Hawesko grows by 14% in the second quarter

7/27/2007, 8:00 AM (Source: GlobeNewswire)
Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- --------------
- All segments contribute to sales growth
- Wholesale and mail order show particularly strong growth
- Fiscal year targets for 2007 reaffirmed

Hamburg, 27 July 2007. Today the wine trading group Hawesko Holding
AG (HAW GR, HAWG.DE, DE0006042708) released its interim report for
the first six months of fiscal year 2007 as well as the figures for
the second quarter. During the quarterly period from 1 April to 30
June 2007 the Group increased its net sales compared to the same
quarter of the previous year (€ 63.9 million) by 14% to
€ 73.1 million (not including value-added tax, VAT). All segments
contributed to this increase in sales. In particular, the wholesale
and mail order segments each showed solid growth of 21% compared to
the same period of the previous year; mail order benefited especially
from sales to new customers. In the quarter under review, the
consolidated operating result (EBIT) totalled € 1.5 million (previous
year: € 1.9 million) and was affected primarily by the realisation of
planned measures to acquire new customers. Consolidated earnings
(after taxes and minority interests) were € 0.6 million (same quarter
in the previous year: € 0.9 million).

In the first six months of the current fiscal year (1 January to 30
June 2007), the Group posted sales of € 146.3 million, an increase of
10% compared to first six months of the previous year
(€ 132.9 million). In the same period, the market for wine as a whole
in Germany grew by 1.2% (in gross terms, including the increase in
VAT from the beginning of the year), according to a survey of the
Gesellschaft für Konsumforschung, GfK. Particularly noteworthy here
is the clear improvement in the second quarter, after the wine market
suffered a decline of 2.3% in the first three months of the year
directly following the increase of VAT in Germany. The Hawesko Group
once again performed better than the wine market overall and gained
market share. The operating result of the Hawesko Group in the first
six months was € 3.4 million (first six months of the previous year:
€ 4.9 million). Consolidated earnings after taxes and minority
interests amounted to € 1.5 million (€ 2.8 million).

In the view of the Hawesko management board, the operational targets
for fiscal year 2007 as a whole remain valid: an increase in sales
(previous year sales: € 303 million) and an EBIT at the previous
year's level (€ 18.6 million). In the management board's estimation,
economic and business conditions remain good, and these have given a
noticeable boost to efforts aimed at the acquisition of new

CEO Alexander Margaritoff stated: "With the current push, we are
improving our potential for organic sales and earnings growth, and
are looking forward to the advancements on the German wine market
with great confidence. Current trends are clearly in our favour,
especially the renewed consumer interest in real quality and in the
things that make life enjoyable. Thus our position in the market is
excellent and we will resolutely make use of these trends."

Hawesko Holding AG is the leading supplier of premium wines and
champagnes. Its sales channels include specialist wine retail
(Jacques' Wein-Depot), wholesale (Wein Wolf and CWD Champagner- und
Wein-Distributionsgesellschaft) and mail order (particularly
Hanseatisches Wein- und Sekt-Kontor). The Group employed an average
of 551 staff members during the past fiscal year. The shares of
Hawesko Holding AG are listed on the Hanseatic Stock Exchange in
Hamburg as well as in the GEX of the Frankfurt Stock Exchange.

# # #

The complete six-months report for 2007 can be found at
http://www.hawesko.com, "Investor Relations" --> "Financial Infos"
--> "Financial Reports".

Published by:
Hawesko Holding AG
Postfach 20 15 52
20205 Hamburg, Germany

(company information)
(online shop)
(Information 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;
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.