Hamburg, 4 August 2023. The wine trading group Hawesko Holding SE (HAW, HAWG.DE, DE0006042708) today published its half-yearly financial report 2023, including the figures for the second quarter (1 April to 30 June). With revenues of € 314 million (previous year: € 312 million) and an adj. EBIT of € 13.2 million (previous year: € 15.3 million) for the half year, the business remains close to last year’s level and still well above the pre-Corona trend in a challenging environment.

The persistently poor consumer climate, due to the high core inflation rate in Germany, led to a change in the channel mix. In view of rising prices, customers are “moving down” in all food ranges and also staying in their usual price categories for wine. In the end customer segments, sales are shifting towards stationary retail and away from e-commerce due to the smaller shopping baskets. On the other hand, the B2B segment was able to benefit from noticeable catch-up effects in the gastronomy sector. Overall, however, the negative development compared to the previous year eased in the second quarter.

With stable gross margins in all segments compared with the previous year and consistent efficiency programs in the areas of marketing, logistics and administration, it was possible to achieve EBIT on a par with the strong Corona year 2020 despite inflation-related cost increases and maintain the adj. EBIT margin at 4.2 percent at the half-year (previous year: 4.9 percent).

The Board of Management of the Hawesko Group expects market conditions to remain challenging in 2023 as a whole. Revenue is therefore still expected to remain at the previous year’s level, with EBIT before restructuring of € 37 – 42 million due to the changed segment mix.

# # #

As a leading trading group for high-quality wines, champagnes and spirits, the Hawesko Group employs around 1,300 people across the Retail (Jacques’ and Wein & Co.), B2B (especially Wein Wolf, Abayan and Grand Cru Select) and e-commerce (especially HAWESKO, Vinos and WirWinzer) segments. The shares in Hawesko Holding SE are listed on the Hanseatic Stock Exchange, Hamburg, and in the Prime Standard segment of the Frankfurt Stock Exchange.

Publisher:

Hawesko Holding SE
Elbkaihaus
Grosse Elbstrasse 145 d
22767 Hamburg
Germany

Internet:

hawesko-holding.com Corporate information

hawesko.de  Extensive range for wine connoisseurs

jacques.de  Jacques’ locations and online offerings

weinco.at   Austria’s leading specialist wine dealer

vinos.de   The best wines from Spain

wirwinzer.de  German wines directly from the producers

tesdorpf.de  Traditional fine wine trader

weinart.de   Rarities and top wines from around the world

the-wine-company.se Excellent wines for Sweden

enzo.de   Italian wines and lifestyles

globalwine.ch  Premium portfolio for highest quality demands

weinwolf.de  International wine variety

volume-spirits.de  Exquisite spirits portfolio

abayan.de   Top wines from Italy

Press and Investor Relations contact:

Tel.  (+49) 40 3039 2100

Tel.  (+49) 40 3039 2105

E-mail: ir@hawesko-holding.com

PRESS RELEASE

Hawesko Group: Annual General Meeting resolves payment of a dividend of € 1.90 per share

Hamburg, 13 June 2023. At the Annual General Meeting of the wine trading group Hawesko Holding SE (HAW, HAWG.DE, DE0006042708), a resolution was passed to pay a dividend of € 1.90 per share for the 2022 financial year, payable from 15 June 2023. The company’s shareholders will thus receive a basic dividend at the previous year’s level on the occasion of the 25th anniversary of the company’s stock exchange listing. This corresponds to a dividend yield of around 4.4 percent based on a share price of € 43 on 09 June 2023. With this distribution Hawesko Holding SE is continuing its longstanding uninterrupted dividend tradition: the group’s shareholders have received a dividend every year since the IPO in 1998.

All the proposals of the corporate bodies met with the approval of the Annual General Meeting, and the regulations were fulfilled.

# # #

As a leading trading group for high-quality wines, champagnes and spirits, the Hawesko Group employs around 1,300 people across the Retail (Jacques’ and Wein & Co.), B2B (especially Wein Wolf, Abayan and Grand Cru Select) and e-commerce (especially HAWESKO, Vinos and WirWinzer) segments. The shares in Hawesko Holding SE are listed on the Hanseatic Stock Exchange, Hamburg, and in the Prime Standard segment of the Frankfurt Stock Exchange.

