DGAP-News

Hawesko Holding AG: Hawesko Group with strong result for 2020

DGAP-News: Hawesko Holding AG / Key word(s): Annual Report/Annual Results Hawesko Holding AG: Hawesko Group with strong result for 2020 22.04.2021 / 10:00 The issuer is solely responsible for the content of this announcement. Pandemic changes wine market: permanent boost for wine sales via e-commerce expected 12 percent rise in sales to € 620.3 million and 50 percent online growth in financial year 2020 EBIT for 2020 rises 45 percent to € 42.2 million Increased dividend of € 2.00 per share proposed Hamburg, 22 April 2021. The Board of Management of Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) expressed its satisfaction with the 2020 financial year at today's Annual Press Conference. The Hawesko Group's diversified position comprising the Retail, e-commerce and B2B segments afforded it protection in the extraordinary financial year of 2020 and enabled it to continue to operate reliably despite shifts between the sales channels. The Hawesko Group's Chief Executive Officer Thorsten Hermelink commented: "We are convinced the digital transformation of the premium wine market will continue at speed even after the pandemic. The e-commerce share of the wine trade in structural terms jumped to a higher level last year, giving it a springboard for further progress after the pandemic, certainly in the medium term." Sales revenues were increased by around 28 percent in the first quarter of 2021, to approximately € 159 million. EBIT almost quadrupled and exceeded € 15 million over the same period. However the prior-year period was barely affected by the coronavirus. For all the optimism surrounding e-commerce, it can be assumed that a portion of wine consumption will go "out of house" again after the pandemic. The further course of the current financial year will depend very much on the duration and nature of the measures taken to combat the COVID-19 pandemic, but also on how consumers respond after restrictions have eased. Bearing this in mind, it is currently not possible to issue a meaningful forecast for business development for the remainder of the financial year.