Hawesko Group grows in sales and earnings

- Consolidated sales in 2019 rose by 5.9% to € 555 million

- Positive development in the Retail and E-commerce segments

- Relocation of the wholesale warehouse put pressure on B2B segment

Hamburg, 4 February 2020. Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708), the wine-trading group specialised in premium products, achieved consolidated sales of € 555 million (excluding VAT) in fiscal year 2019, based on preliminary figures. This corresponds to sales growth of 5.9% over the previous year. Adjusted for acquisitions, sales growth was 1.3%. The Hawesko management board expects that the consolidated EBIT increased to approximately € 29 million (previous year: € 27.7 million).

The sales growth resulted from positive overall performance in the E-commerce and Retail segments. In 2019, the E-commerce segment grew by 5.1%, while Jacquesʼ grew by 3.6%. The Retail segment benefited additionally from the acquisition of Wein & Co. and achieved sales growth of 17.4%. Both segments likewise posted positive development of EBIT.

The B2B segment posted a decline in sales of 4.1%. Slight declines in export and wholesale sales as well as the long-planned and strategically important warehouse relocation put pressure on both sales and the operating result. The negative earnings effect was compensated by the sale of the old warehouse property which was no longer needed.

Thorsten Hermelink, Chief Executive Officer of Hawesko Holding AG, commented, 'Our E-commerce and Retail segments performed very well in 2019 in an intensely competitive environment and gained market share with their growth. The warehouse relocation in the B2B segment to a logistically more advantageous site with significantly more capacity cost us in terms of effort, sales and earnings. However, we have now laid the foundation for future growth in the B2B segment. We look forward to fiscal year 2020 with optimism.'

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The Hawesko Group is a leading purveyor of premium wines and champagnes. In fiscal year 2018, the Group achieved consolidated sales of € 524 million and employed 1,000 persons in the company's three sales channels: Retail (Jacques' Wein-Depot), B2B (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and E-commerce (particularly HAWESKO and 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.

Publisher:

Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg

Internet: hawesko-holding.com (Company information)
hawesko.de (Online shop)
jacques.de (Jacques' Wein-Depot information and online shop)
vinos.de (Spanish wines sold through Vinos)
weinco.at (Online shop of Wein & Co.)
wirwinzer.de (German wines directly from the producers)

Press and Investor Relations contact:
Thomas Hutchinson
Phone: +49 (0)40 30 39 21 00
E-mail: ir@hawesko-holding.com