Category: English News


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


Hawesko Holding AG: Hawesko Group streamlines management structure

English News

01.04.2019 / 18:43
The issuer is solely responsible for the content of this announcement.

Hawesko Group streamlines management structure

– Holding company management board slimmed to three members

– Consistent implementation of digital transformation

Hamburg, 1 April 2019. Today the wine-trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708), Europe’s leading wine trading company and Germany’s No. 1 supplier of premium wines and champagnes, announced a realignment of its management structure. This will enable the company to respond faster and better to the continuously intensifying demands of the market.

In the course of the realignment, the management board of the holding company is being reduced to three members. Chief executive officer Thorsten Hermelink will be responsible for group strategy, e-commerce and distribution. Alexander Borwitzky will become chief operating officer and be responsible for group-wide platforms and multi-channel retail. As chief financial officer, Raimund Hackenberger will be in charge of finance and financial controlling, investor relations and human resources. The managing director of each subsidiary will report to his relevant member of the management board.

Thorsten Hermelink, CEO of Hawesko Holding AG, commented, “The new structure is an important strategic step for Hawesko. With the new management structure and separation of management-board and subsidiary management functions, we will have a leaner set-up with more direct lines of responsiblity. This will help us to implement strategic topics more rapidly, to continue on our path of profitable growth and consistently to strengthen our market position.”

In the wake of the new structure, Nikolas von Haugwitz, who till now has been responsible for the e-commerce brand unit, will leave the company in best mutual agreement.

“We extend our warm thanks to Nikolas von Haugwitz for the valuable and significant work he performed for our company over the past 15 years, and wish him all the best for his professional and private life in the future,” said Supervisory Board Chairman Detlev Meyer.

The changes in the management board of Hawesko Holding AG are effective immediately.

# # #

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: 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

01.04.2019 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 Group gains market share again in 2018

English News

30.01.2019 / 08:00
The issuer is solely responsible for the content of this announcement.

Hawesko Group gains market share again in 2018

Hamburg, 30 January 2019. Today the wine-trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708), Europe’s leading wine trading company and Germany’s No. 1 purveyor of premium wines and champagnes, announced that based on preliminary figures it achieved consolidated sales of EUR 525 million in fiscal year 2018. For the first time, this figure includes a sales contribution of the Austrian market leader Wein & Co. Thus, sales of the Hawesko Group in fiscal year 2018 increased by 3.5% over the previous year. Excluding Wine & Co., consolidated sales amounted to EUR 511 million (+0.7% compared to the previous year). As the German wine market overall declined in terms of value and volume in fiscal year 2018, the Group once again increased its share of the market. With regard to consolidated EBIT, the Hawesko management board expects a figure of approximately EUR 28 million excluding the non-recurring charges arising from Wein & Co. In the previous year, EBIT amounted to EUR 30.4 million. Including the non-recurring charges from the initial consolidation of Wein & Co., consolidated EBIT for 2018 will be approximately EUR 25 million based on preliminary figures.

CEO Thorsten Hermelink commented, “The year 2018 was not easy for us primarily due to the intense, long-lasting summer heat in the third quarter. The high temperatures simply caused people in Germany to drink less wine. In the fourth quarter, demand returned to normal again, but it was not possible to compensate fully for the decline in the third quarter. Based on the information available to us, the wine market in Germany contracted over the past year, so that the slight growth we achieved is even more important. I was especially pleased that we received an additional boost in sales in the fourth quarter from Wein & Co., the market leader for premium wines in Austria. Thus, we are continuing to grow both organically and via acquisitions. With regard to consolidated EBIT, we achieved our revised target.” Hermelink added, “In the current fiscal year we are working hard to create the foundations for further strengthening our market position. At the same time we want to continue growing profitably.”

# # #

Hawesko Holding AG is a leading supplier of premium wines and champagnes. In fiscal year 2017, the Group 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

Internet: hawesko-holding.com (Company information)
hawesko.de (Online shop)
jacques.de (Jacques’ Wein-Depot information and online shop)
vinos.de (Selected Spanish wines)
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

30.01.2019 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: Strong 4th quarter expected

English News

08.11.2018 / 08:00
The issuer is solely responsible for the content of this announcement.

Hawesko Holding: Strong 4th quarter expected

– Long summer pressured performance in the third quarter

– Demand recovering at the start of the holiday quarter

– Initial consolidation of Wein & Co. expected to add EUR 13 million in sales

Hamburg, 8 November 2018. Today Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) published its report on the third quarter and the first nine months of fiscal year 2018. “In the third quarter the long, hot summer caused our business to fall short on sales and earnings, particularly in September,” said Thorsten Hermelink, chief executive officer of the Hawesko Group. “However, because we set a decent pace in the first half-year, we were still able to achieve sales growth of 1.2% and an operating result of EUR 12.4 million in the nine-month period.” Hermelink added, “At the start of the final quarter, we see that demand is already recovering, we’re focussing all of our energy on a successful holiday business and we expect a strong fourth quarter. In addition, the initial consolidation of Wein & Co., the market leader in the premium segment in Austria, will give us a major boost in sales of approximately EUR 13 million.”

In the third quarter of 2018 (1 July to 30 September), the Hawesko Group achieved consolidated sales of EUR 108.3 million, after EUR 110.7 million in the same quarter of the previous year. While sales in the B2B (wholesale) and digital (distance selling) brand units, at 6.4% and 2.9% respectively, fell short of the previous year’s levels due to the unusually long, hot summer, sales at the omni-channel brand unit (Jacques’ Wein-Depot) rose by 3.6% (on a like-for-like basis: 1.8%).

