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MarketScreener Homepage  >  Equities  >  Xetra  >  Hawesko Holding AG    HAW   DE0006042708

HAWESKO HOLDING AG

(HAW)
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Hawesko Holding AG: Hawesko proposes dividend of EUR 1.30 per share

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04/08/2019 | 01:30am EST

DGAP-News: Hawesko Holding AG / Key word(s): Dividend
Hawesko Holding AG: Hawesko proposes dividend of EUR 1.30 per share

08.04.2019 / 07:24
The issuer is solely responsible for the content of this announcement.


Hawesko proposes dividend of EUR 1.30 per share

Hamburg, 8 April 2019. The management board and supervisory board of Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) will propose a dividend payout of EUR 1.30 per share for fiscal year 2018, as in the previous year, to the annual general meeting of shareholders on 17 June 2019. With this step, shareholders continue to participate in the business success of their company at a high level of continuity - including this 21st year after Hawesko's initial listing on the stock exchange in 1998. At the current share price of approximately EUR 35, the proposed payout corresponds to a dividend yield of 3.7%.

"In 2018 we increased consolidated sales overall by 3.4%, despite the difficult second half of the year," commented CEO Thorsten Hermelink in Hamburg Friday evening. "Even excluding the acquisition of the Austrian market leader Wein & Co., we achieved modest growth, so that the Group has clearly asserted its market position. Moreover, the strong increase in free cash flow despite the lower consolidated EBIT underscores our earnings power."

At its meeting on 5 April 2019, the supervisory board approved the annual financial statements for fiscal year 2018 and ratified the consolidated financial statements. In addition, the supervisory board agreed to the corresponding dividend proposed by the management board.

The final consolidated financial statements for 2018 show sales of EUR 524.3 million (+3.4 %; previous year: EUR 507.0 million). The result from operations (EBIT) amounts to EUR 28.1 million, excluding non-recurring charges of EUR 0.4 million due to the acquisition of Wein & Co. (previous year: EUR 30.4 million). Due to a positive financial result, consolidated net income after taxes and non-controlling interests rose to EUR 22.0 million (previous year: EUR 18.5 million). The consolidated balance sheet total comes to EUR 289.0 million (2017: EUR 259.7 million). Excluding the acquisition, free cash flow at EUR 20.2 million made a strong recovery (previous year, comparable, excluding acquisitions: EUR 6.2 million).

# # #

The complete 2018 annual report and accounts will be presented at the annual press conference on 25 April 2019.

Hawesko Holding AG is a leading purveyor of premium wines and champagnes. In fiscal year 2018, the Group employed approximately 1,000 persons in the company's three brand units: retail (Jacques' Wein-Depot and Wein & Co.), 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.

Publisher:

Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg

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 Wein & Vinos)
wirwinzer.de (German wines directly from the producers)
weinco.at (Online shop)

Press and Investor Relations:

Thomas Hutchinson
Phone: +49 (0)40 30 39 21 00
Fax +49 (0)40 30 39 21 05
E-mail: ir@hawesko-holding.com



08.04.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Hawesko Holding AG
Große Elbstraße 145 d
22767 Hamburg
Germany
Phone: +49 40 30 39 2100
Fax: +49 40 30 39 2105
E-mail: ir@hawesko-holding.com
Internet: www.hawesko-holding.com
ISIN: DE0006042708
WKN: 604270
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Tradegate Exchange
EQS News ID: 796809

 
End of News DGAP News Service

796809  08.04.2019 

fncls.ssp?fn=show_t_gif&application_id=796809&application_name=news&site_id=zonebourse

© EQS 2019
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Financials (EUR)
Sales 2019 564 M
EBIT 2019 29,4 M
Net income 2019 17,1 M
Debt 2019 108 M
Yield 2019 3,93%
P/E ratio 2019 17,3x
P/E ratio 2020 15,0x
EV / Sales2019 0,72x
EV / Sales2020 0,66x
Capitalization 297 M
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Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 42,00  €
Last Close Price 33,10  €
Spread / Highest target 45,0%
Spread / Average Target 26,9%
Spread / Lowest Target 8,76%
EPS Revisions
Managers
NameTitle
Thorsten Hermelink Chief Executive Officer
Detlev Meyer Chairman-Supervisory Board
Alexander Borwitzky Chief Operating Officer
Raimund Hackenberger Chief Financial Officer
Thomas Richard Fischer Deputy Chairman-Supervisory Board
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