Hawesko Holding AG : Profit warning mainly due to unfavourable sales mix caused by a long, hot summer
>Profit warning - Late Friday evening (19 Oct) Hawesko issued a profit warning for 2018. Management now expects organic sales growth (excluding the newly acquired Wein & Co.) of +2.5% (previously: +3%; my estimate: +3.3%). The company’s guidance for EBIT before one-off effects from the Wein & Co. acquisition now stands at € 28-30m (previously: € 32-33m; our estimate: € 31.8m / € 26.8m after one-off effects from the Wein & Co. acquisition).The company’s reasons fo...Hawesko Holding is engaged in the trading and sale of wines, champagnes and other alcoholic drinks to consumers and re-sellers. Co. operates within three segments: specialist wine-shop retail, which sells wine via a network of retail outlets which are run by independent agency partners; wholesale or distribution, which groups together business activities with retailers; wines and champagnes that are sold both by mail order and by an organization of trade representatives; and mail-order, which comprises the wine and champagne mail-order division and includes gifts business for corporate and private customers, based on catalogue.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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