Hawesko Group increases earnings by more than double in the first three quarters

- Nine-month period: Sales +11%, EBIT +125% (€ 21-22 million)

- Strong growth of sales and earnings continues in Q3

- Despite risks of pandemic for restaurants and caterers in Q4, operating result for full year expected significantly above previous year

Hamburg, 20 October 2020. The wine-trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) announced today that the operating result (EBIT) of the group in the first nine months (1 January to 30 September) of 2020 will more than double to € 21-22 million according to preliminary calculations (same period in the previous year: € 9.5 million). Sales revenues will have increased during the same period by approximately 11% to € 415 million (previous year: € 374.4 million). In spite of expected tighter restrictions for restaurants and hotels in the fourth quarter during the important business leading up to Christmas, the management board expects the operating result (EBIT) for the full year 2020 to reach around € 33 million and be significantly higher than the previous year's figure of € 29.1 million.

Thorsten Hermelink, CEO of the Hawesko Group, commented, "Thanks to our diversified positioning in the wine market we are getting through this fiscal year, with all its peculiarities, very well. Our E-commerce and Retail segments were able to continue their strong performance of the second quarter into the third quarter. The B2B segment also showed signs of recovery during the nice summer weather. Above all, we are converting our good sales performance into outstanding earnings performance. With regard to the rest of the year, we anticipate tighter restrictions for restaurants and caterers because of the coronavirus pandemic and thus big challenges for business leading up to Christmas in the B2B segment. Still we are confident that we, as a group, can significantly top the previous year's result."

A detailed analysis as well as the quarterly statement to 30 September 2020 will be published on 5 November 2020.

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The Hawesko Group is a leading purveyor of premium wines and champagnes. In fiscal year 2019, the Group employed 1,200 persons in the company's three sales channels: retail (Jacques' Wein-Depot), B2B (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and e-commerce (particularly HAWESKO and Vinos). The shares of Hawesko Holding AG are listed on the Hanseatic Stock Exchange in Hamburg as well as in the Prime Standard segment of the Frankfurt Stock Exchange.

Publisher:

Hawesko Holding AG
Elbkaihaus
Grosse Elbstrasse 145d
22767 Hamburg

Internet: hawesko-holding.com (Company information)
hawesko.de (Online shop)
jacques.de (Jacques' Wein-Depot information and online shop)
vinos.de (Spanish wines)
wirwinzer.de (German wines directly from the producers)
weinco.at (Online shop)

Press and Investor Relations:
Thomas Hutchinson
Phone: +49 (0)40 30 39 21 00
Fax +49 (0)40 30 39 21 05
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