|
EQS-Ad-hoc: Hawesko Holding SE / Key word(s): Preliminary Results/Change in Forecast Hamburg, October 13, 2023. The wine trading group Hawesko Holding SE (HAW, HAWG.DE, DE0006042708) announces preliminary results for the third quarter of 2023 and lowers its outlook for the full year. Continued poor consumer sentiment will not lead to the expected recovery in business development in 2023. For the third quarter of 2023, the Hawesko Group anticipates an operating profit of € 5.3 million, unchanged from the previous year. At € 143 million, revenue is just under three percent down on the previous year. The slight decline in sales was offset by cost savings in earnings. However, the planned increases in sales and margins were not achieved. The slower turnaround of the Austrian subsidiary WEIN&CO due to the economic situation and the persistently high level of interest rates will also necessitate an extraordinary goodwill impairment of up to € 8.2 million in the third quarter. This will lead to a negatively reported consolidated result in the third quarter. The Board of Management of Hawesko Holding SE expects the business performance in the fourth quarter of 2023 to be on a par with the previous year, rather than recovering as previously, due to persistent inflation and continuing subdued consumer sentiment. For the full year 2023, this leads to an adjusted forecast of operating earnings of € 32 to 35 million (previous forecast: € 37 million). At the same time, Hawesko Holding SE has also adjusted its expectations for free cash flow (€ 9 to 12 million). A detailed analysis and the interim financial statements will be published on November 8, 2023 in the Quarterly Statement as of September 30, 2023.
# # #
Publisher: Hawesko Holding SE
Press and Investor Relations contact: Lena Lundius Head of Investor Relations & Communications
Tel. (040) 360 232 597 Fax (040) 30 39 21 05 E-Mail: l.lundius@hawesko-holding.com End of Inside Information
13-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Hawesko Holding SE |
| Große Elbstraße 145 d | |
| 22767 Hamburg | |
| Germany | |
| Phone: | +49 40 30 39 2100 |
| Fax: | +49 40 30 39 2105 |
| E-mail: | ir@hawesko-holding.com |
| Internet: | www.hawesko-holding.com |
| ISIN: | DE0006042708 |
| WKN: | 604270 |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Tradegate Exchange |
| EQS News ID: | 1748945 |
| End of Announcement | EQS News Service |
|
|
1748945 13-Oct-2023 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
