DGAP-News: Hawesko Group: Growth trend continued in Q3
DGAP-News: Hawesko Holding AG
/ Key word(s): Quarter Results
Hawesko Group: Growth trend continued in Q3 Hamburg, 7 November 2019 Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) today published its report on the third quarter and the first nine months of fiscal year 2019. "With an increase in sales of 9.5% over the previous year we are on course for growth in the third quarter as well. Moreover, with the relocation of the B2B warehouse to a logistically more advantageous site, we've successfully implemented an important component of our strategy. That required a good deal of effort, but it has laid the foundation for our future growth," said Thorsten Hermelink, chief executive officer of the Hawesko Group in Hamburg. In the third quarter of 2019, consolidated sales rose to EUR 118.5 million thanks to the growth in the Retail and E-commerce segments (same quarter in the previous year: EUR 108.3 million). Sales in the Retail brand unit (Jacques' Wein-Depot and Wein & Co.) rose by 26.0% to EUR 44.4 million. Jacques' posted growth of 4.1%. The E-commerce brand unit achieved sales of EUR 36.4 million, corresponding to an increase of 3.8%. Due to delays in the start-up of the new logistics warehouse, B2B sales at EUR 37.7 million did not quite reach the previous year's quarterly figure (EUR 37.9 million). The consolidated result of operations (EBIT) amounted to EUR 0.5 million in the third quarter of 2019, slightly below the EBIT of EUR 0.8 million in the previous year, due primarily to non-recurring costs of EUR 1.8 million in conjunction with the relocation of the B2B warehouse. The management board expects positive one-off effects in the fourth quarter which will compensate for the one-off charges totalling EUR 2.5 million incurred in the second and third quarters for the relocation. For the full year 2019, the management board continues to expect an increase in consolidated sales including Wein & Co. of between 7-9% compared to 2018, as well as an EBIT margin between 5.0-5.7% (previous year: 5.3%). # # # The full nine-month report to 30 September 2019 can be downloaded at Publisher: Hawesko Holding AG Internet: hawesko-holding.com (Company information) Press and Investor Relations contact:
07.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Hawesko Holding AG |
Große Elbstraße 145 d | |
22767 Hamburg | |
Germany | |
Phone: | +49 40 30 39 2100 |
Fax: | +49 40 30 39 2105 |
E-mail: | [email protected] |
Internet: | www.hawesko-holding.com |
ISIN: | DE0006042708 |
WKN: | 604270 |
Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Tradegate Exchange |
EQS News ID: | 906879 |
End of News | DGAP News Service |
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906879 07.11.2019