DGAP-News: Hawesko Group grows in sales and earnings
Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708), the wine-trading group specialised in premium products, achieved consolidated sales of 555 million (excluding VAT) in fiscal year 2019, based on preliminary figures.
DGAP-News: Hawesko Holding AG / Key word(s): Development of Sales Hawesko Group grows in sales and earnings 04.02.2020 / 08:00 The issuer is solely responsible for the content of this announcement. Hawesko Group grows in sales and earnings - Consolidated sales in 2019 rose by 5.9% to € 555 million - Positive development in the Retail and E-commerce segments - Relocation of the wholesale warehouse put pressure on B2B segment Hamburg, 4 February 2020. Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708), the wine-trading group specialised in premium products, achieved consolidated sales of € 555 million (excluding VAT) in fiscal year 2019, based on preliminary figures. This corresponds to sales growth of 5.9% over the previous year. Adjusted for acquisitions, sales growth was 1.3%. The Hawesko management board expects that the consolidated EBIT increased to approximately € 29 million (previous year: € 27.7 million). The sales growth resulted from positive overall performance in the E-commerce and Retail segments. In 2019, the E-commerce segment grew by 5.1%, while Jacquesʼ grew by 3.6%. The Retail segment benefited additionally from the acquisition of Wein & Co. and achieved sales growth of 17.4%. Both segments likewise posted positive development of EBIT. The B2B segment posted a decline in sales of 4.1%. Slight declines in export and wholesale sales as well as the long-planned and strategically important warehouse relocation put pressure on both sales and the operating result. The negative earnings effect was compensated by the sale of the old warehouse property which was no longer needed. Thorsten Hermelink, Chief Executive Officer of Hawesko Holding AG, commented, 'Our E-commerce and Retail segments performed very well in 2019 in an intensely competitive environment and gained market share with their growth. The warehouse relocation in the B2B segment to a logistically more advantageous site with significantly more capacity cost us in terms of effort, sales and earnings. However, we have now laid the foundation for future growth in the B2B segment. We look forward to fiscal year 2020 with optimism.' # # # Publisher: Hawesko Holding AG Internet: hawesko-holding.com (Company information) Press and Investor Relations contact:
04.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | [email protected] |
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: | 966947 |
End of News | DGAP News Service |
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966947 04.02.2020