Hawesko gains further market share in the first quarter

5/9/2007, 11:10 AM (Source: GlobeNewswire)
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- Quarterly sales + 6%
- Intensified acquisition of new customers

Hamburg, 9 May 2007. At its annual press conference in Hamburg, the
wine trading group Hawesko Holding AG (HAW DE, HAWG.DE, DE0006042708)
presented its annual report for 2006 with the complete financial
statements as well as its three-month report for 2007 for the period
January to March. The Group increased its sales in the first three
months of the current fiscal year by 6.2% to Euro 73.3 million (same
quarter in the previous year: Euro 69.0 million). According to data
provided by the Gesellschaft für Konsumforschung (GfK), the wine
market in Germany declined by 2.3% in the same period due to
consumers making purchases prior to 1 January 2007 to avoid the
increase in VAT. In the first quarter of 2007, the operating result
(EBIT) was Euro 2.0 million (previous year: Euro 3.0 million) and the
consolidated earnings after deductions for taxes and minority
interests amounted to Euro 0.9 million (previous year: Euro 1.9
million). The decrease in profit compared to the previous year was
due to the cost of measures taken to increase acquisition of new
customers as well as the non-recurrence of capitalised costs from the
previous year. Earnings per share amounted to Euro 0.11 compared with
Euro 0.22 in the same quarter of the year before.

With regard to the prospects for the remainder of fiscal year 2007,
the Hawesko management board expects slight market growth (approx. 1
%) and a single-digit percentage increase in sales. The operating
result (EBIT) is expected be at the level of the previous year: this
forecast includes the costs from continuing the test of multiwein
specialty stores as well as from the intensified acquisition of new
customers. The management board expects an increase in EBIT for 2008.
Free cash flow for 2007 is expected to exceed Euro 10 million.

CEO Alexander Margaritoff: "Hawesko will use its strength and
resources to drive profitable growth in the coming years. In 2007 we
are training the vines, so to speak, so that in 2008 the harvest will
be even greater."

The annual report presented for 2006 confirms the key figures already
announced for the past fiscal year: Group sales increased by 5.4% to
Euro 302.6 million while the market for wine as a whole grew by 3% in
2006, the first increase in the market since 2003. Thus Hawesko has
once again increased its market share. The operating result (EBIT)
was at the level of the previous year (Euro 18.6 million after Euro
18.9 million in the previous year), although it was weighed down by
some special factors: start-up costs for the new specialist retail
concept multiwein were booked at Euro 0.7 million; the changeover of
the IT system in mail order resulted in additional costs and hindered
sales efforts at times, since advertising mailings were deliberately
curtailed during this phase. Consolidated earnings after deductions
for taxes and minority interests increased to Euro 10.8 million
(previous year: Euro 10.7 million); earnings per share in 2006 were
Euro 1.23 (previous year: Euro 1.22). The return on capital employed
(ROCE) for 2006 amounted to 18% (previous year: also 18%) and free
cash flow Euro 5.6 million (previous year: Euro 17.1 million.) An
increase in the ordinary dividend to Euro 0.85 (previous year:
Euro 0.70) will be proposed to the annual general meeting on 18 June

Hawesko Holding AG is the leading supplier of premium wines and
champagnes. In fiscal year 2006 the Group achieved sales of Euro 303
million through their three sales channels - specialist wine retail
(Jacques' Wein-Depot), wholesale (Wein Wolf and CWD Champagner und
Wein Distributionsgesellschaft) and mail order (in particular
Hanseatisches Wein- und Sekt-Kontor). The Group employs 551 people.
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.
# # #

The full annual report for 2006 as well as the three-month report for
2007 can be found at http://www.hawesko.com, "Investor Relations" -->
"Financial Data" --> "Financial Reports".
Published by:
Hawesko Holding AG
Postfach 20 15 52
20205 Hamburg, Germany

(company information)
(online shop)
(Information regarding Jacques' Wein-Depot)

Vera Maria Bau, VMB Consulting
Phone + 49 (0)228 4496 240
Fax +49 (0)228 4496 298
E-mail: vmb.pr@t-online.de

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.com

--- End of Message ---

Postfach 201552 Hamburg

WKN: 604270; ISIN:
DE0006042708; Index: CDAX, Prime All Share, SDAX, CLASSIC All Share,
Listed: Amtlicher Markt in Frankfurter Wertpapierbörse, Prime
Standard in Frankfurter Wertpapierbörse,
Freiverkehr in Börse Berlin Bremen, Freiverkehr in Bayerische Börse
Freiverkehr in Börse Düsseldorf, Freiverkehr in Börse Stuttgart,
Amtlicher Markt in Hanseatische Wertpapierbörse zu Hamburg,
Freiverkehr in Niedersächsische Börse zu Hannover;
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