The consolidated result of operations (EBIT) amounted to EUR 1.8 million in the third quarter of 2018, excluding a provision recognised for impending losses at a subsidiary (previous year: EUR 4.1 million). The decline resulted from the shortfall in sales and gross profit compared to the previous year and from expenditures for growth.

The Group’s management board has revised its forecast for 2018 in line with these circumstances and with the initial consolidation of Wein & Co. as of 1 October 2018, and expects sales growth of approximately 5% (previous year: EUR 507 million) and an EBIT after the deduction of integration costs for Wein & Co. of EUR 25-27 million (previous year: EUR 30.4 million).

# # #

The full nine-month financial report to 30 September 2018 is available for downloading at https://www.hawesko-holding.com/en/press/interim-reports-2018/.

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

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

08.11.2018 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


Hawesko Holding AG: Acquisition of Wein & Co completed

English News

02.10.2018 / 10:00
The issuer is solely responsible for the content of this announcement.

Acquisition of Wein & Co completed

Hamburg, 2 October 2018. Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) has acquired 100% of the shares of Wein & Co Handelsgesellschaft m.b.H., Vösendorf/Austria. All of the necessary approvals were issued and now the transaction has been completed.

Wein & Co is a leading purveyor of high-quality wines and champagnes in Austria and achieved EUR 43 million in sales in fiscal year 2016/17. The concept is based on premium lifestyle with wine bars, culinary art and events. Complemented by its online shop, Wein & Co has an integrated omnichannel offering in pure form, and is thus a viable platform that can be scaled internationally.

With this acquisition, the Hawesko Group has added a premium brand in the end-customer sector to its existing wholesale activities in Austria. Sales from foreign operations will now rise from approximately 9% up to 16% of total Group sales. For producers the Hawesko Group will be even more attractive as a partner.

According to Thorsten Hermelink, CEO of Hawesko Holding AG, the company fits perfectly in the premium brand community of the Hawesko Group and will remain an independent retail brand. Hermelink added, “Hawesko and Wein & Co simply fit well to each other – strong position in the respective markets, exciting and viable concepts for the future and the shared passion for wine. For us the acquisition of Wein & Co is an important strategic milestone.”

Heinz Kammerer, the founder of Wein & Co, said he was happy to be able to put the company he founded 25 years ago into experienced and competent hands. He will no longer be involved in the daily operations, but will continue to play an active role as a consultant. Thorsten Hermelink welcomed Mr Kammerer’s decision to continue to support the realignment he initiated with his immense expertise and his excellent relationships in the Austrian wine world.

Together, Hawesko and the management of Wein & Co will continue to develop the brand, position it for the future and utilize the potential of Wein & Co for international expansion and e-commerce. Initial consolidation will take place as of 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 been included in the planning for 2018.

# # #

Hawesko Holding AG is a leading purveyor 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

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

02.10.2018 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


Hawesko Holding AG: Q2 sales up by 3.4%

English News

02.08.2018 / 08:00
The issuer is solely responsible for the content of this announcement.

Hawesko Holding: Q2 sales up by 3.4%

– All brand units contribute to growth
– Growth initiatives and higher IT expenses temporarily pressure EBIT
– Management board sees a positive picture overall and confirms full-year forecast

Hamburg, 2 August 2018 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 2018. “The overall picture for the second quarter and the first half of the year are equally positive. Because the Easter business took place in the first quarter and the Soccer World Cup is generally not really good for the wine business, external growth stimuli were a bit lacking. Despite this, all brand units posted sales increases in the second quarter and grew,” said Thorsten Hermelink, CEO of the Hawesko Group in Hamburg. Hermelink added, “In addition to the organic growth, we are have also kept an eye on acquisitional growth. The agreed takeover of Wein & Co, the Austrian market leader in the premium segment, is a further step in the ongoing development of the Group”.

In the second quarter of 2018 (1 April to 30 June), consolidated sales rose to EUR 125.7 million, up by 3.4% over the previous year (EUR 121.5 million). Sales in the B2B (wholesale) brand unit increased by 6%, in the omnichannel brand unit (Jacques’ Wein-Depot) by 3% (just under 2% on a like-for-like basis), and in the digital (distance selling) brand unit by 1%.

The consolidated operating result (EBIT) in the second quarter of 2018 amounted to EUR 5.7 million (same quarter in the previous year: EUR 6.6 million). The decline from the previous year was due to growth-related investments, and in the omnichannel and digital brand units to temporarily higher IT costs in the wake of an SAP implementation as well as programming expenses in the e-commerce area. Moreover, EBIT at Vinos declined due to lower sales compared to the same quarter of the previous year, in which there had been high demand for its special anniversary offers. The management board expects that these negative factors will not recur in the further course of the year and will be compensated in the second half of the year, in which more than 60% of sales and profit are typically earned.

The management board confirms its forecast (excluding the effects of the agreed acquisition of Wein & Co), 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 in the range between EUR 32-33 million in 2018, corresponding to an EBIT margin of approximately 6.2%, and thus an increase of about 0.2 percentage points over 2017.

# # #

The full six-month financial report to 30 June 2018 is available for downloading at https://www.hawesko-holding.com/en/press/interim-reports-2018/.

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

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

02.08.2018 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


^