Hawesko Holding AG: Fiscal year 2016 brings record EBIT

English News

– Preliminary figures confirmed (sales: EUR 481 million)

– All signs point to growth in 2017

Hamburg, 20 April 2017. At today’s annual press conference in Hamburg, Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) stated that it is on the right course after implementing its new strategy. One and a half years after Thorsten Hermelink took over as chief executive officer, the new management team is now complete with the appointment of the new chief financial officer Raimund Hackenberger. During this period, Hawesko’s transformation from a very decentralised structure to an integrated group was begun. In Hamburg today Hermelink elaborated, saying, “We have sustainably strengthened the structures of Hawesko Holding and developed it into a holding company with clout that actively manages its brand portfolio. Thanks to the focus on more profitable sales and the improvement of the EBIT margin to 6%, we now have sufficient leeway for external as well as organic growth. We have already added the first components of the new Group architecture with the latest acquisitions. More is to come!”

The management board is satisfied with the figures for 2016 published today; the audited consolidated financial statements confirm the preliminary figures reported in January. Despite some challenges, sales rose from EUR 477 million to EUR 481 million. At EUR 29.1 million (adjusted for positive special effects), EBIT set a record in the company’s history. The balance sheet shows a net liquidity position; the Hawesko Group is debt-free. Free-cash-flow generation before investments in acquisitions covered both the investments in further growth as well as the planned dividend distribution of EUR 1.30 per share.

All signs point to growth in the Hawesko Group. For 2017, the management board expects an increase in sales of 5% over 2016 that will be achieved both by the existing companies as well as with the newest acquisitions WirWinzer and WeinArt. With regard to the result from operations (EBIT), a proportional rise to just over EUR 30 million is expected, while investments will be made in the accelerated expansion at Jacques’ Wein-Depot and in the digital transformation of the traditional mail-order companies (particularly Hawesko.de).

With a combination of organic and external growth, the Hawesko Group wants to grow by an average 5% yearly. The achievement of an EBIT margin of 7% is targeted step by step in the next three years. The new group structure has created good conditions for this: with its portfolio approach the Hawesko Group has developed an effective set of instruments with which the existing retail brands in the Group can be improved and strategic gaps closed with the company’s own innovative concepts or with acquisitions. Hermelink added, “The pace of innovation in the wine business, which has long been considered less than agile, is currently tremendous in the online sector. We have now created the conditions for the entire Hawesko Group and equipped it not only to keep up with this speed, but to set the pace as well. Moreover, we have a unique portfolio of retail brands that enables us to benefit from the transformation in the wine business in numerous ways!”

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Hawesko Holding AG is a leading supplier of premium wines and champagnes. In fiscal year 2016, the Group achieved sales of EUR 481 million and employed 940 persons in the company’s three sales channels: specialty retail (Jacques’ Wein-Depot), wholesale operations/distribution (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and distance selling (especially Hawesko.de and Vinos.de). 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
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

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