Hawesko on the path to growth in the third quarter as well

10/31/2007, 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. ---------------------------------------------------------------------- -------------- - Sales +15%, operating result (EBIT) rose by Euro 0.7 million
- Strong growth in wholesale and mail order
- Targets for 2007 confirmed
- Sales +15%, operating result (EBIT) rose by Euro 0.7 million
- Strong growth in wholesale and mail order
- Targets for 2007 confirmed

Hamburg, 31 October 2007. The wine trading group Hawesko Holding AG
(HAW GR, HAWG.DE, DE0006042708) published its report on the first
nine months of fiscal year 2007 as well as the figures for the third
quarter today. In the period from 1 July to 30 September 2007, Group
sales increased compared to the same quarter of the previous year
(Euro 61.7 million) by 15% to Euro 70.7 million before sales taxes.
All segments contributed to the increase in sales. The wholesale
segment and the mail order segment, which benefited from new customer
business, posted especially strong growth of 21% and 23% respectively
compared to the same period in the previous year. The consolidated
operating result (EBIT) increased to over Euro 1.6 million (previous
year: nearly Euro 1.0 million) in the quarter under review. This is
due to the positive earnings situation in the wholesale segment,
especially in the business with the premium Bordeaux wines of the
subsidiary Château Classic, which is domiciled in Bordeaux. As a
consequence of the tax reform ratified by the Bundesrat in July, as
previously reported, the deferred tax assets have been written down
by Euro 3.0 million in the quarter under review. Thus consolidated
earnings (after deductions for taxes and minority interests) amounted
to Euro -2.5 million (same quarter of the previous year:
Euro 0.3 million).

According to a survey of the Gesellschaft für Konsumforschung (GfK),
during the period between January and September 2007, the overall
wine market in Germany grew by 1.6% compared to the same period of
the previous year, taking into account the rise in VAT. Particularly
noteworthy is the significant improvement in the second and third
quarters after the wine market suffered a decline of 2.3% in the
first three months of the year under the influence of the increase in
VAT. The Hawesko Group once again outperformed the overall wine
market and gained additional market share: In the first nine months
of the current fiscal year (1 January to 30 September 2007), the
Group posted sales of Euro 217.1 million, an increase of 12% over the
first nine months of the previous year (Euro 194.6 million). The
operating result of Hawesko Holding AG amounted to Euro 5.1 million
(same period of the previous year: Euro 5.9 million) in the first
nine months of 2007. Due to the impact of the aforementioned tax
reform, consolidated earnings after deductions for taxes and minority
interests amounted to Euro -1.0 million (same period of the previous
year: Euro 3.2 million).

The Hawesko management board confirmed the targets for operations for
the year 2007 overall: an increase in sales (previous year's sales
figure: Euro 303 million) and EBIT at the same level as last year
(Euro 18.6 million). The general economic and business conditions are
still considered good. They may also provide an added boost to the
measures taken to expand the customer base.

Chief executive officer Alexander Margaritoff stated: "During the
fiscal year so far, we've made good progress in the implementation of
our growth plans and are therefore optimistic about the all-important
fourth quarter, in which - like every year - the holiday gift sales
play a major role. The current trends are clearly in our favor,
particularly the consumers' resurgent desire for quality and
enjoyment as well as the end of the "cheap is cool" fad. We have long
relied on the premium qualities in our selection of wines and will
continue to do so in the future, benefiting from the shift in
customer preferences toward these qualities."

Hawesko Holding AG is a leading supplier of premium wines and
champagnes. Its sales channels include specialist wine retail
(Jacques' Wein-Depot), wholesale (Wein Wolf und CWD Champagner & 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 prime standard segment of the Frankfurt Stock Exchange.

# # #

The complete nine-month report for 2007 is available at
http://www.hawesko.com, Investor Relations --> Financial Info -->
Financial Reports

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

http://www.hawesko.com (Company profile)
http://www.hawesko.com (Online shop)
http://www.jacques.de (Information about 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, Freiverkehr in Bayerische Börse München,

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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