Hawesko: On target after the first six months of 2013
(Thomson Reuters ONE) -
HAWESKO Holding AG /
Hawesko: On target after the first six months of 2013
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- Growth in the second quarter
- Operating result (EBIT) below that of the previous year, but in line with
expectations
- Positive outlook confirmed
Hamburg, 7 August 2013. Today the wine-trading group Hawesko Holding AG (HAW GR,
HAWG.DE, DE0006042708) published its report for the first six months of fiscal
year 2013 as well as the figures for the second quarter. During the quarterly
period from 1 April to 30 June the Group increased its sales compared to the
same quarter in the previous year (? 109.0 million) by 4.3% to ? 113.7 million
before VAT. All three business segments experienced growth. With an increase of
7.6%, the wholesale segment posted the strongest growth in sales, due primarily
to the initial consolidation of the wine trader Vogel Vins in western
Switzerland. In the specialist retail segment, Jacques' Wein-Depot grew by 3.4%
(adjusted for new openings by 3.0%). Sales in the mail order segment increased
by 0.9%. The unusually cold, wet weather in June had an adverse effect on
business performance. The consolidated operating result (EBIT) in the second
quarter of 2013 amounted to ? 6.8 million, down by 7.6% from the previous year
(? 7.4 million). The financial result was ? -0.4 million (previous year: ? -
0.2 million). Consolidated net income after deductions for taxes and non-
controlling interests for the quarter amounted to ? 4.2 million and ? 0.46 per
share (same quarter in the previous year: ? 4.8 million and ? 0.54 per share).
In the first six months of fiscal year 2013 (1 January to 30 June), sales rose
by 2.2% to ? 217.0 million (comparable period in the previous year:
? 212.4 million). The operating result (EBIT) declined by ? 1.7 million or
14.0% to ? 10.3 million (previous year: ? 12.0 million). Consolidated net income
after deductions for taxes and non-controlling interests amounted to ? 6.4
million and ? 0.71 per share; the figures for the same period in the previous
year were ? 7.7 million and ? 0.85 per share.
The Hawesko management board notes that the financial figures for the first half
of 2013 are within expectations, and still considers the general economic and
business conditions in Germany to be good. Thus the board reaffirms its forecast
for the full fiscal year 2013: overall, it anticipates sales growth in the order
of magnitude of 6% compared to the previous year (? 449 million). A
proportionately higher increase in EBIT to approximately ? 28 million is
forecast for 2013 (previous year: ? 26.1 million).
CEO Alexander Margaritoff: "On the whole we are satisfied with our business
performance in the first six months: our figures are lower than those of the
previous year, but fully in line with our planning. Business for the vast
majority of the group is progressing positively as expected, so that we are
optimistic about the second half of 2013. Moreover, the low comparable basis
from the second half of 2012 - at that time diminished by one-off effects - will
work in our favour during the further course of this year, especially in the
fourth quarter."
Hawesko Holding AG is a leading supplier of premium wines and champagnes. In
fiscal year 2012, the Group achieved sales of ? 449 million and employed 847
persons in the company's three sales channels: specialty retail (Jacques' Wein-
Depot), wholesale operations (Wein Wolf and CWD Champagner- und Wein-
Distributionsgesellschaft) and mail order (especially Hanseatisches Wein- and
Sekt-Kontor and Wein & Vinos). The shares of Hawesko Holding AG are listed on
the Hanseatic Stock Exchange in Hamburg as well as in the SDAX small-cap index
of the Frankfurt Stock Exchange.
# # #
The full six-month financial report to 30 June 2013 is available as a download
at http://www.hawesko-holding.com, --> "Press" or "Investors" --> "Downloads".
Publisher:
Hawesko Holding AG, 20247 Hamburg
Internet:
http://www.hawesko-holding.com (Company information)
http://www.hawesko.de (Online shop)
http://www.jacques.de (Jacques' Wein-Depot information and online shop)
http://www.vinos.de (Spanish wines sold through Wein & Vinos)
http://www.chateauclassic.com (Online shop with outstanding Bordeaux wines of
older vintages)
Press Contact and Investor Relations:
Thomas Hutchinson, Hawesko Holding AG
Phone: +49 (0)40 30 39 21 00
Fax +49 (0)40 30 39 21 05
E-mail: ir(at)hawesko-holding.com
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originality of the information contained therein.
Source: HAWESKO Holding AG via Thomson Reuters ONE
[HUG#1721514]
Datum: 07.08.2013 - 08:05 Uhr
Sprache: Deutsch
News-ID 285371
Anzahl Zeichen: 5626
contact information:
Town:
Hamburg
Kategorie:
Business News
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