Ad hoc:HAWESKO Holding AG:Ad hoc: Hawesko sells financial stake in Majestic Wine plc
(Thomson Reuters ONE) -
HAWESKO Holding AG / / Ad hoc: Hawesko sells financial stake in Majestic Wine plc processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Hamburg, 24 June 2010. The wine trading group Hawesko Holding AG (HAW GR,
HAWG.DE, DE0006042708) has sold its 3.4 % holding, corresponding to 2,083,047
shares, in Majestic Wine plc on 23 June 2010 over the London Stock Exchange.
This resulted in cash proceeds equivalent to approximately ? 7.4 million. Cash
outpayments made for the financial investment in Majestic Wine plc during a
period from the end of 2008 to the beginning of 2009 had totalled ? 4.1 million.
The gain of ? 3.3 million will be recognised in the financial result line of the
income statement within the half-year financial report for 2010. Parting from
this financial stake does not mean a renunciation of the strategic orientation
of Hawesko Holding AG fundamentally to expand outside of Germany.
The Hawesko management board now assumes in its forecast for fiscal year 2010
that the financial result line will show a net positive figure in the range of ?
1-3 million instead of a net negative figure of approximately ? 1 million. The
current forecast for sales and operating result remains unaffected: the
management board continues to assume a moderate sales increase against the
previous year (Group sales 2009: ? 339 million) and an operating profit (EBIT)
of a similar magnitude to the previous year (ie, ? 22-23 million). The estimate
for free cash flow is now being raised to an expected scale of ? 22 million
(previous forecast: approximately ? 15 million).
# # #
Published by:
Hawesko Holding AG
20247 Hamburg, Germany
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#1426995]
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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;
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
All reproduction for further distribution is prohibited.
Source: HAWESKO Holding AG via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 24.06.2010 - 14:11 Uhr
Sprache: Deutsch
News-ID 22979
Anzahl Zeichen: 0
contact information:
Town:
Hamburg
Kategorie:
Business News
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