Hawesko Holding AG: Hawesko Group impresses across all segments in second quarter

English News

DGAP-News: Hawesko Holding AG / Key word(s): Half Year Results
11.08.2021 / 08:00
The issuer is solely responsible for the content of this announcement.

  • Second quarter of 2021: All segments increase sales (+8 percent overall) and EBIT (+68 percent overall)
  • Forecast for full year 2021: +2-5 percent sales growth; EBIT € 48-55 million (+14-30 percent)

Hamburg, 11 August 2021. The wine trading group Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) today published its half-year financial report 2021, including the figures for the second quarter (1 April to 30 June). Sales for the second quarter of 2021 show an increase of 8 percent to € 166.3 million (previous year: € 153.8 million). EBIT in the same period amounted to € 15.5 million (previous year: € 9.2 million), thus achieving growth of 68 percent. For the first time since the start of the pandemic, business performance in the second quarter of 2021 is compared with the previous year, including pandemic-related influences.

E-commerce continued to experience strong demand in the second quarter of 2021, increasing sales by 10 percent. The Retail segment generated an 8 percent increase in sales despite the absence of tastings and events. The B2B segment enjoyed 6 percent growth thanks to strong sales to food retailers. Across all segments, the Hawesko Group improved its second-quarter result compared with the prior-year period: both in absolute terms and as a proportion of sales. Double-digit growth rates were recorded in the B2C segments: in e-commerce EBIT grew by 45 percent, and in retail by 18 percent. The B2B segment impressed with a strong EBIT margin of 5.7 percent.

In the half-year period (January 1 to June 30), consolidated sales of the Hawesko Group rose by 17 percent year on year to € 324.9 million. Group EBIT rose by 138 percent to € 31.1 million. Consolidated net income attributable to Hawesko shareholders more than doubled to € 19.3 million, while earnings per share amounted to € 2.15, compared with € 0.89 in the first half of the previous year.

The current behavior of consumers following the easing of measures to combat the COVID 19 pandemic gives the Board of Management of the Hawesko Group cause for optimism. Based on current knowledge, the rising level of vaccination should mitigate the impact of a fourth wave this fall. The Chairman of the Hawesko Group’s Board of Management, Thorsten Hermelink, comments, “In view of the successful first half, we are confident that growth in the end-customer segments will level off, but that overall sales levels will remain at a much higher level than before the pandemic. In addition, we expect the food service industry to recover in the second half of the year, albeit still at a subdued level. Initial trends in the summer months of June and July, with lower growth or sales at the level of the previous year, show that people are now much more mobile again in the summer as a result of the relaxation measures and vaccinations than they were in the previous months or even in the previous year. This will certainly also reduce consumption at home to a certain extent. In this respect, we are proceeding cautiously with our forecast for the second half of 2021 and, if the restrictions remain in place and vaccination rates increase, are calculating with a further recovery in the catering business, but at the same time no longer with further sales growth in the end customer segments.”

Against this backdrop, the Board of Management of the Hawesko Group expects overall revenue growth of around 2 to 5 percent for the group in the 2021 financial year. Following € 620 million in sales in 2020, sales are thus expected to range between € 633 and 651 million for 2021 as a whole. Group EBIT is expected to be between € 48 and 55 million (previous year: € 42.2 million), which corresponds to an increase of between 14 and 30 percent compared to the previous year.

# # #

As a leading trading group for high-quality wines, champagnes and spirits, the Hawesko Group achieved sales of € 620 million and EBIT of € 42 million in 2020. 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 Large product range for wine lovers
jacques.de Jacques’ locations and online offer
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 Fine wine dealer with a rich tradition
weinart.de Rarities and top wines from around the world
the-wine-company.se The finest wines for Sweden

Press and Investor Relations contact:

Tel. (+49) 40 3039 2100
Tel. (+49) 40 3039 2105
E-mail: ir@hawesko-holding.com

11.08.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Quelle: EQS


Hawesko Holding AG: Annual General Meeting approves payment of a dividend of € 2.00 per share

English News

DGAP-News: Hawesko Holding AG / Key word(s): Dividend/AGM/EGM
15.06.2021 / 14:15
The issuer is solely responsible for the content of this announcement.

