EQS-News

Hawesko Group defies challenging market conditions: Sales and profitability remain at a high level in 2023

EQS-News: Hawesko Holding SE / Key word(s): Annual Report/Annual Results Hawesko Group defies challenging market conditions: Sales and profitability remain at a high level in 2023 18.04.2024 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. PRESS RELEASE

Hawesko Group defies challenging market conditions: Sales and profitability remain at a high level in 2023

• Hawesko Group holds its own in a challenging environment with falling consumer spending and a declining wine market: sales are almost on a par with the previous year.
• Profitability was also stabilised: Despite enormous cost pressure due to sharply rising production costs, operating performance is only slightly down on the previous year thanks to internal improvements and intelligent pricing.

Hamburg, 18 April 2024: Hawesko Holding SE (HAW, HAWG.DE, DE0006042708) today published its annual report for the 2023 financial year, providing a detailed overview of the past financial year.

Thorsten Hermelink, CEO of the Hawesko Group, commented as follows: "In the 2023 financial year, we succeeded in continuing our development of recent years at a high level, despite a very tricky economic environment. Our focus on cost discipline and intelligent pricing has paid off. This underlines our ability to continue to fascinate customers with our offers and confirms our role as a leading player in the European wine trade. Driven by our goal of creating extraordinary moments of enjoyment, we remain motivated and determined every day to continue on our path and emerge stronger from these challenging times."

In the 2023 financial year, the Hawesko Group generated sales of € 660 million, which was slightly below the previous year (-2%) but impressively up by double-digit percentages on the level before the pandemic. While the operating units in the Retail and B2B segments performed very well, the Group was unable to escape the weak trend in the German e-commerce market - in line with the industry as a whole. In an environment characterised overall by consumer restraint and a general decline in per capita wine consumption, the Hawesko Group nevertheless performed better than the market as a whole.