HAWESKO Holding AG : Hawesko reports preliminary figures
HAWESKO Holding AG / Hawesko reports preliminary figures . Processed and
transmitted by Thomson Reuters ONE. The issuer is solely responsible for the
content of this announcement.
- Sales in 2012 up by 9% to €449million
- EBIT expected at approx. € 25.9 million (prev. year € 26.7 million)
- 2013: Continuing growth
Hamburg, 24 January 2013. The wine trading group Hawesko Holding AG (HAW,
HAWG.DE, DE0006042708) published its preliminary results for the fiscal year
just completed (1 January-31 December 2012) today. Consolidated sales (before
taxes) rose by 9.0% to €448.6million (2011: €411.4million). The mail
order segment grew by a particularly strong 34.4% - due primarily to the
initial consolidation of the Spanish wine specialists Wein&Vinos. The
specialist retail segment (Jacques'Wein-Depot) also increased sales by 3.8%
(2.4% on a like-for-like basis). As expected, the wholesale segment posted a
decline in sales for the year (-2.6%) due to the stagnant demand for premium
Bordeaux wines in the Far East and the resulting impact on the Bordeaux-based
subsidiary Château Classic.
Consolidated sales in Germany accounted for 89% (previous year: 86%) of total
sales, increasing by 12.9% in absolute terms over the previous year. In
contrast, the wine market in Germany grew in terms of value by only 1.2% in
2012, according to information of the German Wine Institute (DWI). Thus
Hawesko once again increased its share of the market.
According to preliminary calculations, the consolidated operating result
(EBIT) of the Hawesko Group is in the range of € 25.9 million (previous year:
€ 26.7 million). The financial result is expected to be income of € 2.4
million (previous year: expenditure of € 0.5 million), resulting primarily
from the revaluation of a financial liability in accordance with IAS 39. This
procedure will also influence the tax rate: instead of the previously expected
level of 31%, a rate of 27% is now anticipated. Consequently, consolidated
earnings after deductions for taxes and non-controlling interests are
currently expected to be in the range of €20.3million and approximately
€2.26 per share. This is above the level of the corresponding period in the
previous year (€17.9million and €1.99 per share). Hawesko's consolidated
financial statements will be audited in March 2013 and submitted to the
supervisory board for review.
Previously, the Hawesko management board had anticipated an increase in sales
of approximately 10% and a consolidated EBIT on the order of €28.5 million.
The lower figures were due to an atypical course of the holiday season: the
extremely late placement of orders in the mail order segment meant that sales
were only partially realized. At the same time, the efforts to catch up in
time for the holidays involved additional expenses.
For 2013, the management board anticipates further increases in sales and EBIT
compared to 2012. Alexander Margaritoff, CEO: "In the current fiscal year 2013
we will continue working on the new concepts for our online business in the
mail order segment and advancing the integration of our on-and offline
business in the specialist retail segment. In the wholesale segment we are
expanding our foreign operations with a recently completed complementary
acquisition in western Switzerland. These and other initiatives will enable us
to consistently pursue the continuation of profitable and sustainable growth."
Hawesko Holding AG is a leading supplier of premium wines and champagnes. In
fiscal year 2011, the Group achieved sales of € 411 million and employed 750
persons in the company's three sales channels: specialty retail (Jacques'
Wein-Depot), wholesale operations (Wein Wolf and CWD Champagner- und
Wein-Distributionsgesellschaft) and mail order (especially Hanseatisches Wein-
and Sekt-Kontor). The shares of Hawesko Holding AG are listed on the Hanseatic
Stock Exchange in Hamburg as well as in the SDAX small-cap index of the
Frankfurt Stock Exchange.
The complete 2012 annual report and accounts will be published on 7 May 2013.
Publisher:Hawesko Holding AG
http://www.hawesko-holding.com (Company information)
http://www.hawesko.de (Online shop)
http://www.jacques.de (Jacques' Wein-Depot information and online shop)
http://www.vinos.de (Spanish wines sold through Wein & Vinos)
http://www.chateauclassic.com (Online shop with outstanding Bordeaux wines of
Press Contact and Investor Relations:
Thomas Hutchinson, Hawesko Holding AG
Phone: +49 (0)40 30 39 21 00
Fax +49 (0)40 30 39 21 05
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: HAWESKO Holding AG via Thomson Reuters ONE
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HAWESKO Holding AG
Plan 5 Hamburg Germany
WKN: 604270;ISIN: DE0006042708;Index:GEX,CLASSIC All Share,SDAX,Prime All
Listed: Freiverkehr in Börse Stuttgart,
Freiverkehr in Börse Berlin,
Freiverkehr in Börse Düsseldorf,
Freiverkehr in Bayerische Börse München,
Freiverkehr in Niedersächsische Börse zu Hannover,
Prime Standard in Frankfurter Wertpapierbörse,
Regulierter Markt in Frankfurter Wertpapierbörse,
Regulierter Markt in Hanseatische Wertpapierbörse zu Hamburg;
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