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.

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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.


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

02.08.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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