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Hawesko Holding AG: Hawesko Group continues growth trend in third quarter

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DGAP-News: Hawesko Holding AG / Key word(s): 9 Month figures/Quarterly / Interim Statement
11.11.2021 / 08:00
The issuer is solely responsible for the content of this announcement.

Hamburg, 11 November 2021. The wine trading group Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) today published its nine-month financial report 2021 including the figures for the third quarter (July 1 to September 30). Sales for the third quarter of 2021 show an increase of 6 percent to € 145.4 million (same period last year: € 137.7 million). EBIT in the same period amounts to € 7.1 million (prior-year period: € 8.5 million) and is thus 16 percent below the prior-year figure. The third quarter compares business developments in both 2020/2021, both of which were impacted by the pandemic. However, the pandemic event itself showed significant differences in the two years.

Our E-Commerce segment continued to experience strong demand and increased sales by 6 percent. The Retail segment recorded a slight decline of 1 percent in sales. Jacques' remained at the previous year's level and Wein & Co. was 5 percent below the prior-year period. B2B enjoyed 14 percent growth thanks to strong sales to food retailers. At € 7.1 million, Group EBIT in the third quarter was 16 percent down on the previous year's figure of € 8.5 million, driven partly by a deterioration in advertising efficiency and partly by non-recurring effects. Each segment achieved an increase in its gross margin in the third quarter, enabling us to report an overall gross margin of 43.7 percent (prior-year period: 42.0 percent).

In the nine-month period (January 1 to September 30), consolidated sales of the Hawesko Group rose year on year by 13 percent to € 470.3 million. Group EBIT rose by 77 percent to € 38.2 million. Consolidated net income for Hawesko shareholders almost doubled to € 23.9 million, while earnings per share amounted to € 2.62, compared with € 1.44 in the first half of the previous year.

The Chairman of the Board of Management of the Hawesko Group, Thorsten Hermelink, comments: "The development of the group is entirely in line with our expectations. It will be very difficult to surpass the Christmas business from last year with the special underlying conditions. However, we are excited every day about the continued very high demand for our products."
Against this backdrop, the Board of Management of the Hawesko Group continues to expect sales growth of around 2 to 5 percent for the group in the 2021 financial year. Following € 620 million in sales in 2020, sales are thus expected to range between € 632 and 651 million for 2021 as a whole. Group EBIT is expected to be between € 48 and 55 million (previous year: € 42.2 million), which corresponds to an increase of between 14 and 30 percent compared to the previous year.

# # #

As a leading trading group for high-quality wines, champagnes and spirits, the Hawesko Group achieved sales of € 620 million and EBIT of € 42 million in 2020. The Hawesko Group employs around 1,200 people across the Retail (Jacques' and Wein & Co.), B2B (especially Wein Wolf, Abayan and Grand Cru Select) and e-commerce (especially HAWESKO, Vinos and WirWinzer) segments. The shares in Hawesko Holding AG are listed on the Hanseatic Stock Exchange, Hamburg, and in the Prime Standard segment of the Frankfurt Stock Exchange.

Publisher:

Hawesko Holding AG
Elbkaihaus
Grosse Elbstrass 145 d
22767 Hamburg
Germany

Internet:

hawesko-holding.com Corporate information
hawesko.de Large product range for wine lovers
jacques.de Jacques' locations and online offer
weinco.at Austria's leading specialist wine dealer
vinos.de The best wines from Spain
wirwinzer.de German wines directly from the producers
tesdorpf.de Fine wine dealer with a rich tradition
weinart.de Rarities and top wines from around the world
the-wine-company.se The finest wines for Sweden

Press and Investor Relations contact:

Tel. (+49) 40 3039 2100
Tel. (+49) 40 3039 2105
E-mail: ir@hawesko-holding.com


11.11.2021 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:

1248119


 

End of News

DGAP News Service

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