Hawesko Holding AG: Hawesko proposes dividend of EUR 1.30 per share

English News

08.04.2019 / 07:24
The issuer is solely responsible for the content of this announcement.

Hawesko proposes dividend of EUR 1.30 per share

Hamburg, 8 April 2019. The management board and supervisory board of Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) will propose a dividend payout of EUR 1.30 per share for fiscal year 2018, as in the previous year, to the annual general meeting of shareholders on 17 June 2019. With this step, shareholders continue to participate in the business success of their company at a high level of continuity – including this 21st year after Hawesko’s initial listing on the stock exchange in 1998. At the current share price of approximately EUR 35, the proposed payout corresponds to a dividend yield of 3.7%.

“In 2018 we increased consolidated sales overall by 3.4%, despite the difficult second half of the year,” commented CEO Thorsten Hermelink in Hamburg Friday evening. “Even excluding the acquisition of the Austrian market leader Wein & Co., we achieved modest growth, so that the Group has clearly asserted its market position. Moreover, the strong increase in free cash flow despite the lower consolidated EBIT underscores our earnings power.”

At its meeting on 5 April 2019, the supervisory board approved the annual financial statements for fiscal year 2018 and ratified the consolidated financial statements. In addition, the supervisory board agreed to the corresponding dividend proposed by the management board.

The final consolidated financial statements for 2018 show sales of EUR 524.3 million (+3.4 %; previous year: EUR 507.0 million). The result from operations (EBIT) amounts to EUR 28.1 million, excluding non-recurring charges of EUR 0.4 million due to the acquisition of Wein & Co. (previous year: EUR 30.4 million). Due to a positive financial result, consolidated net income after taxes and non-controlling interests rose to EUR 22.0 million (previous year: EUR 18.5 million). The consolidated balance sheet total comes to EUR 289.0 million (2017: EUR 259.7 million). Excluding the acquisition, free cash flow at EUR 20.2 million made a strong recovery (previous year, comparable, excluding acquisitions: EUR 6.2 million).

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The complete 2018 annual report and accounts will be presented at the annual press conference on 25 April 2019.

Hawesko Holding AG is a leading purveyor of premium wines and champagnes. In fiscal year 2018, the Group employed approximately 1,000 persons in the company’s three brand units: retail (Jacques’ Wein-Depot and Wein & Co.), B2B (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and e-commerce (particularly HAWESKO and Vinos). The shares of Hawesko Holding AG are listed on the Hanseatic Stock Exchange in Hamburg as well as in the prime standard segment of the Frankfurt Stock Exchange.


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)
weinco.at (Online shop)

Press and Investor Relations:

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

08.04.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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