PRESS RELEASE

Hawesko Group: Annual General Meeting approves payment of a dividend of € 2.00 per share
 

– Hawesko Group to pay dividend for 23rd consecutive year

– Significant EBIT increase expected in Q2 2021

Hamburg, June 15, 2021. The Annual General Meeting of the wine trading group Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) today approved the payment of a dividend of € 2.00 per share (€ 1.60 regular plus € 0.40 special dividend) for the 2020 financial year, payable from June 18, 2021. The company’s shareholders will thus receive a dividend payment that, including the special dividend, is 14% higher than the level of the previous year. This corresponds to a dividend yield of around 4% based on a share price of € 52 on June 14, 2021. With this distribution, Hawesko Holding AG 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 virtual Shareholders’ Meeting, and the regulations were fulfilled. At the same time, the Group provided an insight into the current business development: the Group’s operating result (EBIT) in the second quarter (April 1 to June 30) 2021 is developing significantly better than in the previous year and, according to preliminary estimates for the individual quarter, is between € 13.4 million and € 15.4 million (same period of the previous year: € 9.2 million). This means that earnings for the first half of 2021 will amount to between € 29 million and € 31 million (prior-year period: € 13.1 million) and are thus expected to more than double compared with the previous year.

The course of the rest of the fiscal year is very much dependent on the duration and design of the measures to combat the COVID 19 pandemic, but also on consumer reaction following its easing. The last few months of this year have shown that the development is clearly different from what was expected. It is not yet possible to predict the extent to which the trends of recent months will change as a result of the easing measures taking place and vaccination levels rising. Against this background, it is still not possible at present to make a serious forecast of business development for the remainder of the fiscal year. “We are confident, however, that we will be able to make a clearer statement on the annual forecast in the half-yearly report,” comments the Chairman of the Board of Management of the Hawesko Group, Thorsten Hermelink.

A detailed analysis and the interim financial statements will be published on August 11, 2021 in the half-year report as of June 30, 2021.

# # #

As a leading trading group for high-quality wines, champagnes and spirits, the Hawesko Group achieved sales of € 620 million and EBIT of € 42 million in 2020. 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 Large product range for wine lovers
jacques.de Jacques’ locations and online offer
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 Fine wine dealer with a rich tradition
weinart.de Rarities and top wines from around the world
the-wine-company.se The finest wines for Sweden

Press and Investor Relations contact:

Tel. (+49) 40 3039 2100
Tel. (+49) 40 3039 2105
E-mail: ir@hawesko-holding.com

15.06.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Quelle: EQS


Hawesko Holding AG: Hawesko Group continues on successful course in 1st quarter 2021

English News

DGAP-News: Hawesko Holding AG / Key word(s): Interim Report/Quarter Results
12.05.2021 / 08:00
The issuer is solely responsible for the content of this announcement.

  • 28 percent increase in sales to € 158.6 million and 84 percent online growth
  • EBIT quadrupled to € 15.6 million
  • Earnings increased in all segments

Hamburg, 12 May 2021. The wine trading group Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) today published its quarterly statement for the period ending March 31, 2021. Sales show an increase of 28 percent to € 159 million (prior-year period: € 123.8 million). EBIT in the same period amounted to € 16 million (same period last year: € 4 million), thus quadrupling. The comparable period last year was hardly affected by Corona.

In the first quarter, the E-Commerce segment achieved a year-on-year increase in revenue of a good 65 percent, while the Retail segment grew by 22 percent. The B2B segment was below the previous year’s level with a revenue development of -7 percent due to a lack of revenue in the catering and hotel sectors, although the German B2B subsidiaries were slightly up on the previous year. Overall, the operating result developed very positively: In the E-Commerce segment, EBIT almost quadrupled to € 9.7 million (previous year: € 2.5 million). In the Retail segment, earnings more than doubled to € 6.4 million (previous year: € 2.5 million). Despite ongoing closures in the food service and hotel sectors, the B2B segment generated a result of € 1.1 million (previous year: € -99 thousand).

