Hawesko grows by 14% in the second quarter
- 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 customers.
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.
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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
Internet: http://www.hawesko.com (company information) http://www.hawesko.de (online shop) http://www.jacques.de (Information Jacques' Wein-Depot)
Press/Media: Vera Maria Bau VMB Consulting Phone +49 (0)228 4496 240 Fax +49 (0)228 4496 298 E-mail: email@example.com
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: firstname.lastname@example.org
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HAWESKO Holding AG Postfach 201552 Hamburg
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 Bremen, 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;