Hawesko Holding AG: New strategy for increased growth

4/21/2016, 10:15 AM (Source: GlobeNewswire)

HAWESKO Holding AG / Hawesko Holding AG: New strategy for increased growth . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Hawesko Holding: New strategy for increased growth

· Hawesko Holding focusses on its strong brands

· E-commerce to benefit from a stronger customer orientation

· Greater efficiency via powerful shared-service platforms

· New business models and acquisitions planned

Hamburg, 21 April 2016. Hawesko Holding AG wants to profit from the trends in digitalisation and increase its rate of growth in the future, as CEO Thorsten Hermelink announced at the company's annual press conference in Hamburg today. Its passion for wine cultivated over the decades will naturally be sustained, as it is part of the core identity of the company. Hermelink stated that the Group is in an extremely strong starting position, which is to be expanded and translated into continued profitable growth. In this respect it is important to recognise early the rapidly changing buyer behavior, particularly in the e-commerce segment, and to transform it vigorously into drivers of growth.

 

Customer orientation to be further intensified

The core of the new corporate strategy presented by Hermelink today is an even clearer and more rigorous focus on the customer. To facilitate this, the established and successful brands of the Hawesko Group will be systematically strengthened still further, and aligned even more closely to the requirements of contemporary omni-channel retailing.

Supported by the Group, brands like Hawesko.de, Jacques' Wein-Depot and Wein & Vinos in the end customer segment (B2C) as well as Wein Wolf, Ariane Abayan and CWD Champagner- und Wein-Distributionsgesellschaft in the corporate customer segment (B2B) will be able to develop and optimise their individual strengths even better than before. The structures required for this are currently being established, corporate functions merged in a targeted fashion and synergies created. The goal is to establish powerful platforms that efficiently support the existing brands and improve the company's ability to integrate new ones.

In Hamburg today, Hermelink said, "Up to now, the Hawesko Group has been very successful with the strong, close customer relationships of its subsidiaries. Naturally, we aren't going to change this customer orientation. On the contrary - we are going to intensify it still further! And with the sales volume of nearly half a billion euros that we've achieved in the meantime, we have the financial strength needed to grow profitably in the future. Our medium-term goal is to become Europe's largest, most innovative and most profitable premium wine trading company."

 

2016 - a year of re-orientation

For the Hawesko Group 2016 will be a year of transformation. Thus, the management board forecast consolidated sales at the level of the previous year in the 2015 annual report, which was also published today, as care is being taken to ensure the long-term profitability of sales. The stronger focus on a premium strategy in the wholesale segment led to changes in the supplier portfolio and thus to an adjustment in sales. The management board therefore expects that the result of operations (EBIT) will rise significantly to € 28-29 million (previous year: € 20.1 million; adjusted for non-recurring items: € 26.9 million). A dividend of € 1.30 per share, unchanged from the previous year, will be proposed to the annual shareholders' meeting on 13 June 2016. On an adjusted basis, the distribution ratio will decline from 75% to 67%.

 

Group sales in Germany rose by 2.0% in 2015

The 2015 annual report published today confirmed the previously announced figures: Consolidated sales rose in the past year by 0.8% to € 477 million. Sales in Germany rose by 2.0% compared to the same period of the previous year, while a decline of 1.0% was registered for the German wine market overall in 2015. The result from operations (EBIT) amounted to € 26.9 million on an adjusted basis, (previous year, adjusted: € 24.6 million). Consolidated net income after deductions for taxes and non-controlling interests amounted to € 12.2 million and € 1.36 per share in 2015 (previous year: € 14.8 million and € 1.65 per share).

Hawesko Holding AG is a leading supplier of premium wines and champagnes. In fiscal year 2015, the Group achieved sales of € 477 million and employed 933 persons in the company's sales channels (including Jacques' Wein-Depot, Hawesko.de, Wein & Vinos, Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft, among others). 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.

# # #

 

Publisher:

Hawesko Holding AG, Elbkaihaus, 22767 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/Media 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

HAW DE, HAWG.DE

ISIN: DE000604270




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#2005425

--- End of Message ---

HAWESKO Holding AG
Plan 5 Hamburg Germany

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


Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.