The Chairman of the Board of Management of the Hawesko Group, Thorsten Hermelink, comments: “Even in the Corona crisis, our formats such as HAWESKO, Jacques’, Vinos and Wein & Co. are proving strong. We want to further expand the market position of the Hawesko Group as Europe’s largest, most innovative and most profitable wine trading group in the premium segment. In doing so, we can rely not only on our innovative strength but also on our high level of wine expertise and decades of experience in the wine market.”

The course of the rest of the financial year is very much dependent on the duration and form of the measures to combat the COVID 19 pandemic, but also on consumer reaction following its easing. Against this backdrop, it is not currently possible to make a reliable forecast of business performance for the remainder of the financial year.

# # #

As a leading trading group for high-quality wines, champagnes and spirits, the Hawesko Group achieved sales of € 620 million and EBIT of € 42 million in 2020. 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 Large product range for wine lovers
jacques.de Jacques’ locations and online offer
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 Fine wine dealer with a rich tradition
weinart.de Rarities and top wines from around the world
the-wine-company.se The finest wines for Sweden

Press and Investor Relations contact:

Tel. (+49) 40 3039 2100
Tel. (+49) 40 3039 2105
E-mail: ir@hawesko-holding.com

12.05.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Quelle: EQS


Hawesko Holding AG: Hawesko Group with strong result for 2020

English News

DGAP-News: Hawesko Holding AG / Key word(s): Annual Report/Annual Results
22.04.2021 / 10:00
The issuer is solely responsible for the content of this announcement.

  • Pandemic changes wine market: permanent boost for wine sales via e-commerce expected
  • 12 percent rise in sales to € 620.3 million and 50 percent online growth in financial year 2020
  • EBIT for 2020 rises 45 percent to € 42.2 million
  • Increased dividend of € 2.00 per share proposed

Hamburg, 22 April 2021. The Board of Management of Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) expressed its satisfaction with the 2020 financial year at today’s Annual Press Conference. The Hawesko Group’s diversified position comprising the Retail, e-commerce and B2B segments afforded it protection in the extraordinary financial year of 2020 and enabled it to continue to operate reliably despite shifts between the sales channels.
The Hawesko Group’s Chief Executive Officer Thorsten Hermelink commented: “We are convinced the digital transformation of the premium wine market will continue at speed even after the pandemic. The e-commerce share of the wine trade in structural terms jumped to a higher level last year, giving it a springboard for further progress after the pandemic, certainly in the medium term.”

Sales revenues were increased by around 28 percent in the first quarter of 2021, to approximately € 159 million. EBIT almost quadrupled and exceeded € 15 million over the same period. However the prior-year period was barely affected by the coronavirus. For all the optimism surrounding e-commerce, it can be assumed that a portion of wine consumption will go “out of house” again after the pandemic. The further course of the current financial year will depend very much on the duration and nature of the measures taken to combat the COVID-19 pandemic, but also on how consumers respond after restrictions have eased. Bearing this in mind, it is currently not possible to issue a meaningful forecast for business development for the remainder of the financial year.

In the 2020 financial year, consolidated earnings were increased by 11.6 percent to € 620.3 million and the consolidated operating result (EBIT) grew by 44.6 percent to € 42.2 million. e-commerce served as the main driver of this leap in growth, but the Retail formats were also major contributing factors in this success. The Retail segment reported a 12.0 percent rise in sales to € 227.7 million. The operating result (EBIT) for the segment climbed from € 18.0 million in the previous year to € 24.3 million in the year under review. In the e-commerce segment, sales were boosted by 29.0 percent to € 230.4 million. EBIT for the segment came to € 22.4 million (previous year: € 11.6 million, including income of € 4.0 million from the sale of a property). The B2B segment was the most severely affected by coronavirus-related restrictions in 2020. Sales for the segment of € 162.1 million were consequently down 6.8 percent on the previous year. EBIT for the segment came to € 3.1 million (previous year: € 6.0 million). Costs for the holding company reached € 7.7 million (previous year: € 6.5 million).

