Hawesko at the 2010 shareholders' meeting: Double-digit percentage growth continues
(Thomson Reuters ONE) -
HAWESKO Holding AG / Hawesko at the 2010 shareholders' meeting: Double-digit percentage growth continues processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Hamburg, 14. Juni 2010. The wine-trading group Hawesko Holding AG (HAW, HAWG.DE,
DE0006042708) is able to report that sales and earnings continue to be
significantly above the previous year after the first 10 weeks in the current
second quarter (1 April-30 June 2010). At the company's annual general meeting
of shareholders in Hamburg today, chief executive Alexander Margaritoff reported
that business development so far in the second quarter is living up to the
strong development of the first quarter (1 January-31 March 2010). The first
quarter saw a sales increase of 11 % and an increase in operating profit (EBIT)
of 25 %, as previously reported. In particular the wholesale segment is
benefiting greatly from the recovery of the premium wine market.
The Hawesko management board is currently staying with the targets it set for
fiscal 2010: a moderate sales increase (Group sales 2009: ? 339 million),
operating profit (EBIT) of a similar magnitude to the previous year (ie,
? 22-23 million) and free cash flow of approximately ? 15 million. Margaritoff
reaffirmed: "After a good start we are extremely confident of achieving strong
results in the current year."
The proposed resolutions at the Hawesko shareholder meeting were greeted by
overwhelming approval on the part of the attending shareholders; among others
the proposal to raise the dividend for fiscal 2009 to ? 1.35 per share (previous
year: ? 1.20). The dividend is payable from 15 June 2010 and will be paid out of
a tax-free equity reserve without deduction of tax on capital yields and
solidarity surcharge.
Hawesko Holding AG is a leading seller of premium wines and champagnes in
Germany. In fiscal year 2009 the Group achieved sales of ? 339 million through
its three sales channels - specialist wine retail (Jacques' Wein-Depot),
wholesale (Wein Wolf and CWD Champagner und Wein Distributionsgesellschaft) and
mail order (in particular Hanseatisches Wein- und Sekt-Kontor), and employed
657 people. 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.
# # #
Published by:
Hawesko Holding AG, 20247 Hamburg
Internet:
http://www.hawesko.com
http://www.hawesko.de
Wein- und Sekt-Kontor in German)
http://www.jacques.de
of Jacques' Wein-Depot in German)
Presse/Medien:
Vera Maria Bau,VMB Consulting
Tel. (+49 228) 4496 406
Fax (+49 228) 4496 9406
E-mail: vmb(at)veramariabau-pr.de
Investor Relations:
Thomas Hutchinson, Hawesko Holding AG
Tel. (+49 40) 30 39 21 00
Fax (+49 40) 30 39 21 05
E-mail: ir(at)hawesko.com
[HUG#1423412]
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HAWESKO Holding AG
Postfach Hamburg Deutschland
WKN: 604270;ISIN: DE0006042708;Index:SDAX,Prime All Share,CDAX,CLASSIC All Share,GEX;
Listed: Freiverkehr in Börse Stuttgart,
Freiverkehr in Börse Berlin,
Freiverkehr in Börse Düsseldorf,
Freiverkehr in Bayerische Börse München,
Freiverkehr in Niedersächsische Börse zu Hannover,
Prime Standard in Frankfurter Wertpapierbörse,
Regulierter Markt in Frankfurter Wertpapierbörse,
Regulierter Markt in Hanseatische Wertpapierbörse zu Hamburg;
Unternehmensinformation / Kurzprofil:
Datum: 14.06.2010 - 16:22 Uhr
Sprache: Deutsch
News-ID 22369
Anzahl Zeichen: 0
contact information:
Town:
Hamburg
Kategorie:
Business News
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