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Hawesko Holding AG: Hawesko Group continues on successful course in 1st quarter 2021

DGAP-News: Hawesko Holding AG / Key word(s): Interim Report/Quarter Results Hawesko Holding AG: Hawesko Group continues on successful course in 1st quarter 2021 12.05.2021 / 08:00 The issuer is solely responsible for the content of this announcement.

• 28 percent increase in sales to € 158.6 million and 84 percent online growth
• EBIT quadrupled to € 15.6 million
• Earnings increased in all segments

Hamburg, 12 May 2021. The wine trading group Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) today published its quarterly statement for the period ending March 31, 2021. Sales show an increase of 28 percent to € 159 million (prior-year period: € 123.8 million). EBIT in the same period amounted to € 16 million (same period last year: € 4 million), thus quadrupling. The comparable period last year was hardly affected by Corona.

In the first quarter, the E-Commerce segment achieved a year-on-year increase in revenue of a good 65 percent, while the Retail segment grew by 22 percent. The B2B segment was below the previous year's level with a revenue development of -7 percent due to a lack of revenue in the catering and hotel sectors, although the German B2B subsidiaries were slightly up on the previous year. Overall, the operating result developed very positively: In the E-Commerce segment, EBIT almost quadrupled to € 9.7 million (previous year: € 2.5 million). In the Retail segment, earnings more than doubled to € 6.4 million (previous year: € 2.5 million). Despite ongoing closures in the food service and hotel sectors, the B2B segment generated a result of € 1.1 million (previous year: € -99 thousand).

The Chairman of the Board of Management of the Hawesko Group, Thorsten Hermelink, comments: "Even in the Corona crisis, our formats such as HAWESKO, Jacques', Vinos and Wein & Co. are proving strong. We want to further expand the market position of the Hawesko Group as Europe's largest, most innovative and most profitable wine trading group in the premium segment. In doing so, we can rely not only on our innovative strength but also on our high level of wine expertise and decades of experience in the wine market."