Hawesko increases dividend substantially once again and adds bonus payment
(Thomson Reuters ONE) -
HAWESKO Holding AG /
Hawesko increases dividend substantially once again and adds bonus payment
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The issuer is solely responsible for the content of this announcement.
- Supervisory board and management board move to pay out ? 1.75 per share
including bonus
- Ratified final accounts for 2010 confirm preliminary figures
- Free cash flow rises once again
Hamburg, 25 March 2011. The wine trading group Hawesko Holding AG (HAW GR,
HAWG.DE, DE0006042708) will raise its regular dividend for the completed 2010
fiscal year to ? 1.50 per share (prior year: ? 1.35) and pay a bonus of ? 0.25
per share as well. At its meeting yesterday, the supervisory board of the
company approved the corresponding dividend proposal of the management board
which will be put to a vote of the annual general meeting on 20 June 2011. The
proposed 11% increase in the regular dividend reflects the approximate
percentual increase in the operating result (EBIT). The additionally proposed
bonus payout is based on the proceeds of the sale of the financial interest in
Majestic Wine PLC. Overall, ? 15.7 million is to be paid out to the shareholders
from the tax contribution account - an increase of 32% over 2009
(? 11.9 million). For most private investors domiciled in Germany the dividend
and bonus will be tax-free.
Furthermore, the supervisory board reviewed, discussed and approved the annual
and consolidated financial statements for fiscal year 2010; the annual financial
statements of the parent company were officially approved. As previously
announced, Group sales in 2010 (1 January to 31 December) rose by 11.6% to
? 377.7 million (previous year: ? 338.5 million). The final approved accounts
show an operating result (EBIT) of ? 25.7 million, once again a top-level
result. Consolidated earnings after deductions for taxes and minority interests
amounted in 2010 to ? 20.0 million or ? 2.24 per share (previous year:
? 13.1 million or ? 1.48 per share). The consolidated balance sheet total
amounted to ? 201.8 million and shareholders' equity to 46% of that sum
(previous year: ? 173.6 million and 47%). The free cash flow (cash flow from
ongoing business activities minus capital spend and interest paid out) in 2010
rose once again, to a total of ? 23.8 million from ? 20.8 million in the
previous year.
The management board will give a detailed presentation of the results of fiscal
year 2010 as well as of the first three months of 2011 on 12 May 2011 at the
annual press conference of Hawesko Holding AG.
Hawesko Holding AG is a leading supplier of premium wines and champagnes.
Hawesko Holding AG is a leading supplier of premium wines and champagnes. In
fiscal year 2010 the Group achieved sales of ? 378 million through its three
sales channels - specialist wine-shop 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 696 people.
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.
# # #
Published by:
Hawesko Holding AG, 20247 Hamburg
Internet:
http://www.hawesko.com (Company information)
http://www.hawesko.de (Online shop)
http://www.jacques.de (Jacques' Wein-Depot information and online shop)
Press/Media:
Vera Maria Bau, VMB Consulting
Tel. +49 (0)228 4496 406
Fax +49 (0)228 4496 9406
E-mail: vmb(at)veramariabau-pr.de
Investor Relations:
Thomas Hutchinson, Hawesko Holding AG
Tel. +49 (0)40 30 39 21 00
Fax +49 (0)40 30 39 21 05
E-Mail: ir(at)hawesko.com
--- End of Message ---
HAWESKO Holding AG
Postfach Hamburg Deutschland
WKN: 604270;ISIN: DE0006042708;Index:GEX,CLASSIC All Share,SDAX,Prime All Share,CDAX;
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. 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 Thomson Reuters ONE
[HUG#1499994]
Unternehmensinformation / Kurzprofil:
Datum: 25.03.2011 - 08:04 Uhr
Sprache: Deutsch
News-ID 52792
Anzahl Zeichen: 5291
contact information:
Town:
Hamburg
Kategorie:
Business News
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