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).

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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 adjusts forecast for 2018

English Ad-Hoc News

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

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

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

– Unexpected provision because of fraud case at subsidiary

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

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

# # #

Publisher:

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

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

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

Quelle: EQS


Hawesko Holding AG: 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


Hawesko Holding AG acquires Austrian market leader WEIN & CO

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

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

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

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

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

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

# # #

Published by:

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

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

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

Quelle: EQS


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

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

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

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

# # #

Publisher:

Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg

Germany

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

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

Quelle: EQS


Hawesko Holding comments on the AGM

English News

11.06.2018 / 17:00
The issuer is solely responsible for the content of this announcement.

– Dividend of EUR 1.30 per share to be paid

– Jörg Haas elected to the supervisory board

– Full-year forecast confirmed

Hamburg, 11 June 2018 The annual general meeting of the wine trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) approved the payment of a dividend of EUR 1.30, to be paid out as of 14 June 2018, so that the company’s shareholders will receive a dividend unchanged from last year. Hawesko Holding AG is continuing its long-standing tradition of paying a dividend to its shareholders every year since its listing on the stock exchange in 1998.

The formalities were also completed and Dr. Jörg Haas, who was appointed by Hamburg Municipal Court as the successor of Gunnar Heinemann in December 2017, was elected to the supervisory board.

Chief executive officer Thorsten Hermelink expressed optimism about the company’s ongoing development, saying “Our strategic decisions have borne fruit, and the Hawesko Group and its B2B and retail brands are well-positioned for the future. We are well-prepared for the expected consolidation in the market, and we intend to increase our profitability both with our future-oriented strategy and the intensified cooperation between our three segments.”

The company also confirmed its forecast for the current 2018 fiscal year: The Hawesko Group, said chief financial offer Raimund Hackenberger, is on track to reaching its full-year targets.

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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
Germany

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

11.06.2018 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: Solid foundation laid in the first quarter for the full year

English News

09.05.2018 / 08:00
The issuer is solely responsible for the content of this announcement.

– Quarterly sales up by 2% compared to the previous year

– Operating result (EBIT) developed proportionately to sales

– Full-year forecast confirmed

Hamburg, 9 May 2018. Today Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) published its report on the first quarter of fiscal year 2018. Thorsten Hermelink, CEO of the Hawesko Group, judged the business performance positively, saying, “My colleagues on the management board and I are satisfied with the first-quarter results. With the growth in sales and EBIT we have established a good base for reaching our targets for 2018. Our strategy of generating high growth throughout the Group via centralised platforms has been validated by its success. This process is not yet completed; it will remain a top priority and a focus of investment. We see in particular growth opportunities for the Group in the area of digital concepts. We are carefully monitoring the market in this area and looking specifically for suitable acquisition opportunities.”

In the first quarter of 2018 (1 January to 31 March), consolidated sales rose by 2.3% over the same quarter in the previous year to EUR 112.2 million (previous year: EUR 109.7 million). Sales in the omni-channel brand unit (Jacques’ Wein-Depot) rose 9.0 % from EUR 31.9 million in the same quarter of the previous year to EUR 34.8 million in the first quarter of 2018. In the B2B brand unit (wholesale), sales at EUR 40.2 million were slightly below the strong figure of EUR 40.7 million in the same quarter of the previous year. In the digital brand unit (distance selling), sales rose from EUR 37.0 million to EUR 37.2 million. The consolidated operating result (EBIT) amounted to EUR 5.0 million in the first quarter of 2018, once again a high figure in long-term comparison. The EBIT margin at 4.4% in the quarter under review remained at the level of the previous year.

The management board confirms its forecast, 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 to be in a range between EUR 32 million and EUR 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.

# # #

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
Germany

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

09.05.2018 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: Best EBIT ever in 2017

Allgemein

19.04.2018 / 11:00
The issuer is solely responsible for the content of this announcement.

– Sales rose by 5.4% to EUR 507 million, passing the half-billion mark for the first time

– All segments contributed to growth – online growth very strong

– At EUR 30.4 million, EBIT reached record levels for two consecutive years – profitability in the core business improved once again

Hamburg, 19 April 2018. The management board of Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) pronounced itself very satisfied with the growth in sales and earnings in fiscal year 2017 at today’s balance sheet press conference. Sales rose by 5.4% to EUR 507 million, slightly exceeding expectations and rising above the half-billion mark for the first time. The result from operations in the Hawesko Group was also pleasing: for the second year in a row, the company achieved the best result in its history with an EBIT of EUR 30.4 million (+4.6% compared to the adjusted figure for the previous year). The consolidated EBIT margin remained practically unchanged at 6%. In the core business, this figure even increased to 6.4% (previous year: 6.1%). WirWinzer.de and Enzo.de, which are currently under development and still in the start-up phase, made a negative contribution to the result. Overall, the result from operations was in line with expectations. The balance sheet revealed a good equity ratio of 40.3%, while net indebtedness amounted to EUR 11.0 million (previous year: EUR -0.5 million). As in the previous year, payment of a dividend of EUR 1.30 per share is planned.

