HAWESKO Holding AG / Hawesko continues to grow . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
- Sales in 2014 rose as planned by 1.6% to nearly € 473 million
- 4.4% increase in sales on comparable basis
- EBIT excluding charges from the takeover offer: approximately € 23 million (previous year: € 22.6 million)
* Further growth expected for 2015
Hamburg, 28 January 2015. The wine trading group Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) has published its preliminary results for the fiscal year just completed (1 January - 31 December 2014) today. Consolidated sales rose by 1.6% to € 472.5 million (2013: € 465.2 million), thus meeting the expectations of the management board. Excluding the advance sales of the subscription Bordeaux en primeur wines as well as the sales of the former subsidiary Château Classic, sales rose by 4.4%, whereby all three business segments contributed to growth. The management board estimates that Hawesko once again succeeded in increasing its share of the market in 2014.
According to preliminary calculations, the consolidated operating result (EBIT) of the Hawesko Group - before the extraordinary charges incurred in conjunction with the takeover offer - amounts to roughly € 23 million and is thus slightly below the expected range of € 24-25 million (previous year: € 22.6 million). According to preliminary calculations, approximately € 3 million in non-recurring charges were incurred in connection with the takeover offer, so that consolidated EBIT will be in the range of € 20 million. The financial result is currently expected to amount to € -0.4 million (previous year: € +2.7 million), but may be revised upwards as a result of as yet outstanding substantive final calculations for the consolidated accounts. Thus, the Hawesko management board reckons with consolidated net income after deductions for taxes and non-controlling interests of at least € 13 million and € 1.45 per share (previous year: € 16.2 million and € 1.80 per share). Hawesko's consolidated accounts will be audited in March 2015 and submitted to the supervisory board for review.
For 2015 the management board expects a further increase in sales. With regard to the EBIT and the EBIT margin - excluding anticipated non-recurring charges - these are expected to improve against the previous year. For the following years as well, the management board expects further increases in sales and gradual improvement of profitability.
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The 2014 annual report will be presented at the annual press conference on 7 May 2015.
Publisher: Hawesko Holding AG
20247 Hamburg
Internet: http://www.hawesko-holding.com (http://www.hawesko-holding.com) (Company information)
http://www.hawesko.de (http://www.hawesko.de) (Online shop)
http://www.jacques.de (http://www.jacques.de) (Jacques' Wein-Depot information and online shop)
http://www.vinos.de (http://www.vinos.de) (Spanish wines sold through Wein & Vinos)
Press Contact and Investor Relations:
Thomas Hutchinson, Hawesko Holding AG
Phone: +49 (0)40 30 39 21 00
Fax +49 (0)40 30 39 21 05
E-mail: ir@hawesko-holding.com (mailto:ir@hawesko-holding.com)
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
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HAWESKO Holding AG
Plan 5 Hamburg Germany
WKN: 604270;ISIN: DE0006042708;Index:GEX,CLASSIC All Share,SDAX,Prime All Share,CDAX;
Listed: Freiverkehr in Börse Stuttgart,
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Prime Standard in Frankfurter Wertpapierbörse,
Regulierter Markt in Frankfurter Wertpapierbörse,
Regulierter Markt in Hanseatische Wertpapierbörse zu Hamburg;
