Hawesko Q1 Sales Fall as Pandemic Effects Wane; Sees Sales Dropping as Much as 6% in 2022

• (PLX AI) - Hawesko Q1 revenue EUR 150 million, down 6% from a year ago.
• • Says lockdown-related special effects of the prior-year quarter are no longer present in the purchasing behavior of customers
• • Lower demand in the B2C formats compared with the lockdown - also due to the shift in Easter business to April - is partly offset by increased sales from the lower-margin B2B business
• • Hawesko anticipates a slight decline in sales of 1-6 percent in 2022 compared with the 2021 corona year
• • In terms of earnings, a slightly reduced return is expected with an EBIT margin of between 6.0 and 7.0 percent