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EQS-News: Hawesko Holding SE
/ Key word(s): Half Year Results/Half Year Report
Hamburg, 4 August 2023. The wine trading group Hawesko Holding SE (HAW, HAWG.DE, DE0006042708) today published its half-yearly financial report 2023, including the figures for the second quarter (1 April to 30 June). With revenues of € 314 million (previous year: € 312 million) and an adj. EBIT of € 13.2 million (previous year: € 15.3 million) for the half year, the business remains close to last year's level and still well above the pre-Corona trend in a challenging environment. The persistently poor consumer climate, due to the high core inflation rate in Germany, led to a change in the channel mix. In view of rising prices, customers are "moving down" in all food ranges and also staying in their usual price categories for wine. In the end customer segments, sales are shifting towards stationary retail and away from e-commerce due to the smaller shopping baskets. On the other hand, the B2B segment was able to benefit from noticeable catch-up effects in the gastronomy sector. Overall, however, the negative development compared to the previous year eased in the second quarter. With stable gross margins in all segments compared with the previous year and consistent efficiency programs in the areas of marketing, logistics and administration, it was possible to achieve EBIT on a par with the strong Corona year 2020 despite inflation-related cost increases and maintain the adj. EBIT margin at 4.2 percent at the half-year (previous year: 4.9 percent). The Board of Management of the Hawesko Group expects market conditions to remain challenging in 2023 as a whole. Revenue is therefore still expected to remain at the previous year's level, with EBIT before restructuring of € 37 - 42 million due to the changed segment mix.
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As a leading trading group for high-quality wines, champagnes and spirits, the Hawesko Group employs around 1,300 people across the Retail (Jacques’ and Wein & Co.), B2B (especially Wein Wolf, Abayan and Grand Cru Select) and e-commerce (especially HAWESKO, Vinos and WirWinzer) segments. The shares in Hawesko Holding SE are listed on the Hanseatic Stock Exchange, Hamburg, and in the Prime Standard segment of the Frankfurt Stock Exchange.
Publisher: Hawesko Holding SE
Internet: hawesko-holding.com Corporate information hawesko.de Extensive range for wine connoisseurs jacques.de Jacques' locations and online offerings weinco.at Austria's leading specialist wine dealer vinos.de The best wines from Spain wirwinzer.de German wines directly from the producers tesdorpf.de Traditional fine wine trader weinart.de Rarities and top wines from around the world the-wine-company.se Excellent wines for Sweden enzo.de Italian wines and lifestyles globalwine.ch Premium portfolio for highest quality demands weinwolf.de International wine variety volume-spirits.de Exquisite spirits portfolio abayan.de Top wines from Italy
Press and Investor Relations contact: Tel. (+49) 40 3039 2100 Tel. (+49) 40 3039 2105 E-mail: ir@hawesko-holding.com
04.08.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| 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: | 1695795 |
| End of News | EQS News Service |
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1695795 04.08.2023 CET/CEST
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