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Hawesko Group posts double-digit sales growth in the 3rd quarter

·4-min read

DGAP-News: Hawesko Holding AG / Key word(s): Quarterly / Interim Statement/9 Month figures
05.11.2020 / 08:00
The issuer is solely responsible for the content of this announcement.

Hawesko Group posts double-digit sales growth in the 3rd quarter

 

- Quarterly sales up 16%, quarterly EBIT rose significantly

- Retail and E-commerce segments continue to drive business performance

- Management board makes expectations for full fiscal year 2020 concrete:
sales over € 600 million, EBIT approximately € 33 million
 

Hamburg, 5 November 2020. Today the wine-trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) published its quarterly statement to 30 September 2020 for the third quarter (1 July to 30 September) as well as for the nine-month period (from 1 January). "We are very pleased with the sales growth of 16% and the significant improvement of the operating result (EBIT) we achieved in the third quarter over the previous year. The increased 'at-home consumption' led to stronger demand in the Retail and E-commerce segments. Sales to restaurant and catering customers also developed well over the summer. For the holiday business in the fourth quarter, we anticipate an as-yet unpredictable decline in demand in the B2B segment due to increased restrictions in the restaurant and hotel industries, while we expect demand to remain high in the E-commerce and Retail segments. Our diversified market positioning as well as our investments in E-commerce have once again proven themselves as factors in our strength and stability in this situation," said Thorsten Hermelink, CEO of the Hawesko Group in Hamburg.

In the third quarter of 2020, consolidated sales rose by 16% to € 137.7 million (same quarter in the previous year: € 118.5 million). The E-commerce segment achieved sales of € 46.9 million, corresponding to an increase of 28%. Sales in the Retail segment (Jacques' Wein-Depot and Wein & Co.) rose by 15% to € 50.9 million. Jacques' posted growth of 13%, while Wein & Co. posted growth of 20%. The B2B segment achieved sales of € 40.0 million in the summer quarter (Q3), an increase of 6% over the same quarter of the previous year due to the easing of contact restrictions and the resumption of open-air restaurant and catering operations.

The consolidated result of operations (EBIT) amounted to € 8.5 million in the third quarter of 2020, a tenfold increase over the same quarter of the previous year. The Group's operating (EBIT) margin rose once again and was 6.2% in the third quarter (previous year's quarter: 0.6%) after 6.0% in the second and 3.2% in the first quarter of 2020.

In the nine-month period (1 January to 30 September), consolidated sales increased over the previous year by 11% to € 415.3 million, while EBIT more than doubled to € 21.6 million. Consolidated net income after deductions for taxes and non-controlling interests nearly tripled to € 13,0 million, and earnings per share amounted to € 1.44, (previous year: € 0.41). During the first nine months, free cash flow reached a positive value of € 22.5 million, compared to €-18.2 million in the same period of the previous year.

For the Hawesko management board, the successes in the first nine months do not change the fact that assessing future business development remains difficult due to the ongoing coronavirus pandemic. Nevertheless, the board is making the prospect of a significant increase in consolidated EBIT concrete, naming a forecast of approximately € 33 million (after € 29.1 million in the previous year). In terms of consolidated sales, the management board expects to break the € 600 million mark (previous year: € 556 million) with the continuing strong performance in the Retail segment and the sustained boom in the E-commerce segment.
# # #

The full quarterly statement to 30 September 2020 is available for download at
https://www.hawesko-holding.com/en/press/interim-reports-2020/.

The Hawesko Group is a leading supplier 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 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.

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)
wirwinzer.de (German wines directly from winegrowers)
weinco.at (Online shop)

Press and Investor Relations:

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


05.11.2020 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.
Archive at www.dgap.de

Language:

English

Company:

Hawesko Holding AG

Große Elbstraße 145 d

22767 Hamburg

Germany

Phone:

+49 40 30 39 2100

Fax:

+49 40 30 39 2105

E-mail:

ir@hawesko-holding.com

Internet:

www.hawesko-holding.com

ISIN:

DE0006042708

WKN:

604270

Listed:

Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Tradegate Exchange

EQS News ID:

1145655


 

End of News

DGAP News Service

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