the group’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

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

16.07.2020 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 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.’

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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.’

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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


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