Hawesko Holding AG
- WKN: 604270
- ISIN: DE0006042708
- Land: Deutschland
Nachricht vom 06.08.2020 | 08:01
Hawesko Holding AG: Hawesko Group records a strong second quarter
DGAP-News: Hawesko Holding AG
/ Key word(s): Interim Report/Half Year Results
Hawesko Group records a strong second quarter
- Retail and E-commerce segments boost business performance in the second quarter:
sales +13%, EBIT +85%
- Modernisation and restructuring programme in the B2B segment
Hamburg, 6 August 2020. Today the wine-trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) published its financial report for the first six months of fiscal year 2020, including the figures for the second quarter (1 April to 30 June). "In the second quarter we were able to continue the positive development of the first quarter, despite the difficult conditions caused by the coronavirus pandemic. The consumer segments Retail and E-commerce more than compensated for the sales slump in the B2B segment due to closures in the restaurant and hotel industry, so that group sales rose overall by 13% - with a significant increase of 85% in EBIT as well," said Thorsten Hermelink, CEO of the Hawesko Group in Hamburg.
In the second quarter of 2020, consolidated sales rose by 13% to €153.8 million (same quarter in the previous year: € 136.2 million). The E-commerce segment achieved sales of € 62.0 million, corresponding to an increase of 43%. Sales in the Retail segment (Jacques' Wein-Depot and Wein & Co.) rose by 9.1% to € 52.8 million. Jacques' posted growth of 12%, while Wein & Co. posted a decline in sales due to the coronavirus-related branch closures in Austria in April. Sales in the B2B segment at € 39.0 million were below the figure for the previous year's quarter (€ 44.5 million), although sales for the month of June were again above the same quarter in the previous year.
The consolidated operating result (EBIT) amounted to € 9.2 million in the second quarter of 2020, corresponding to an increase of 85% over the previous year's quarter, despite the fact that non-recurring expenditures of more than two million euros were incurred in conjunction with modernisation and restructuring measures as well as the sale of a Swiss subsidiary. The Group's operative (EBIT) margin was 6.0% in the second quarter, compared to 3.7% in the same quarter of the previous year and 3.1% in the first quarter of 2020.
In the first half of the year (1 January to 30 June), consolidated sales increased over the previous year by 8.5% to € 277.6 million, while EBIT rose by 49% to € 13.1 million. Consolidated net income after deductions for taxes and non-controlling interests nearly doubled to € 8.0 million, and earnings per share amounted to € 0.89, after € 0.44 per share in the first six months of the previous year). At the half-year reference date, free cash flow reached a positive value of € 16.2 million, compared to €-10.3 million in the same period of the previous year.
For the Hawesko management board, the successes of the first half of the year have not changed the fact that an assessment of the further course of the Covid-19 pandemic and its impact remains difficult. Overall, a reliable forecast for fiscal year 2020 is not possible. However, the management board is optimistic that the performance in the consumer segments will continue in general, albeit perhaps not on the same scale as before, and hopes that the restaurant and hotel industry will recover as rapidly as possible. Should these scenarios turn out to be true, it can be assumed that group EBIT will not lag behind the level of the previous years.
The full six-month financial report to 30 June 2020 is available for download at www.hawesko-holding.com/en/investors.
The Hawesko Group is a leading purveyor of premium wines and champagnes. In fiscal year 2019, the Group employed 1,200 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.
Hawesko Holding AG
Internet: hawesko-holding.com (Company information)
Press and Investor Relations:
|Company:||Hawesko Holding AG|
|Große Elbstraße 145 d|
|Phone:||+49 40 30 39 2100|
|Fax:||+49 40 30 39 2105|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Tradegate Exchange|
|EQS News ID:||1111389|
|End of News||DGAP News Service|
Hawesko Group: AGM approves dividend payment o ...
Hawesko Holding AG: Hawesko Group records a st ...
Hawesko Holding AG: Preliminary announcement o ...
Hawesko Group: Strong sales development and si ...
Hawesko Holding AG: Strong sales development a ...
Solutiance: Hohe Wachstumsdynamik durch den Ausbau des Plattformgeschäfts erwartet
Im ersten Halbjahr 2020 konnte Solutiance den eingeschlagenen Wachstumskurs fortsetzen und im Rahmen dessen die Gesamtleistung (Umsatz zzgl. Bestandsveränderungen) um rund 75 % auf 0,66 Mio. € (1. HJ 2019: 0,38 Mio. €) erhöhen. Das Unternehmen erwartet für das Gesamtjahr durch den weiteren Ausbau der softwarebasierten Dienstleistungen einen Umsatzsprung im Vergleich zum Vorjahr auf rund 3 Mio. €. Bei einem von uns ermittelten Kursziel von 4,85 € vergeben wir das Rating KAUFEN.
Der AKTIONÄR News
26. September 20:10 Commerzbank mit Paukenschlag: Der neue Chef kommt von der Deutschen ...
26. September 13:30 Daimler, BMW und VW: China als Rettungsanker – das sagt Autoexperte ...
26. September 09:15 Amazon, Walt Disney und Co: So geht es weiter
26. September 09:07 Illumina überrascht, Exact explodiert – der nächste Megatrend wirft ...
26. September 08:51 Alibaba enthüllt: So will der Konzern Chinas industrielle Zukunft ...
Original-Research: amalphi AG (von Sphene Capital GmbH): Buy
25. September 2020