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EQS-News: Hawesko Holding SE
/ Key word(s): Preliminary Results
Hamburg, 2 February 2024: Based on preliminary figures, the wine trading group Hawesko Holding SE (HAW, HAWG.DE, DE0006042708) achieved consolidated sales of approximately € 660 million and an operating result of around € 34 million in fiscal year 2023, subject to the audit of the financial statements, and is within the forecast issued by the Board of Management. In 2023, a year characterised by consumer restraint, the Hawesko Group's sales were slightly below the previous year's level, as expected. Crises and wars as well as persistently high inflation unsettled consumers and prevented an improvement in consumer sentiment across all sectors. "The market conditions in 2023 were not easy," comments Hawesko CEO Thorsten Hermelink. "We are all the more pleased with the positive development in the retail and B2B segments. Our retail format Jacques' won over many people who love wine with its neighbourly tasting concept and was thus able to record a 2 percent increase in sales. In the B2B business, stable demand in the hotel and restaurant trade was convincing. The segment grew by 3 percent overall." The Hawesko Group felt the effects of the general downturn in consumer sentiment, particularly in the e-commerce segment. At -9 percent, sales in 2023 were well below the previous year and expectations. The hoped-for recovery and associated increase in online activity by our customers has not yet materialised. The Hawesko Group anticipates an operating result of around € 34 million in 2023. At over 5 percent, the profit margin achieved is within the forecast range. The persistently challenging market conditions already led to systematic cost reductions in all segments of the Hawesko Group at the start of 2023. This was the only way to stabilise the operating result.
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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: Corporate information Extensive range for wine connoisseurs Jacques' locations and online offerings Austria's leading specialist wine dealer The best wines from Spain German wines directly from the producers Traditional fine wine trader Rarities and top wines from around the world Excellent wines for Sweden Italian wines and lifestyles Premium portfolio for highest quality demands International wine variety Exquisite spirits portfolio Top wines from Italy Omnichannel premium retailer in the Czech Republic Premium distributor in the Baltic States
Press and Investor Relations contact: Tel. (+49) 40 3039 2100 Tel. (+49) 40 3039 2105 E-mail:
02.02.2024 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: | 00 |
| Fax: | 05 |
| E-mail: | |
| Internet: | -holding.com |
| ISIN: | DE0006042708 |
| WKN: | 604270 |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1828443 |
| End of News | EQS News Service |
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1828443 02.02.2024 CET/CEST