Publisher:

Hawesko Holding SE
Elbkaihaus
Grosse Elbstrasse 145 d
22767 Hamburg
Germany

Internet:

hawesko-holding.com Corporate information

hawesko.de  Extensive range for wine connoisseurs

jacques.de  Jacques’ locations and online offerings

weinco.at   Austria’s leading specialist wine dealer

vinos.de   The best wines from Spain

wirwinzer.de  German wines directly from the producers

tesdorpf.de  Traditional fine wine trader

weinart.de   Rarities and top wines from around the world

the-wine-company.se Excellent wines for Sweden

enzo.de   Italian wines and lifestyles

globalwine.ch  Premium portfolio for highest quality demands

weinwolf.de  International wine variety

volume-spirits.de  Exquisite spirits portfolio

abayan.de   Top wines from Italy

Press and Investor Relations contact:

Tel.  (+49) 40 3039 2100

Tel.  (+49) 40 3039 2105

E-mail: ir@hawesko-holding.com

PRESS RELEASE

Hawesko Group starts with good results from the pandemic

• Turnover in 2022 just below the record turnover in 2021 and significantly better than before Corona
• Inflation-related cost increases could be largely compensated for
• Stable dividend of € 1.90 per share proposed

Hamburg, 20 April 2023: The Board of Management of the wine trading group Hawesko Holding SE (HAW, HAWG.DE, DE0006042708) presented stable results for the 2022 financial year and developments in the first quarter of 2023 at today’s annual press conference.

The Chairman of the Board of Management of the Hawesko Group, Thorsten Hermelink, commented: “Behind us lies a financial year that has deepened the great trust our customers place in us as a competent wine merchant, but one that also held extraordinary challenges in store. As expected, the Hawesko Group was able to confirm a high level of sales in 2022 after the pandemic years and once again inspired many people who love wine. We responded resolutely to the market changes and sharply increased costs for energy, glass, paper, cardboard and transport, adjusted our offerings and optimised our procurement. Price adjustments were also part of the necessary measures, so that the cost increases could be passed on to the market to a large extent.”

In the 2022 financial year, Group revenue of € 671.5 million was slightly (1.3 percent) below the previous year’s level (€ 680.5 million), but a strong 35 percent above the pre-pandemic level of 2019. In 2022, the absence of the corona-induced special boom led to an expected normalisation in e-commerce and growth in restaurant sales. Around € 6 million out of a total of nearly € 30 million in inflation-related cost increases could not yet be passed on in 2022, reducing profitability compared to the record previous year. Group EBIT in 2022 was € 39.1 million (previous year: € 53.1 million) and the EBIT margin was 5.8 percent (previous year: 7.8 percent). 

Consolidated net income after taxes and non-controlling interests amounted to € 25.6 million (previous year: € 33.6 million). This corresponds to € 2.85 per share (previous year: € 3.74). The equity ratio rose to 31 per cent (previous year: 30 percent).

For 2023, the Executive Board expects a persistently pessimistic consumer climate and continued high inflation. The recovery in the gastronomy and hotel industry will continue as people continue to feel a pent-up demand in 2023. At the same time, there will be at least a temporary reluctance to buy on the part of customers or an orientation towards lower bottle prices in the e-commerce segment. The retail segment, on the other hand, will be able to record a constant customer frequency and slightly increasing revenues due to its lower shopping baskets as a friendly local supplier. Overall, the Executive Board expects a revenue development of +2 to -3 per cent for 2023 compared to the previous year and an operating EBIT of € 37 to € 42 million.

The first quarter of 2023 has so far confirmed the expectations for the full year 2023. According to provisional results, the Hawesko Group’s sales of around € 153 million are slightly (2.3 percent) above the previous year’s level (€ 149.5 million). The B2B and retail segments grew slightly and more than compensated for the e-commerce segment, which is still lagging behind. At around € 5.5 million, operating EBIT will still fall short of the previous year’s figure (€ 7.3 million), although profitability is expected to catch up in the course of the year.

In good core health, the Hawesko Group is well equipped to meet the current challenges. It is planned to propose an unchanged dividend of € 1.90 per share for the 2022 financial year to the Annual General Meeting.

# # #

As a leading trading group for high-quality wines, champagnes and spirits, the Hawesko Group employs around 1,300 people across the Retail (Jacques’ and Wein & Co.), B2B (especially Wein Wolf, Abayan and Grand Cru Select) and e-commerce (especially HAWESKO, Vinos and WirWinzer) segments. The shares in Hawesko Holding SE are listed on the Hanseatic Stock Exchange, Hamburg, and in the Prime Standard segment of the Frankfurt Stock Exchange.
 