Chief Executive Officer Thorsten Hermelink commented on the highlights, saying, “The Hawesko Group grew significantly in 2017, while the overall market shrank by 5%, so that we continued to expand our market leadership. Moreover, we once again accelerated our organic growth compared to the previous years, enhancing this growth still further with acquisitions. Most importantly, all three segments (specialist retail, distance selling and wholesale/distribution) contributed to this growth. Across all segments, the higher number of customers and online sales were once again the primary growth drivers in the Hawesko Group. Online sales rose by 15% over the previous year to just under EUR 100 million.

The wholesale/distribution segment achieved the strongest growth in the Hawesko Group, with sales rising by 7.2% to EUR 184.2 million. The specialist retail segment (Jacques’ Wein-Depot) grew by 4.1% to EUR152.3 million, while sales in the distance selling segment (particularly Hawesko.de and Vinos.de) rose by 4.8% to EUR 170.5 million. The trend in the individual segment results was also positive. In the specialist retail segment (Jacques’ Wein-Depot), EBIT rose by 15.3% to EUR 9.0 million. EBIT in the distance selling segment rose by 8.9% to EUR 10.2 million. Particularly in recent years, the increased investment in digital resources and the repeated rise in online sales to 55% bore fruit in the year under review. Despite high preliminary costs in the wake of accelerated expansion as well as higher investment in the upgrading of IT systems, EBIT was maintained at the previous year’s level at EUR 16.4 million.

The Hawesko Group remains on course for continued growth: For 2018, the management board anticipates an organic increase in sales of approximately 3% compared to 2017. Consolidated EBIT is expected to be around EUR 32-33 million in 2018, corresponding to an EBIT margin of approximately 6.2%, with continuing investment in growth-related activities.

Thorsten Hermelink expressed his opinion that the Hawesko Group is well-equipped for the future, commenting, “Two and a half years ago, we decided on and implemented a strategic reorganization of the Hawesko Group, which despite its focus on digitalization did not lose sight of the customers or of the fact that we are retailers. After our success in 2016 and 2017, we believe that this strategy of centralized platforms and decentralized execution has proven itself extraordinarily well and that we are on the right course. Enthusiastic customers are our top priority – even in the digital age.”

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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.

The complete 2017 annual report and accounts will be presented at the annual press conference on 19 April 2018.

Publisher:

Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg
Germany

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

19.04.2018 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: 20 years of dividends at the Hawesko Group

English News

06.04.2018 / 16:57
The issuer is solely responsible for the content of this announcement.

– The group has paid a dividend every year since its IPO in 1998

– Management board and supervisory board propose a dividend of EUR 1.30 per share

– Preliminary result for 2017 confirmed

Hamburg, 6 April 2018. The wine trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) expects to pay a dividend of EUR 1.30 per share for fiscal year 2017, as in the previous year. At its meeting today, the supervisory board agreed to the corresponding dividend proposal of the management board. Thus, the company will pay a dividend for the twentieth consecutive year since its listing on the stock exchange in 1998.

“In addition to organic growth, we achieved higher growth in 2017 due to acquisitions compared to the previous years. Moreover, we further improved our efficiency and profitability in our core business, so that we are able to finance additional growth initiatives from our own resources,” said CEO Thorsten Hermelink in Hamburg today. “Our shareholders will be especially pleased that we have again created the basis for adequate participation in the company’s success in the twentieth consecutive year after our IPO, and will pay a dividend at the previous year’s level.”

The consolidated accounts for 2017 show sales of EUR 507.0 million (+5.4 %; previous year: EUR 480.9 million). The result from operations (EBIT) amounted to EUR 30.4 million. (previous year, unadjusted for special effects: EUR 29.6 million). Consolidated net income after taxes and non-controlling interests amounted to EUR 18.5 million (previous year: likewise EUR 18.5 million; both figures unadjusted for special effects). The consolidated balance sheet total amounted to EUR 259.7 million (2016: EUR 231.3 million). Furthermore, the supervisory board reviewed, discussed and ratified the annual and consolidated financial statements for fiscal year 2017 (1 January to 31 December); they are thus approved.

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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.

The complete 2017 annual report and accounts will be presented at the annual press conference on 19 April 2018.

Publisher:

Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg
Germany

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

06.04.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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