Hawesko Holding AG: Dividend continuity
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Hawesko Holding AG /
Hawesko Holding AG: Dividend continuity
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* Management and supervisory boards propose dividend of ? 1.30 per share
* Preliminary results confirmed
Hamburg, 29 March 2017. The wine trading group Hawesko Holding AG (HAW GR,
HAWG.DE, DE0006042708) expects to pay a dividend of ? 1.30 per share for fiscal
year 2016 and maintain the level of the previous year. At its meeting on 29
March 2017 the supervisory board of the company approved the corresponding
dividend proposal of the management board. This proposal will be voted by the
annual general meeting on 19 June 2017. A total of ? 11.7 million will be paid
out to the shareholders, the same amount as last year. In terms of group net
income and adjusted for non-recurring items, the payout ratio is 60% (previous
year, adjusted: 67%).
Furthermore, the supervisory board reviewed, discussed and approved the
consolidated financial statements for fiscal year 2016; the financial statements
of the parent company were adopted. The final consolidated accounts show
consolidated sales in 2016 (1 January to 31 December) rose by 0.9% to
? 480.9 million (previous year: ? 476.8 million). The result from operations
(EBIT), adjusted for non-recurring items, amounted to ? 29.1 million (previous
year, adjusted: ? 26.9 million). Unadjusted reported EBIT amounted to ? 29.6
million (previous year: ? 20.1 million). Consolidated net income after
deductions for taxes and non-controlling interests, adjusted for non-recurring
items, amounted to ? 19.5 million and ? 2.17 per share (2015: ? 17.5 million and
? 1.95 per share). Unadjusted for non-recurring items, consolidated net income
amounted to ? 18.5 million (previous year: ? 12.2 million). The consolidated
balance sheet total amounted to ? 231.3 million, compared to ? 219.8 million at
the previous year-end. The balance sheet shows a net cash position. The free
cash flow (cash flow from ongoing business activities minus investments and
interest paid out) amounted to ? 13.1 million and ? 1.45 per share. Before
investments totalling ? 8.2 million in growth-related acquisitions, free cash
flow would have amounted to ? 21.3 million, which is comparable to the free cash
flow of ? 19.7 million and ? 2.19 per share achieved in the previous year.
Speaking about the proposed dividend today, CEO Thorsten Hermelink said, "2016
was a very good year and we made good progress in the development of all
segments in the Hawesko Group. With the cash flow we generated, we were able not
only to finance attractive acquisitions which will make significant
contributions to growth in the coming years. Keeping to our long-standing
tradition, we can also maintain the dividend and its continuity for our
shareholders: We are proposing a payout of ? 1.30 per share again this year."
# # #
Hawesko Holding AG is a leading supplier of premium wines and champagnes. In
fiscal year 2016, the Group achieved sales of ? 481 million and employed 940
persons in the company's three sales channels: specialty retail (Jacques' Wein-
Depot), wholesale operations/distribution (Wein Wolf and CWD Champagner- und
Wein-Distributionsgesellschaft) and distance selling (especially Hawesko.de and
Vinos.de). 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 2016 annual report and accounts will be presented at the annual
press conference on 20 April 2017.
Publisher:
Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg
Press and Investor Relations:
Thomas Hutchinson
Phone +49 (0)40 30 39 21 00
Fax +49 (0)40 30 39 21 05
Internet:
hawesko-holding.com (Company information)
hawesko.de (online shop)
jacques.de (Jacques' Wein-Depot information and
wirwinzer.de (German wines directly from the producers)
vinos.de (Spanish wines sold through Wein & Vinos)
E-mail: ir(at)hawesko-holding.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hawesko Holding AG via GlobeNewswire
Datum: 29.03.2017 - 20:34 Uhr
Sprache: Deutsch
News-ID 533306
Anzahl Zeichen: 5066
contact information:
Town:
Hamburg
Kategorie:
Business News
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