Publisher:

Hawesko Holding SE
Elbkaihaus
Grosse Elbstrasse 145 d
22767 Hamburg
Germany

Internet:

hawesko-holding.com Corporate information

hawesko.de  Extensive range for wine connoisseurs

jacques.de  Jacques’ locations and online offerings

weinco.at   Austria’s leading specialist wine dealer

vinos.de   The best wines from Spain

wirwinzer.de  German wines directly from the producers

tesdorpf.de  Traditional fine wine trader

weinart.de   Rarities and top wines from around the world

the-wine-company.se Excellent wines for Sweden

enzo.de   Italian wines and lifestyles

globalwine.ch  Premium portfolio for highest quality demands

weinwolf.de  International wine variety

volume-spirits.de  Exquisite spirits portfolio

abayan.de   Top wines from Italy

Press and Investor Relations contact:

Tel.  (+49) 40 3039 2100

Tel.  (+49) 40 3039 2105

E-mail: ir@hawesko-holding.com

Hawesko Holding SE: Peter Iff becomes Managing Director of Wein & Vinos

Berlin, 20 February 2023. Peter Iff (54) joins the management of Wein & Vinos with effect from 01 March 2023. The multichannel Spain specialist is a wholly owned subsidiary of Hawesko Holding SE and is one of the top-selling specialist wine retailers in Germany. Peter Iff will lead the company as Spokesman of the Board of Management together with CFO Moritz Kottenhagen (38). He will be responsible for marketing, e-commerce, purchasing, customer service, retail and HR.

Peter Iff has been at home in B2C retail for many years and most recently worked in a management position for Ludwig Görtz GmbH.

“With Peter Iff, we have been able to find an extremely competent manager with purchasing and marketing experience and excellent expertise for Wein & Vinos. He will re-inspire the company and successfully develop it further with the high-performance team,” says Thorsten Hermelink, Chairman of the Board of Management of Hawesko Holding SE.

#          #          #

As a leading trading group for high-quality wines, champagnes and spirits, the Hawesko Group achieved sales of € 681 million and EBIT of € 53 million in 2021. The Hawesko Group employs around 1,200 people across the Retail (Jacques’ and Wein & Co.), B2B (especially Wein Wolf, Abayan and Grand Cru Select) and e-commerce (especially HAWESKO, Vinos and WirWinzer) segments. The shares in Hawesko Holding SE are listed on the Hanseatic Stock Exchange, Hamburg, and in the Prime Standard segment of the Frankfurt Stock Exchange.

Publisher:

Hawesko Holding SE
Elbkaihaus
Grosse Elbstrasse 145 d
22767 Hamburg
Germany

Internet:

hawesko-holding.com        Corporate information

hawesko.de                         Extensive range for wine connoisseurs

jacques.de                           Jacques’ locations and online offerings

weinco.at                             Austria’s leading specialist wine dealer

vinos.de                               The best wines from Spain

wirwinzer.de                        German wines directly from the producers

tesdorpf.de                          Traditional fine wine trader

weinart.de                            Rarities and top wines from around the world

the-wine-company.se          Excellent wines for Sweden

enzo.de                                Italian wines and lifestyles

globalwine.ch                      Premium portfolio for highest quality demands

weinwolf.de                         International wine variety

volume-spirits.de                Exquisite spirits portfolio

abayan.de                           Top wines from Italy

Press and Investor Relations contact:

Tel.  (+49) 40 3039 2100

Tel.  (+49) 40 3039 2105

E-mail: ir@hawesko-holding.com

PRESS RELEASE

Hawesko Holding: Hawesko Group confirms revenue and earnings expectations for 2022

Hamburg, 03 February 2023. On the basis of provisional and unaudited figures, the wine trading group Hawesko Holding SE (HAW, HAWG.DE, DE0006042708) achieved consolidated sales of around € 671 million and an operating result of around € 39 million in the 2022 financial year.

In the first year after the strong sales growth during the pandemic lockdown, the Hawesko Group’s sales were, as expected, just below the previous year’s level, but well above the sales level before the pandemic. While the e-commerce and retail segments saw their sales decline by -10 and -4 percent respectively due to lower consumption at home, the B2B segment posted +7 percent organic growth thanks to the resurgent catering trade. Overall, i.e. including acquisitions, the B2B segment grew by +16 percent.

