2013-03-22 08:09:56 -
HAWESKO Holding AG /
Hawesko increases dividend to € 1.65 per share
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The issuer is solely responsible for the content of this announcement.
- Tenth consecutive rise in the ordinary dividend
- Final figures slightly higher than the preliminary announcement
Hamburg, 22 March 2013. The wine trading group Hawesko Holding AG (HAW GR,
HAWG.DE, DE0006042708) expects to increase the dividend to € 1.65 per share for
fiscal year 2012 (previous year: € 1.60). At its meeting yesterday, the
supervisory board of the company approved the corresponding dividend proposal of
the management board, on which the annual general meeting will vote on 17 June
2013. With the proposed rise, the ordinary dividend will be raised for the tenth
consecutive year since 2002. A total
of € 14.8 million will be paid out to the
shareholders (previous year: € 14.4 million).
Furthermore, the supervisory board reviewed, discussed and ratified the annual
and consolidated financial statements for fiscal year 2012; the annual financial
statements were approved. As previously announced, Group sales in 2012 (1
January to 31 December) rose by 9.0% to € 448.6 million (previous year:
€ 411.4 million). The final consolidated financial statement shows a result
from operations (EBIT) of € 26.1 million (previous year: € 26.8 million).
Consolidated net income after deductions for taxes and non-controlling interests
amounted to € 22.5 million and € 2.51 per share in 2012; adjusted for the non-
recurring positive effects in the financial result, € 17.9 million and € 1.99
per share (previous year: € 17.9 million and € 1.99 per share). The free cash
flow (cash flow from ongoing business activities minus investments and interest
paid out) amounted to € -8.6 million after the acquisition of the majority
interest in Wein & Vinos; adjusted for this extraordinary item it amounted to €
11.1 million and € 1.23 per share. In the previous year it reached a level of €
12.3 million and € 1.37 per share.
The management board will present details of the results of fiscal year 2012 as
well as the business performance in the first three months of the current fiscal
year 2013 at the annual press conference of Hawesko Holding AG on 7 May 2013.
Hawesko Holding AG is a leading supplier of premium wines and champagnes. In
fiscal year 2012, the Group achieved sales of € 449 million and employed 847
persons in the company's three sales channels: specialty retail (Jacques' Wein-
Depot), wholesale operations(Wein Wolf and CWD Champagner- und Wein-
Distributionsgesellschaft) and mail order (especially Hanseatisches Wein- und
Sekt-Kontor and Wein & Vinos). The shares of Hawesko Holding AG are listed on
the Hanseatic Stock Exchange in Hamburg as well as in the SDAX small-cap index
of the Frankfurt Stock Exchange.
# # #
The application of IAS 19 (revised) resulted in an increase of reported EBIT for
the previous year (€ 26.8 million) compared to the originally reported EBIT of €
The complete 2012 annual report and accounts will be published on 7 May 2013.
Publisher: Hawesko Holding AG, 20247 Hamburg
(Jacques' Wein-Depot information and online shop)
(Spanish wines sold through Wein & Vinos)
(Online shop with outstanding Bordeaux wines of
Press Contact and Investor Relations:
Thomas Hutchinson, Hawesko Holding AG
Phone: +49 (0)40 30 39 21 00
Fax +49 (0)40 30 39 21 05
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Source: HAWESKO Holding AG via Thomson Reuters ONE