- Preliminary figures confirmed (sales: EUR 481 million) - All signs point to growth in 2017
The management board is satisfied with the figures for 2016 published today; the audited consolidated financial statements confirm the preliminary figures reported in January. Despite some challenges, sales rose from EUR 477 million to EUR 481 million. At EUR 29.1 million (adjusted for positive special effects), EBIT set a record in the company's history. The balance sheet shows a net liquidity position; the Hawesko Group is debt-free. Free-cash-flow generation before investments in acquisitions covered both the investments in further growth as well as the planned dividend distribution of EUR 1.30 per share. All signs point to growth in the Hawesko Group. For 2017, the management board expects an increase in sales of 5% over 2016 that will be achieved both by the existing companies as well as with the newest acquisitions WirWinzer and WeinArt. With regard to the result from operations (EBIT), a proportional rise to just over EUR 30 million is expected, while investments will be made in the accelerated expansion at Jacques' Wein-Depot and in the digital transformation of the traditional mail-order companies (particularly Hawesko.de). With a combination of organic and external growth, the Hawesko Group wants to grow by an average 5% yearly. The achievement of an EBIT margin of 7% is targeted step by step in the next three years. The new group structure has created good conditions for this: with its portfolio approach the Hawesko Group has developed an effective set of instruments with which the existing retail brands in the Group can be improved and strategic gaps closed with the company's own innovative concepts or with acquisitions. Hermelink added, "The pace of innovation in the wine business, which has long been considered less than agile, is currently tremendous in the online sector. We have now created the conditions for the entire Hawesko Group and equipped it not only to keep up with this speed, but to set the pace as well. Moreover, we have a unique portfolio of retail brands that enables us to benefit from the transformation in the wine business in numerous ways!" Publisher: Hawesko Holding AG Internet: hawesko-holding.com (Company information) Press and Investor Relations: End of Media Release Issuer: Hawesko Holding AG Key word(s): Trades 20.04.2017 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
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