Hawesko posts record result for the first six months

7/31/2008, 7:59 AM (Source: GlobeNewswire)
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- EBIT reaches 9.2 million euros (+ 166%), net result 5.6 million
euros (+ 270%)
- Hawesko once again outperformed the market overall
- Ambitious year-end goals reaffirmed for 2008

Hamburg, 31 July 2008. The wine trading group Hawesko Holding AG (HAW
GR, HAWG.DE, DE0006042708) published its report for the first six
months of 2008 as well as its results for the second quarter today.
In the quarter from 1 April to 30 June 2008, Group sales increased by
5% compared to the same quarter of the previous year (73.1 million
euros) to 76.4 million euros net of sales tax. This was primarily the
result of business with private customers in the specialist retail
(Jacques' Wein-Depot) and mail order (Hanseatisches Wein- und
Sekt-Kontor) segments: sales at Jacques' Wein-Depot increased in the
second quarter by 8% and in the mail order segment by 11% compared to
the previous year. The consolidated operating result (EBIT), at
4.5 million euros the best second-quarter result in the history of
the company, was decisively influenced by an increase in the
profitability of the aforementioned segments. Consolidated earnings
(after deductions for taxes and minority interests) likewise rose
sharply to 2.8 million euros and 0.33 euros per share (same quarter
of the previous year: 0.6 million euros and 0.06 euros per share).

After the good first quarter (reported previously), the Hawesko Group
closed out the first six months of fiscal year 2008 from 1 January to
30 June with revenues of 157.4 million euros (same period in the
previous year: 146.3 million euros). This is an increase of 8%. In
contrast, the German wine market overall declined by 2.5% in the same
period, according to data published by GfK. Thus the Hawesko Group
once again succeeded in outperforming the market and gaining further
market share. The operating result of the Hawesko Group for the first
six months of 2008 amounted to 9.2 million euros (first six months of
the previous year: 3.4 million euros). The Group posted a further
record with its consolidated earnings after deductions for taxes and
minority interests of 5.6 million euros and 0.64 euros per share
(1.5 million euros and 0.17 euros per share).

The Hawesko management board noted that, in the first six months, the
Group has taken a large step toward achieving its ambitious
expectations for the full fiscal year 2008. The prospect of a
significant increase in profitability is also taking shape. The
management board therefore reaffirms its forecast of an increase in
sales in the mid-single-digit percentage range and an increase in the
operating result (EBIT) significantly in the double-digit percentage
range. This is based on the assumption of moderate to normal
pre-Christmas sales at the end of the year. The net result (after
deductions for taxes and minority interests) is expected to double
compared to 2007 (6.7 million euros and 0.76 euros per share),
according to Group calculations.

Chief executive officer Alexander Margaritoff stated, "Last year we
initiated measures that enabled us to streamline our operations, work
more efficiently and reap the benefits as well. As the results of the
first six months show, we are on the right course."

Hawesko Holding AG is a leading supplier of premium wines and
champagnes. In fiscal year 2007 the Group achieved sales of
334 million euros and an operating result (EBIT) of 18 million euros
through its 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). During the aforementioned
period the Group employed 609 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 complete six-month report for 2008 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

(Company profile)
(Online shop)
(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@veramariabau-pr.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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