Hawesko Holding AG

  • WKN: 604270
  • ISIN: DE0006042708
  • Land: Deutschland

Nachricht vom 22.10.2019 | 17:26

Hawesko Holding AG: Hawesko Group expects a 9-month EBIT below that of the previous year - full-year forecast for 2019 remains unchanged

Hawesko Holding AG / Key word(s): Preliminary Results/9 Month figures
Hawesko Holding AG: Hawesko Group expects a 9-month EBIT below that of the previous year - full-year forecast for 2019 remains unchanged

22-Oct-2019 / 17:26 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Hawesko Group expects a 9-month EBIT below that of the previous year - full-year forecast for 2019 remains unchanged

Hamburg, 22 October 2019 The wine trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) has announced that, based on preliminary calculations, it expects an operating result (EBIT) for the nine-month period to 30 September 2019 below the previous year's result of EUR 11.4 million. Including the initial consolidation of Wein & Co., the EBIT should be between EUR 7-8 million and on a comparable basis excluding Wein & Co. between EUR 9-10 million. Consolidated sales during the nine-month period rose by approximately 8% compared to the same period in the previous year (EUR 346.1 million), which is within the expected range of 7-9% for the full-year forecast.

While the EBIT in the third quarter (1 July to 30 September 2019) of the E-commerce, Retail and Miscellaneous segments was, as expected, more positive than that of the previous year's third quarter, the B2B segment incurred unplanned one-off charges as a result of relocating the Group's B2B warehouse from northern Germany to Worms.

The Hawesko management board expects that positive one-off effects will be realised in the fourth quarter within the framework of the change in the B2B group logistics. Thus, the board can maintain its forecast with regard to the EBIT (margin of 5.0%-5.7%), the consolidated net income and the free cash flow.

A detailed analysis and the complete interim accounts will be published on 7 November 2019 in the quarterly financial report to 30 September 2019.

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Information and Explanation of the Issuer to this News:

Publisher:

Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg

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


22-Oct-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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