The consolidated net income and the profit due to non-controlling interests amounted to € 23.8 million (previous year: € 15.8 million). This corresponds to € 2.65 per share (previous year: € 1.76). The consolidated balance sheet total was € 427.7 million (previous year: € 394.9 million), with the equity ratio consequently falling to 27.4 percent (previous year: 28.1 percent). Capital expenditure on property plant and equipment and intangible assets totalled € 5.7 million (previous year: € 7.7 million). The free cash flow was € 71.6 million (previous year: € 31.6 million).

The Hawesko Group is in rude health and well equipped to face the current challenges. The plan is to propose to the Annual General Meeting that the basic dividend be increased from € 1.30 to € 1.60 per share, with a special dividend of € 0.40 in recognition of the exceptional financial year.

# # #

As a leading trading group for high-quality wines, champagnes and spirits, the Hawesko Group achieved sales of € 620 million and EBIT of € 42 million in 2020. 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 (online shop)
jacques.de (Jacques’ Wein-Depot locations and online shop)
vinos.de (Spanish wines)
wirwinzer.de (German wines directly from the producer)
weinco.at (online shop)

Press and Investor Relations contact:

Tel. (+49) 40 3039 2100
Tel. (+49) 40 3039 2105
E-mail: ir@hawesko-holding.com

22.04.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Quelle: EQS


Hawesko Holding AG: Hawesko Group starts 2021 with enormously good quarterly result

English News

DGAP-News: Hawesko Holding AG / Key word(s): Preliminary Results/Quarter Results
15.04.2021 / 07:59
The issuer is solely responsible for the content of this announcement.

  • 1st quarter 2021: Sales +28 percent, EBIT over € 15 million
  • Strong growth of sales and earnings continues

Hamburg, 15 April 2021. The wine-trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) announced today that the operating result (EBIT) of the group in the first quarter (1 January to 31 March) of 2021 will amount to more than € 15 million, almost quadrupling the figure for the previous year (same period last year: € 3.9 million). Sales revenues in the same period grew by approximately 28 percent to around € 159 million (previous year: € 123.8 million).
The course of the rest of the financial year is very much dependent on the duration and form of the measures to combat the COVID 19 pandemic, but also on consumer reaction following its easing. Against this background, it is currently not possible to make a reliable forecast of business performance for the remainder of the fiscal year.

Thorsten Hermelink, CEO of the Hawesko Group, comments, “We are extremely pleased that we were able to seamlessly build on the strong business performance of 2020 in the e-commerce and retail segments in the first quarter of 2021. Our diversified business model and our retail and e-commerce expertise allow us to successfully navigate through the risks and opportunities of the pandemic in this particular environment.”

A detailed analysis as well as the quarterly statement to 31 March 2021 will be published on 12 May 2021.

# # #

The Hawesko Group is a leading purveyor of premium wines and champagnes. In fiscal year 2019, the Group employed 1,200 persons in the company’s three sales channels: retail (Jacques’ Wein-Depot), B2B (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and e-commerce (particularly HAWESKO and Vinos). The shares of Hawesko Holding AG are listed on the Hanseatic Stock Exchange in Hamburg as well as in the Prime Standard segment of the Frankfurt Stock Exchange.

Publisher:

Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145 d
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)
wirwinzer.de (German wines directly from the producers)
weinco.at (Online shop)

Press and Investor Relations contact:

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

15.04.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Quelle: EQS


Hawesko Holding AG: Significant earnings increase in the first quarter of 2021

Hawesko Holding AG / Key word(s): Preliminary Results/Quarter Results
Hawesko Holding AG: Significant earnings increase in the first quarter of 2021

15-Apr-2021 / 07:53 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, 15 April 2021. The wine-trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) announced today that the operating result (EBIT) of the group in the first quarter (1 January to 31 March) of 2021 will amount to more than € 15 million, almost quadrupling the figure for the previous year (same period last year: € 3.9 million). Sales revenues in the same period grew by approximately 28 percent to around € 159 million (previous year: € 123.8 million).
The course of the rest of the financial year is very much dependent on the duration and form of the measures to combat the COVID 19 pandemic, but also on consumer reaction following its easing. Against this background, it is currently not possible to make a reliable forecast of business performance for the remainder of the fiscal year.

