Hawesko Holding AG

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

Nachricht vom 07.11.2019 | 08:00

Hawesko Group: Growth trend continued in Q3

DGAP-News: Hawesko Holding AG / Key word(s): Quarter Results

07.11.2019 / 08:00
The issuer is solely responsible for the content of this announcement.


Hawesko Group: Growth trend continued in Q3
- Consolidated sales in the third quarter of 2019 rose by 9.5% to EUR 119 million
- End-consumer segments Retail and E-commerce still growing, B2B just short of previous year's Q3
- Positive one-off effects expected in Q4; full-year forecast for 2019 maintained

Hamburg, 7 November 2019 Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) today published its report on the third quarter and the first nine months of fiscal year 2019. "With an increase in sales of 9.5% over the previous year we are on course for growth in the third quarter as well. Moreover, with the relocation of the B2B warehouse to a logistically more advantageous site, we've successfully implemented an important component of our strategy. That required a good deal of effort, but it has laid the foundation for our future growth," said Thorsten Hermelink, chief executive officer of the Hawesko Group in Hamburg.

In the third quarter of 2019, consolidated sales rose to EUR 118.5 million thanks to the growth in the Retail and E-commerce segments (same quarter in the previous year: EUR 108.3 million). Sales in the Retail brand unit (Jacques' Wein-Depot and Wein & Co.) rose by 26.0% to EUR 44.4 million. Jacques' posted growth of 4.1%. The E-commerce brand unit achieved sales of EUR 36.4 million, corresponding to an increase of 3.8%. Due to delays in the start-up of the new logistics warehouse, B2B sales at EUR 37.7 million did not quite reach the previous year's quarterly figure (EUR 37.9 million). The consolidated result of operations (EBIT) amounted to EUR 0.5 million in the third quarter of 2019, slightly below the EBIT of EUR 0.8 million in the previous year, due primarily to non-recurring costs of EUR 1.8 million in conjunction with the relocation of the B2B warehouse.

The management board expects positive one-off effects in the fourth quarter which will compensate for the one-off charges totalling EUR 2.5 million incurred in the second and third quarters for the relocation. For the full year 2019, the management board continues to expect an increase in consolidated sales including Wein & Co. of between 7-9% compared to 2018, as well as an EBIT margin between 5.0-5.7% (previous year: 5.3%).

# # #

The Hawesko Group is a leading purveyor of premium wines and champagnes. In fiscal year 2018, the Group achieved consolidated sales of EUR 524 million and employed 1,000 persons in the company's three sales channels: Retail (Jacques' Wein-Depot), 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.

The full nine-month report to 30 September 2019 can be downloaded at
www.hawesko-holding.com/en/press/interim-reports-2019/.

Publisher:

Hawesko Holding AG
Elbkaihaus
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 Vinos)
weinco.at (Online shop of Wein & Co.)
wirwinzer.de (German wines directly from the producers)

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



07.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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