Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

HAWESKO HOLDING AG

(HAW)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryAll NewsPress ReleasesOfficial PublicationsSector news

Hawesko Group: Change in profit development within the year vis-a-vis previous year, full-year forecast confirmed

share with twitter share with LinkedIn share with facebook
07/19/2019 | 10:10am EDT

DGAP-Ad-hoc: Hawesko Holding AG / Key word(s): Half Year Results
Hawesko Group: Change in profit development within the year vis-a-vis previous year, full-year forecast confirmed

19-Jul-2019 / 16:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Hawesko Group: Change in profit development within the year vis-a-vis previous year, full-year forecast confirmed

Hamburg, 19 July 2019. The wine trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) announces an explanation of changes in its profit development within fiscal year 2019 due to special effects: On the basis of figures for the first quarter and preliminary indications for the second quarter, EBIT of approximately EUR 8 million is expected for the first half-year (1 January to 30 June) 2019 and, as planned, will be below the previous year's figure - by approximately EUR 2.5 million.

The business development of the subsidiary Wein & Co., acquired 1 October 2018, is proceeding as expected in line with the planned restructuring concept. Within this context Wein & Co. will realise a loss of approximately EUR 1 million in the six-month period to 30 June 2019 and, based on the normal course of a business year, will largely make this up in the fourth quarter. Due to the move of the group's B2B distribution facility from northern Germany to Worms in the period May-July, additional costs of approximately EUR 0.7 million in the half-year accounts will be realised. These should be compensated by savings in transport costs in the second half of the year due to shorter delivery routes. A severance payment relating to the dissolution of a contract with a member of the board of management will also be recognised in the half-year results; however, as the position will not be refilled, this anticipates personnel costs which would have been incurred in the second half of the year. Business operations are running in line with the expectations of the board of management. In the first half-year, group sales were increased by 7.6%.

The Hawesko Group management board confirms its previous forecast for the 2019 fiscal year: Including Wein & Co., consolidated from 1 October 2018, an increase in sales of approximately 7-9% and an EBIT margin in the range between 5.0-5.7% in 2019 (previous year: 5.3%) is expected.


Information and Explanation of the Issuer to this News:

A detailed analysis as well as the complete interim accounts will be published on 8 August 2019 in the upcoming half-year financial report to 30 June 2019.
# # #

Herausgeber:

Hawesko Holding AG
Elbkaihaus
Große Elbstraße 145d
22767 Hamburg

Presse- und Investor-Relations-Kontakt:
Thomas Hutchinson
Tel. (040) 30 39 21 00
Fax (040) 30 39 21 05
E-Mail: ir@hawesko-holding.com


19-Jul-2019 CET/CEST 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: 844149

 
End of Announcement DGAP News Service

844149  19-Jul-2019 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=844149&application_name=news&site_id=zonebourse

© EQS 2019
share with twitter share with LinkedIn share with facebook
All news about HAWESKO HOLDING AG
08/21HAWESKO HOLDING AG : Ex-dividend day for final dividend
FA
08/21HAWESKO HOLDING AG : Ex-dividend day for extraordinary dividend
FA
08/20HAWESKO GROUP : AGM approves dividend payment of ? 1.75 per share
EQ
08/06HAWESKO HOLDING AG : Hawesko Group records a strong second quarter
EQ
08/05HAWESKO : Half-year financial report to 30 June 2020
PU
08/03HAWESKO HOLDING AG : Preliminary announcement of the publication of financial re..
EQ
07/16HAWESKO HOLDING AG : Strong sales development and significant EBIT increase in t..
EQ
07/16HAWESKO GROUP : Strong sales development and significant EBIT increase in the fi..
EQ
06/17HAWESKO HOLDING AG : Dividend for 2019 raised to ? 1.75, virtual shareholders me..
EQ
06/17HAWESKO HOLDING AG : Dividend for 2019 raised to ? 1.75, virtual shareholders me..
EQ
More news
Financials
Sales 2020 572 M 671 M 671 M
Net income 2020 17,2 M 20,1 M 20,1 M
Net Debt 2020 88,6 M 104 M 104 M
P/E ratio 2020 20,3x
Yield 2020 3,35%
Capitalization 349 M 409 M 409 M
EV / Sales 2020 0,76x
EV / Sales 2021 0,73x
Nbr of Employees 1 243
Free-Float 21,8%
Chart HAWESKO HOLDING AG
Duration : Period :
Hawesko Holding AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HAWESKO HOLDING AG
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 48,00 €
Last Close Price 38,80 €
Spread / Highest target 23,7%
Spread / Average Target 23,7%
Spread / Lowest Target 23,7%
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
Sector and Competitors
1st jan.Capitalization (M$)
HAWESKO HOLDING AG9.92%409
ALIBABA GROUP HOLDING LIMITED30.57%749 272
MEITUAN DIANPING137.29%178 023
SHOPIFY INC.157.99%125 010
PINDUODUO INC.94.87%88 265
MERCADOLIBRE, INC.89.33%53 829