The Hawesko Group expects an operating result of around € 39 million in 2022. The profit margin achieved is within the forecast range at just under 6 percent.

The operating result in 2022 is burdened with around € 6 million in exceptional costs due to inflation. The costs for glass, transport, energy as well as paper and cardboard increased massively in the financial year and could not yet be fully compensated for in the gross profit.

“2022 was not an easy year for us with inflation and the energy crisis,” comments Hawesko Chairman of the Board of Management Thorsten Hermelink “However, the Hawesko Group was able to hold its own in the market with its diversified business model after two boom years, even in the crisis. We expect inflation to remain high in 2023, which is why we took measures at an early stage to consistently strengthen our profitability.”

# # #

As a leading trading group for high-quality wines, champagnes and spirits, the Hawesko Group employs around 1,200 people across the Retail (Jacques’ and Wein & Co.), B2B (especially Wein Wolf, Abayan and Grand Cru Select) and e-commerce (especially HAWESKO, Vinos and WirWinzer) segments. The shares in Hawesko Holding SE are listed on the Hanseatic Stock Exchange, Hamburg, and in the Prime Standard segment of the Frankfurt Stock Exchange.

Publisher:

Hawesko Holding SE
Elbkaihaus
Grosse Elbstrasse 145 d
22767 Hamburg
Germany

Internet:

hawesko-holding.com Corporate information

hawesko.de  Extensive range for wine connoisseurs

jacques.de  Jacques’ locations and online offerings

weinco.at   Austria’s leading specialist wine dealer

vinos.de   The best wines from Spain

wirwinzer.de  German wines directly from the producers

tesdorpf.de  Traditional fine wine trader

weinart.de   Rarities and top wines from around the world

the-wine-company.se Excellent wines for Sweden

enzo.de   Italian wines and lifestyles

globalwine.ch  Premium portfolio for highest quality demands

weinwolf.de  International wine variety

volume-spirits.de  Exquisite spirits portfolio

abayan.de   Top wines from Italy

Press and Investor Relations contact:

Tel.  (+49) 40 3039 2100

Tel.  (+49) 40 3039 2105

E-mail: ir@hawesko-holding.com

PRESS RELEASE

Hawesko Holding: CFO Raimund Hackenberger leaves the Hawesko Group

Hamburg, 26 January 2023. After six years as Chief Financial Officer of Hawesko Holding SE, Raimund Hackenberger is leaving the company, having decided to take on a new professional challenge. He will leave the Hawesko Group at the end of his contract term on 31 March 2023.

The Board of Management and Supervisory Board thank Mr Hackenberger for his very committed and successful work! The collaboration with him was always trusting and constructive.

“During his time as Chief Financial Officer, Raimund Hackenberger, together with his colleagues of the Board of Management, made an important contribution to the strategic change in the management of the Group companies that was initiated in 2016. We wish him all the best for the future, both professionally and personally”, said Detlev Meyer, Chairman of the Supervisory Board.

Until a successor is named, the tasks of the Chief Financial Officer will be performed by the Chairman of the Board of Management, Thorsten Hermelink. The search for a successor has already been initiated.

# # #

As a leading trading group for high-quality wines, champagnes and spirits, the Hawesko Group achieved sales of € 681 million and EBIT of € 53 million in 2021. The Hawesko Group employs around 1,200 people across the Retail (Jacques’ and Wein & Co.), B2B (especially Wein Wolf, Abayan and Grand Cru Select) and e-commerce (especially HAWESKO, Vinos and WirWinzer) segments. The shares in Hawesko Holding SE are listed on the Hanseatic Stock Exchange, Hamburg, and in the Prime Standard segment of the Frankfurt Stock Exchange.

