Hawesko : completes B2B warehouse relocation and realises expected Q4 positive effects

Hawesko Group completes B2B warehouse relocation and realises expected Q4 positive effects

Hamburg, 29 November 2019. The wine trading group Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) announces that it has completed the relocation of its B2B warehouse with the sale of a property.

As a result, the positive one-off effects expected for the fourth quarter of fiscal year 2019 have been realised; they compensate for the one-off charges incurred for the relocation in the second and third quarters, as planned. For the full year 2019, the management board continues to expect an increase in consolidated sales including Wein & Co. of between 7-9% compared to 2018, as well as an EBIT margin between 5.0-5.7% (previous year: 5.3%).

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The Hawesko Group is a leading purveyor of premium wines and champagnes. In fiscal year 2018, the Group achieved consolidated sales of € 524 million and employed 1,000 persons in the company's three sales channels: 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
Germany

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: [phone]

E-mail: [e-mail]