Hawesko Holding meets its targets for 2015
(Thomson Reuters ONE) -
HAWESKO Holding AG /
Hawesko Holding meets its targets for 2015
. Processed and transmitted by NASDAQ OMX Corporate Solutions.
The issuer is solely responsible for the content of this announcement.
- Sales in 2015 rose as planned by 0.8% to just under ? 477 million
- Sales increase by 1.7% on a like-for-like basis
- Adjusted EBIT approximately ? 26-27 million as expected
Hamburg, 2 February 2016. Hawesko Holding AG (HAW, HAWG.DE, DE0006042708)
expanded its market position as the leading wine trading group in the past
fiscal year (1.1. to 31.12.2015). Consolidated sales rose from ? 472.8 million
to ? 476.6 million, corresponding to an increase of 0.8% and meeting the
expectations of the management board. Adjusted for the advance sales of the
Bordeaux subscription wines and the sales of the terminated wholesale operations
in Bordeaux, sales increased by 1.7%. The management board estimates that the
Hawesko Group once again succeeded in increasing its share of the market in
2015 and thus reasserting its position in a tough market environment.
According to preliminary calculations, the consolidated operating result (EBIT)
of the Hawesko Group is in the range of ? 26-27 million on an adjusted basis
(previous year, adjusted: ? 24.6 million), so that the expectations of the
management board have been confirmed in this regard as well. The figure is
adjusted for non-recurring charges of approximately ? 7 million in conjunction
with the change-of-control. As a result, consolidated EBIT to be reported is in
the range of ? 19-20 million (previous year: ? 20.1 million). Thus, the
management board of Hawesko Holding reckons with consolidated net income after
deductions for taxes and non-controlling interests in the range of ? 12-13
million and ? 1.34-1.44 per share (previous year: ? 14.8 million and ? 1.65 per
share).
For 2016 the management board expects sales development at the level of the
previous year. However, rises in EBIT and the EBIT margin are expected - even on
an adjusted basis - compared to the previous year. "We can be satisfied with the
key figures for 2015. Despite challenging market conditions, we achieved our
targets and maintained our position as the leading wine trading company. Once
again we were able to rely on the competence and commitment of our staff
members. We intend to continue on our course of profitable growth in the future
as well," said CEO Thorsten Hermelink Tuesday on the announcement of the
preliminary financial results.
Hawesko Holding AG is a leading supplier of premium wines and champagnes. In
fiscal year 2014, the Group achieved sales of ? 473 million and employed 925
persons in the company's three sales channels: specialty retail (Jacques' Wein-
Depot), wholesale operations (Wein Wolf and CWD Champagner- und Wein-
Distributionsgesellschaft) and distance selling (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 prime standard
segment of the Frankfurt Stock Exchange.
# # #
The complete 2015 annual report and accounts will be presented at the annual
press conference on 21 April 2016.
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)
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
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(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.
Source: HAWESKO Holding AG via GlobeNewswire
[HUG#1982917]
Datum: 02.02.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 447928
Anzahl Zeichen: 4588
contact information:
Town:
Hamburg
Kategorie:
Business News
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