Hawesko announces preliminary results

1/31/2014, 8:00 AM (Source: GlobeNewswire)

HAWESKO Holding AG / Hawesko announces preliminary results . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

- Sales in 2013 up by 4% to € 465 million
- EBIT within the expected range of € 22-24 million
  (previous year: € 25.6 million)
- Further growth expected for 2014

Hamburg, 31 January 2014.  The wine trading group Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) published its preliminary results today for the fiscal year just completed (1 January-31 December 2013). Consolidated sales (before taxes) rose by 4.3% to € 465.5 million (2012: € 446.4 million, restated to reflect a change in the consolidated group as per IFRS).  Once again all three sales channels contributed to growth: the wholesale segment grew by 5.9%, specialist retail (Jacques' Wein-Depot) by 3.7% (3.1% on a like-for-like basis), and mail order by 2.8%. Consolidated sales in Germany accounted for 88% (previous year: 90%) of total sales, rising by 2.3% in absolute terms over the previous year. Hawesko once again succeeded in increasing its share of the market.  

According to preliminary calculations, the consolidated operating result (EBIT) of the Hawesko Group is roughly € 22.5 million and thus within the expected range of € 22-24 million (previous year: € 25.6 million, restated to reflect a change in the consolidated group as per IFRS).  Adjusted for the influence of the subsidiary Château Classic, which is no longer to be included in the Hawesko Group, EBIT would have remained at the previous year's level. From today's perspective the financial result is expected to be at the level of € -0.6 million, but may deviate favourably as a result of yet outstanding final calculations for the consolidated accounts. Thus the Hawesko management board reckons with consolidated net income after deductions for taxes and non-controlling interests of at least € 12.5 million and € 1.40 per share (previous year:  € 22.5 million and € 2.51 per share). Adjusted for extraordinary influences, the consolidated net income would be slightly below the level of the previous year's. Hawesko's consolidated accounts will be audited in March 2014 and submitted to the supervisory board for review.

For 2014 the management board expects further growth in sales, despite the loss of sales of the subsidiary Château Classic and the change of vintage from 2010 to 2011 for the Bordeaux en primeur wines. A strong rise in EBIT compared to 2013 is anticipated. Alexander Margaritoff, CEO: "In the current fiscal year 2014 we are celebrating two company anniversaries: Jacques? is turning 40 and Hanseatisches Wein- und Sekt-Kontor 50. The Hawesko Group will continue to grow organically, and launch numerous innovative products."

Hawesko Holding AG is a leading supplier of premium wines and champagnes. In fiscal year 2012, the Group achieved sales of € 446 million and employed 847 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 and Wein & Vinos). 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.


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The complete 2013 annual report and accounts will be published on 15 May 2014.

Publisher: Hawesko Holding AG    
20247 Hamburg

Internet: 
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)
       
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
E-mail: ir@hawesko-holding.com




This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: HAWESKO Holding AG via Globenewswire

HUG#1758211

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HAWESKO Holding AG
Plan 5 Hamburg Germany

WKN: 604270;ISIN: DE0006042708;Index:GEX,CLASSIC All Share,SDAX,Prime All Share,CDAX;
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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