A detailed analysis as well as the quarterly statement to 31 March 2021 will be published on 12 May 2021.

# # #

Publisher:

Hawesko Holding AG
Elbkaihaus
Große Elbstrasse 145d
22767 Hamburg
Germany

Press and Investor Relations contact:

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

15-Apr-2021 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: Hawesko Group with record result

English News

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

Hawesko Group with record result

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

– Online boom and strong Christmas business boost operating result

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

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

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

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

# # #

The Hawesko Group is a leading supplier of premium wines and champagnes. In fiscal year 2019, the Group employed 1,200 persons in the company’s three sales channels: Retail (Jacques’ Wein-Depot), B2B and E-commerce (particularly HAWESKO and Vinos). The shares of Hawesko Holding AG are listed on the Hanseatic Stock Exchange in Hamburg as well as in the Prime Standard segment of the Frankfurt Stock Exchange.

Publisher:

Hawesko Holding AG
Elbkaihaus
Große Elbstraße 145d
22767 Hamburg

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

Press and Investor Relations Contact:

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

04.02.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Quelle: EQS


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

English News

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

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

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

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

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

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

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

# # #

The Hawesko Group is a leading supplier of premium wines and champagnes. In fiscal year 2019, the Group employed 1,200 persons in the company’s three sales channels: Retail (Jacques’ Wein-Depot), B2B and E-commerce (particularly HAWESKO and Vinos). The shares of Hawesko Holding AG are listed on the Hanseatic Stock Exchange in Hamburg as well as in the Prime Standard segment of the Frankfurt Stock Exchange.

Publisher:

Hawesko Holding AG
Elbkaihaus
Große Elbstraße 145d
22767 Hamburg

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

Press and Investor Relations Contact:

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

15.12.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Quelle: EQS


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

English News

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

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

– Quarterly sales up 16%, quarterly EBIT rose significantly

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

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

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

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

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

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

For the Hawesko management board, the successes in the first nine months do not change the fact that assessing future business development remains difficult due to the ongoing coronavirus pandemic. Nevertheless, the board is making the prospect of a significant increase in consolidated EBIT concrete, naming a forecast of approximately € 33 million (after € 29.1 million in the previous year). In terms of consolidated sales, the management board expects to break the € 600 million mark (previous year: € 556 million) with the continuing strong performance in the Retail segment and the sustained boom in the E-commerce segment.
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The full quarterly statement to 30 September 2020 is available for download at
https://www.hawesko-holding.com/en/press/interim-reports-2020/.

The Hawesko Group is a leading supplier of premium wines and champagnes. In fiscal year 2019, the Group employed 1,200 persons in the company’s three sales channels: Retail (Jacques’ Wein-Depot), B2B and E-commerce (particularly HAWESKO and Vinos). The shares of Hawesko Holding AG are listed on the Hanseatic Stock Exchange in Hamburg as well as in the Prime Standard segment of the Frankfurt Stock Exchange.

Publisher:

Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg

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

Press and Investor Relations:

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

05.11.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Quelle: EQS


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

English News

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

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

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

– Strong growth of sales and earnings continues in Q3

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

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

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

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

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The Hawesko Group is a leading purveyor of premium wines and champagnes. In fiscal year 2019, the Group employed 1,200 persons in the company’s three sales channels: retail (Jacques’ Wein-Depot), B2B (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and e-commerce (particularly HAWESKO and Vinos). The shares of Hawesko Holding AG are listed on the Hanseatic Stock Exchange in Hamburg as well as in the Prime Standard segment of the Frankfurt Stock Exchange.

Publisher:

Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg

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

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

20.10.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Quelle: EQS


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