Hawesko posts a strong increase in third-quarter profit as well

10/31/2008, 8:00 AM (Source: GlobeNewswire)
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* Quarterly sales at the previous year's level, result from
operations (EBIT) up 72%
* Sales for the nine months increased by 4.8%, EBIT more than doubled
* Targets for 2008 reaffirmed




Hamburg, 31 October 2008. The wine trading group Hawesko Holding AG
(HAW GR, HAWG.DE, DE0006042708) published its report on the first
nine months of fiscal year 2008 as well as the figures for the
third quarter today. In the reporting period from 1 July to 30
September 2008 the Group maintained sales at ¤ 70.1 million before
turnover tax at the level of the previous year (¤ 70.7 million).
During this period, sales in the specialist retail segment Jacques'
Wein-Depot rose by 4% (on a like-for-like basis: by 2%). The
wholesale segment achieved the same sales figures as in the
comparable quarter in the previous year, while the mail order
segment posted a decline in sales of 9%. The latter is due to the
optimisation of the mailing-advertisement sequence during the
summer. The consolidated operating result (EBIT) increased to more
than ¤ 2.8 million (previous year: a strong ¤ 1.6 million) in the
quarter under review. The improvement in the quarterly result was
due to the good earnings situation in the specialist retail segment
and a turnaround of the mail order EBIT to positive figures. Due to
the acquisition of minority interests, there was a non-recurring
expenditure in the financial result; the overall financial result
amounted to ¤ -1.9 million (previous year: ¤ -0.7 million).
Consolidated earnings (after deductions for taxes and minority
interests) amounted to ¤ 0.5 million (same quarter in the previous
year: ¤ -2.5 million, including a non-recurring tax expenditure).

In the first nine months (January to September) of 2008, sales of
the Hawesko Group rose by 5% to ¤ 227.5 million (same period in the
previous year: ¤ 217.1 million). According to expert estimates, the
overall wine market grew only slightly during the same period.
Consequently, the Hawesko Group once again outperformed the market
and increased its market share. The operating result of Hawesko
Holding AG amounted to ¤ 12.0 million in the first nine months of
2008 (same period in the previous year: ¤ 5.1 million).
Consolidated earnings after deductions for taxes and minority
interests amounted to ¤ 6.1 million (same quarter in the previous
year: ¤ -1.0 million, including a non-recurring tax expenditure).

The Hawesko management board confirmed the operational targets for
the full fiscal year 2008: an increase in sales in the medium
single-digit range and a significant double-digit rise in EBIT
(2007: sales ¤ 334 million, EBIT ¤ 18.3 million). This is based on
the assumption of moderate to normal pre-Christmas sales at the end
of the year.

Chief executive officer Alexander Margaritoff stated, "The Hawesko
Group has achieved outstanding results for the first nine months as
well as for the most recent quarter. Furthermore, we have
registered more active customers at the end of September than ever
before. Going into the all-important fourth quarter, our EBIT is
nearly ¤ 7 million higher than last year. We therefore remain
confident that we will achieve our objective of a significant
double-digit increase in the full-year EBIT. "

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 609 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 2008 is available at
http://www.hawesko.com Investor Relations --> English --> Financial
Info --> Financial Reports.

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

Internet:
http://www.hawesko.com (Company profile)
http://www.hawesko.com (Online shop)
http://www.jacques.de (Locations of and information about Jacques'
Wein-Depot)

Press/Media:
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 ---

HAWESKO Holding AG
Postfach 201552 Hamburg Germany

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