Publisher:

Hawesko Holding SE
Elbkaihaus
Grosse Elbstrasse 145 d
22767 Hamburg
Germany

Internet:

hawesko-holding.com Corporate information

hawesko.de  Extensive range for wine connoisseurs

jacques.de  Jacques’ locations and online offerings

weinco.at   Austria’s leading specialist wine dealer

vinos.de   The best wines from Spain

wirwinzer.de  German wines directly from the producers

tesdorpf.de  Traditional fine wine trader

weinart.de   Rarities and top wines from around the world

the-wine-company.se Excellent wines for Sweden

enzo.de   Italian wines and lifestyles

globalwine.ch  Premium portfolio for highest quality demands

weinwolf.de  International wine variety

volume-spirits.de  Exquisite spirits portfolio

abayan.de   Top wines from Italy

Press and Investor Relations contact:

Tel.  (+49) 40 3039 2100

Tel.  (+49) 40 3039 2105

E-mail: ir@hawesko-holding.com

Hawesko Holding SE: Change of management at Wein & Vinos

Hamburg, 05 January 2023. After six years at the helm of Wein & Vinos GmbH (Vinos), managing director Christopher Maaß is leaving the company by best mutual agreement on 30 June 2023.

During this time, Maaß has significantly advanced the development of the specialist retailer for Spanish wine into one of the leading e-commerce and multichannel companies. In a dynamic market, he has thus laid the foundation for the continuation of Vinos’ profitable growth course.

“We would like to express our sincere thanks to Christopher Maaß for his excellent leadership over the past years, during which he has shaped a competent and capable team with which we will now shape the future of Wein & Vinos,” says Alexander Borwitzky, member of the Board of Management of Hawesko Holding SE. “We wish Mr Maaß all the very best for his professional and private future.”

A decision on a successor for Christopher Maaß will be made in the next few months. Until then, Wein & Vinos will be represented by Moritz Kottenhagen, commercial director, and the authorised signatories Alexander Wendt (purchasing) and Matthias Rinklak (logistics).

#          #          #

As a leading trading group for high-quality wines, champagnes and spirits, the Hawesko Group achieved sales of € 681 million and EBIT of € 53 million in 2021. The Hawesko Group employs around 1,200 people across the Retail (Jacques’ and Wein & Co.), B2B (especially Wein Wolf, Abayan and Grand Cru Select) and e-commerce (especially HAWESKO, Vinos and WirWinzer) segments. The shares in Hawesko Holding SE are listed on the Hanseatic Stock Exchange, Hamburg, and in the Prime Standard segment of the Frankfurt Stock Exchange.

Publisher:

Hawesko Holding SE
Elbkaihaus
Grosse Elbstrasse 145 d
22767 Hamburg
Germany

Internet:

hawesko-holding.com        Corporate information

hawesko.de                         Extensive range for wine connoisseurs

jacques.de                           Jacques’ locations and online offerings

weinco.at                             Austria’s leading specialist wine dealer

vinos.de                               The best wines from Spain

wirwinzer.de                        German wines directly from the producers

tesdorpf.de                          Traditional fine wine trader

weinart.de                            Rarities and top wines from around the world

the-wine-company.se          Excellent wines for Sweden

enzo.de                                Italian wines and lifestyles

globalwine.ch                      Premium portfolio for highest quality demands

weinwolf.de                         International wine variety

volume-spirits.de                Exquisite spirits portfolio

abayan.de                           Top wines from Italy

Press and Investor Relations contact:

Tel.  (+49) 40 3039 2100

Tel.  (+49) 40 3039 2105

E-mail: ir@hawesko-holding.com

Hamburg, 14 November 2022. The conversion of the wine trading group Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) into the legal form of a European Company (SE) has been completed. With the entry of the conversion in the Commercial Register, the company, which is listed in the Prime Standard of the Frankfurt Stock Exchange, now trades under the name Hawesko Holding SE. The shareholders had already approved the conversion at the Annual General Meeting on 14 June 2022.

The Hawesko Group specialises in trading in high-quality wines from the upmarket and premium segments. As Europe’s largest, most innovative and most profitable wine merchant, the new legal form reflects the increasingly strong international orientation of the company.

The legal status of the shareholders of Hawesko Holding AG remains fundamentally unaffected by the SE conversion. They hold the same number of no-par-value shares in Hawesko Holding SE. Moreover, the stock exchange trading of the shares remains unaffected by the SE conversion, so that the shares of Hawesko Holding SE continue to bear the previous ISIN DE0006042708.

# # #

As a leading trading group for high-quality wines, champagnes and spirits, the Hawesko Group achieved sales of € 681 million and EBIT of € 53 million in 2021. The Hawesko Group employs around 1,200 people across the Retail (Jacques’ and Wein & Co.), B2B (especially Wein Wolf, Abayan and Grand Cru Select) and e-commerce (especially HAWESKO, Vinos and WirWinzer) segments. The shares in Hawesko Holding SE are listed on the Hanseatic Stock Exchange, Hamburg, and in the Prime Standard segment of the Frankfurt Stock Exchange.

