Hawesko Group: Second-quarter sales up by 8.3% over previous year
- Consolidated sales rise to EUR 136.2 in the second quarter
- Retail and E-Commerce segments continue to grow
- Full-year forecast confirmed
Hamburg, 8 August 2019. Today the wine-trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) published its report on the second quarter and the first six months of fiscal year 2019. "Business development was good in the second quarter: our sales are up by 8.3% over the previous year. Organically, i.e. excluding our previous year's acquisition Wein & Co., our sales increased by 1.2%. We also made good progress with our medium-term projects - optimisation of the logistics structure, development of a group-wide digital commerce platform and data warehouse," said Thorsten Hermelink, chief executive officer of the Hawesko Group in Hamburg, adding, "Business performance in the first half of 2019 showed that we are on the right course. As the market leader, we are acting strategically and on the right path to transforming our business model for the long term."
In the second quarter of 2019, consolidated sales rose to EUR 136.2 million in the first quarter of 2019, thanks to the growth in the retail and e-commerce segments. This corresponds to an increase of 8.3% over the same quarter of the previous year (EUR 125.7 million). On a comparable basis, i.e. excluding the acquisition of Wein & Co., sales rose by 1.2% compared to the same quarter in the previous year. Sales in the Retail brand unit (Jacques' Wein-Depot and Wein & Co.) rose by 29.1% to EUR 48.4 million. Jacques' posted growth of 5.1%. The E-Commerce brand unit achieved sales of EUR 43.3 million, corresponding to an increase of 2.3%. In the B2B (wholesale) brand unit, sales at EUR 44.5 million were down by approximately 3.0% from the same quarter of the previous year. The consolidated operating result (EBIT) in the second quarter of 2019 amounted to EUR 4.7 million, after EUR 5.7 million in the previous year, due primarily to shifts in profit development within the current year vis-à-vis the previous year. Costs for the implementation of the restructuring concept at Wein & Co., for the relocation of the group's B2B warehouse to a more central location in Germany and for the severance payment of a management board member all played a role, adding up to approximately EUR 1.9 million. These effects have put pressure on the results of the quarter under review, but will have a positive impact on the cost side in the coming quarters.
For 2019, the management board continues to expect an increase in sales, including Wein & Co., of approximately 7-9% compared to 2018. The EBIT margin is expected to be in the range between 5.0-5.7% in 2019 (previous year: 5.3%).
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The Hawesko Group is a leading supplier of premium wines and champagnes. In fiscal year 2018, the Group achieved consolidated sales of EUR 524 million and employed 1,000 persons in the company's three sales channels: retail (Jacques' Wein-Depot), B2B (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and e-commerce (particularly HAWESKO and Vinos). 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 half-year report to 30 June 2019 is available for download at www.hawesko-holding.com/en/press/interim-reports-2019/.
Hawesko Holding AG
Grosse Elbstrasse 145d
Internet: hawesko-holding.com (Company information)
hawesko.de (Online shop)
jacques.de (Jacques' Wein-Depot information and online shop)
vinos.de (Spanish wines sold through Vinos)
weinco.at (Online shop of Wein & Co.)
wirwinzer.de (German wines directly from the producers)
Press and Investor Relations contact:
Thomas Hutchinson Phone: +49 (0)40 30 39 21 00
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