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.

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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.


Hawesko Holding AG
Grosse Elbstrasse 145d
22767 Hamburg

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.
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