Hawesko reports preliminary figures

2013-01-24 19:14:54 -

HAWESKO Holding AG /
Hawesko reports preliminary figures
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- Sales in 2012 up by 9% to € 449 million
- EBIT expected at approx. € 25.9 million (prev. year € 26.7 million)
- 2013: Continuing growth

Hamburg, 24 January 2013.  The wine trading group Hawesko Holding AG (HAW,
HAWG.DE, DE0006042708) published its preliminary results for the fiscal year
just completed (1 January-31 December 2012) today. Consolidated sales (before
taxes) rose by 9.0% to € 448.6 million (2011: € 411.4 million).  The mail order
segment grew by a particularly strong 34.4% - due primarily to the initial
consolidation of the Spanish wine specialists Wein & Vinos. The specialist
retail segment (Jacques' Wein-Depot) also increased sales by 3.8% (2.4% on a
like-for-like basis). As expected, the wholesale segment posted a decline in
sales for the year (-2.6%) due to the stagnant demand for premium Bordeaux wines
in the Far East and the resulting impact on the Bordeaux-based subsidiary
Château Classic.

Consolidated sales in Germany accounted for 89% (previous year: 86%) of total
sales, increasing by 12.9% in absolute terms over the previous year.  In
contrast, the wine market in Germany grew in terms of value by only 1.2% in
2012, according to information of the German Wine Institute (DWI). Thus Hawesko
once again increased its share of the market.

According to preliminary calculations, the consolidated operating result (EBIT)
of the Hawesko Group is in the range of € 25.9 million (previous year: € 26.7
million). The financial result is expected to be income of € 2.4 million
(previous year: expenditure of € 0.5 million), resulting primarily from the
revaluation of a financial liability in accordance with IAS 39. This procedure
will also influence the tax rate: instead of the previously expected level of
31%, a rate of 27% is now anticipated. Consequently, consolidated earnings after
deductions for taxes and non-controlling interests are currently expected to be
in the range of € 20.3 million and approximately € 2.26 per share. This is above
the level of the corresponding period in the previous year (€ 17.9 million and
€ 1.99 per share). Hawesko's consolidated financial statements will be audited
in March 2013 and submitted to the supervisory board for review.

Previously, the Hawesko management board had anticipated an increase in sales of
approximately 10% and a consolidated EBIT on the order of € 28.5 million. The
lower figures were due to an atypical course of the holiday season: the
extremely late placement of orders in the mail order segment meant that sales
were only partially realized. At the same time, the efforts to catch up in time
for the holidays involved additional expenses.

For 2013, the management board anticipates further increases in sales and EBIT
compared to 2012. Alexander Margaritoff, CEO: "In the current fiscal year 2013
we will continue working on the new concepts for our online business in the mail
order segment and advancing the integration of our on-and offline business in
the specialist retail segment. In the wholesale segment we are expanding our
foreign operations with a recently completed complementary acquisition in
western Switzerland. These and other initiatives will enable us to consistently
pursue the continuation of profitable and sustainable growth."

Hawesko Holding AG is a leading supplier of premium wines and champagnes. In
fiscal year 2011, the Group achieved sales of € 411 million and employed 750
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- and
Sekt-Kontor). 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 complete 2012 annual report and accounts will be published on 7 May 2013.

Publisher: Hawesko Holding AG
20247 Hamburg

Internet: (Company information) (Online shop) (Jacques' Wein-Depot information and online shop) (Spanish wines sold through Wein & Vinos) (Online shop with outstanding Bordeaux wines of
older vintages)

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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