Publisher:

Hawesko Holding SE
Elbkaihaus
Grosse Elbstrass 145 d
22767 Hamburg
Germany

Internet:

hawesko-holding.com Corporate information

hawesko.de  Extensive range for wine connoisseurs

jacques.de  Jacques’ locations and online offerings

weinco.at   Austria’s leading specialist wine dealer

vinos.de   The best wines from Spain

wirwinzer.de  German wines directly from the producers

tesdorpf.de  Traditional fine wine trader

weinart.de   Rarities and top wines from around the world

the-wine-company.se Excellent wines for Sweden

enzo.de   Italian wines and lifestyles

globalwine.ch  Premium portfolio for highest quality demands

weinwolf.de  International wine variety

volume-spirits.de  Exquisite spirits portfolio

abayan.de   Top wines from Italy

Press and Investor Relations contact:

Tel.  (+49) 40 3039 2100

Tel.  (+49) 40 3039 2105

E-mail: ir@hawesko-holding.com

Hamburg, 10 November 2022. The wine trading group Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) today published its Nine-Month Financial Report 2022 including the figures for the third quarter (1 July to 30 September).

In a difficult market environment and historically low consumer sentiment due to inflation, the Hawesko Group achieved sales of € 148.2 million in the third quarter of 2022 (+2 percent; previous year: € 145.4 million). The group operating result (EBIT) in the third quarter of 2022 was € 5.4 million (previous year: € 7.1 million). Significant, inflation-related price increases along the entire value chain as well as a post-pandemic normalisation of advertising efficiency continue to weigh on the result in the third quarter despite a slightly higher gross profit margin of 43.8 per cent (previous year: 43.7 per cent).

After sales in the retail business in the first half of 2022 were still 10.9 per cent behind home consumption, which was particularly strong in 2021 due to the lockdown situation, they stabilised noticeably in the third quarter of 2022 at € 100.4 million and, as expected, at the previous year’s level (previous year: € 101.1 million). The reason for the stabilisation is the increased number of customers in the past years as well as good new customer acquisition in 2022.

The B2B segment achieved a turnover of € 47.8 million in the third quarter of 2022 (+8.0 per cent; previous year: € 44.3 million). The revenue growth is mainly driven by the first-time consolidation of the recently acquired Czech Global Wines & Spirits s.r.o. Operationally, B2B was not quite able to match the previous year’s quarter with € 42.4 million. In Germany and Switzerland in particular, it was not possible to compensate for the restrained demand for premium wine in food retailing. The Austrian B2B business, on the other hand, benefited from increased gastronomy sales in the holiday regions with +13.0 per cent in the third quarter.

In the nine-month period (1 January to 30 September) the Hawesko Group’s consolidated sales of € 460.3 million came close to the previous year’s level (-2.1 percent; previous year: € 470.3 million). The group’s EBIT fell to € 22.5 million (previous year: € 38.2 million). The impact of the decline in pandemic effects compared to the previous year, which was characterised by a lockdown, was expected by the company. The inflation-driven cost increases seen so far were not foreseeable in this way and cannot be fully compensated for in the short term despite an increase in the margin.

For 2022 as a whole, the Board of Management of the Hawesko Group thus continues to anticipate a slight decline in sales of between minus one and minus six percent compared with the Corona year 2021. In terms of earnings, a reduced return is expected with an EBIT margin of between 6.0 and 7.0 percent. Inflation effects are likely to have an impact on the result at the lower end of the range.

# # #

As a leading trading group for high-quality wines, champagnes and spirits, the Hawesko Group achieved sales of € 681 million and EBIT of € 53 million in 2021. The Hawesko Group employs around 1,200 people across the Retail (Jacques’ and Wein & Co.), B2B (especially Wein Wolf, Abayan and Grand Cru Select) and e-commerce (especially HAWESKO, Vinos and WirWinzer) segments. The shares in Hawesko Holding AG are listed on the Hanseatic Stock Exchange, Hamburg, and in the Prime Standard segment of the Frankfurt Stock Exchange.

