Hawesko Holding SE: Hawesko Group with solid business performance at half-year

EQS-News: Hawesko Holding SE / Key word(s): Half Year Report/Half Year Results Hawesko Holding SE: Hawesko Group with solid business performance at half-year 09.08.2024 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. PRESS RELEASE

Hawesko Group with solid business performance at half-year

Hamburg, August 9, 2024. The wine trading group Hawesko Holding SE (HAW, HAWG.DE, DE0006042708) today published its half-year financial report 2024 including the figures for the second quarter (April 1 to June 30). With sales of € 294 million (previous year: € 310 million) and an operating EBIT of € 9.9 million (previous year: € 13.4 million) for the first half of the year, the business remains almost 5% below the previous year's level in a challenging market situation and is therefore unable to escape the weak consumer environment.

Stronger gross margins compared to the previous year partially compensated for the recent steady rise in costs. As expected, in addition to weaker sales, temporarily higher unit costs in logistics during the commissioning of the expansion investment at the Tornesch location had a negative impact. Overall, the Hawesko Group thus achieved an operating EBIT margin of 3.4% at the half-year mark (previous year: 4.3%).

In order to operate successfully in this difficult market environment, the three main priorities set by the Board of Management of the Hawesko Group will continue to be pursued with great attention: Stabilization and strengthening of sales performance, continuation of strict cost discipline as well as consistent restructuring at Wein & Co. and completion of the stabilization phase in logistics. The underlying, comprehensive structural measures already had a positive impact on the development of the Hawesko Group in the second quarter of 2024 and are expected to continue to strengthen the business performance.

For the second half of 2024, the Board of Management of the Hawesko Group expects persistently challenging market conditions and little economic tailwind. The Board of Management therefore continues to expect sales and operating EBIT in 2024 to at least match the previous year's figures.