Hawesko will pay dividend of € 1.20 per share

Final accounts for 2008 confirm preliminary figures

The wine trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) will declare a dividend for fiscal year 2008 of € 1.20 per share, thus exceeding the previous year’s dividend of € 1.00. At its meeting yesterday, the supervisory board of the company approved the corresponding dividend proposal of the management board on which the annual general meeting will vote on 15 June 2009. The proposed increase in the dividend corresponds to a rise of 20 %: A total of € 10.6 million will be paid out to the shareholders (previous year: € 8.7 million).

Beyond this, the supervisory board reviewed, discussed and ratified the annual and consolidated financial statements for fiscal 2008; the annual financial statements were thus approved. As previously announced, Group sales in 2008 (1 January to 31 December) were up by 1.5 % to € 338.8 million (previous year: € 333.7 million). In the final group accounts the operating result (EBIT) is even higher than originally reported based on preliminary figures, rising to € 25.5 million (previous year:  € 18.3 million). Consolidated earnings after deductions for taxes and minority interests amount to € 14.6 million (previous year: € 6.7 million). This corresponds to earnings per share of € 1.67 (previous year: € 0.76). The Group balance sheet total amounts to € 170.1 million (previous year: € 176.6 million). Free cash flow (cash flow from ongoing business activities minus investments and interest paid out) registers an increase in 2008 to € 17.5 million (previous year: € 13.6 million).

The results of fiscal year 2008 as well as the course of business in the first three months of the current 2009 fiscal year will be presented in detail at the annual balance sheet press conference of Hawesko Holding AG on 29 April 2009.

Quelle: EQS