Publisher:

Hawesko Holding AG
Elbkaihaus
Grosse Elbstrass 145 d
22767 Hamburg
Germany

Internet:

hawesko-holding.com Corporate information

hawesko.de  Extensive range for wine connoisseurs

jacques.de  Jacques’ locations and online offerings

weinco.at   Austria’s leading specialist wine dealer

vinos.de   The best wines from Spain

wirwinzer.de  German wines directly from the producers

tesdorpf.de  Traditional fine wine trader

weinart.de   Rarities and top wines from around the world

the-wine-company.se Excellent wines for Sweden

enzo.de   Italian wines and lifestyles

globalwine.ch  Premium portfolio for highest quality demands

weinwolf.de  International wine variety

volume-spirits.de  Exquisite spirits portfolio

abayan.de   Top wines from Italy

Press and Investor Relations contact:

Tel.  (+49) 40 3039 2100

Tel.  (+49) 40 3039 2105

E-mail: ir@hawesko-holding.com

PRESS RELEASE

Hawesko Group stronger than market development

Hamburg, 10 August 2022. The wine trading group Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) today published its Half-Year Financial Report 2022, including the figures for the second quarter (1 April to 30 June). With revenues of € 312.0 million (previous year: € 324.9 million) and EBIT of € 17.1 million (previous year: € 31.1 million) for the half-year, the business, as expected, falls short of the previous year’s lockdown-induced exceptional performance. However, it is clearly above 2020 (turnover: € 277.6 million; EBIT: € 13.1 million) as well as the pre-Corona years and thus shows stability. The noticeable decline in sales in the end customer segments is partly compensated by strong demand in the B2B segment.

In April, food retail reported a decline in sales of 7.7 percent: Uncertain consumers are feeling the effects of rising prices due to inflation and the Ukraine crisis in their own wallets and are reacting with purchasing restraint. Thanks to its broad positioning across various market segments, the Hawesko Group’s sales thus developed better than the market in the first half of the year at -4.0 percent and in the second quarter at -2.3 percent.

In the second quarter of 2022, e-commerce felt the effects of the absence of the special pandemic most keenly compared with the previous year and lost 12.3 percent in sales. Retail also showed a normalisation of demand compared to the previous year, which was marked by restaurant closures, with a slight decline in sales of 4.1 percent. The B2B segment enjoyed a 17.7 percent increase in turnover thanks to revitalised catering and hotel business. Group EBIT in the second quarter amounted to € 7.8 million and was significantly lower than the previous year’s figure of € 15.5 million. The reasons for this are the changed turnover mix with a higher share of lower-margin B2B turnover, the return of costs that were omitted or significantly lower during the pandemic, and inflation effects.

In the half-year period (1 January to 30 June) consolidated sales of the Hawesko Group fell by 4.0 percent year on year to € 312.0 million, with group EBIT falling to € 17.1 million.

During the peak of the pandemic, costs for new customer acquisition, tastings, personnel costs, events and travel were not incurred or were significantly lower and are now back to pre-pandemic levels. This effect compared to the previous year will diminish in the second half of the year. However, the challenge of a macroeconomically induced purchasing restraint and inflation-related rising costs will tend to intensify. Previous crises have shown, however, that consumers do not give up wine consumption even in more difficult times. With the right alignment of its product range and targeted price adjustments coupled with attractive offerings, the Hawesko Group can continue to generate stable sales and profits.

For the full year 2022, the Board of Management of the Hawesko Group therefore continues to expect a slight decline in sales of between minus one and minus six percent compared with the Corona year 2021. In terms of earnings, a slightly reduced return with an EBIT margin of between 6.0 and 7.0 percent is anticipated due to the changed segment mix. Inflation effects make a result at the lower end of the range more likely.

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As a leading trading group for high-quality wines, champagnes and spirits, the Hawesko Group achieved sales of  € 681 million and EBIT of € 53 million in 2021. The Hawesko Group employs around 1,200 people across the Retail (Jacques’ and Wein & Co.), B2B (especially Wein Wolf, Abayan and Grand Cru Select) and e-commerce (especially HAWESKO, Vinos and WirWinzer) segments. The shares in Hawesko Holding AG are listed on the Hanseatic Stock Exchange, Hamburg, and in the Prime Standard segment of the Frankfurt Stock Exchange.

Publisher:

Hawesko Holding AG
Elbkaihaus
Grosse Elbstrass 145 d
22767 Hamburg
Germany

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vinos.de   The best wines from Spain

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the-wine-company.se Excellent wines for Sweden

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