21.04.2022 Hawesko Holding AG  DE0006042708

DGAP-News: Hawesko Holding AG: Hawesko Group with strong results in 2021


DGAP-News: Hawesko Holding AG / Key word(s): Annual Report/Forecast
Hawesko Holding AG: Hawesko Group with strong results in 2021

21.04.2022 / 10:00
The issuer is solely responsible for the content of this announcement.

  • 10 percent increase in sales to € 680.5 million in 2021
  • EBIT 2021 increased by 26 percent to € 53.1 million
  • Increased dividend of € 2.50 per share proposed
Hamburg, 21 April 2022. The Board of Management of the wine trading group Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) presented the exceptionally strong results for the 2021 financial year and developments in the first quarter of 2022 at today's annual press conference.
The Chairman of the Board of Management of the Hawesko Group, Thorsten Hermelink, commented, "In the last financial year 2021, we were able to achieve historic record and best figures in terms of sales and above all earnings, but also with Corona-related special effects that will not simply be repeated in this way. However, our current sales figures show that we have developed a sustainably more significant e-commerce business during the pandemic years and that we remain at a higher level of sales and earnings than before the pandemic. With its broad and diversified positioning, the Hawesko Group's business model can adapt flexibly to changing market developments. It has impressively confirmed this both during the period of month-long lockdowns in the past two years and now in the post-Corona period."

In fiscal year 2021, consolidated revenues increased by 9.7 percent to € 680.5 million, while consolidated operating profit (EBIT) grew by 25.8 percent to € 53.1 million. E-commerce was the biggest growth driver, but the Retail and B2B segments also contributed significantly to the success. In the E-Commerce segment, revenues increased by 17 percent to € 268.9 million. EBIT here grew disproportionately to € 31.4 million. The Retail segment recorded a 4.7 percent increase in revenue to € 238.4 million. The segment's operating profit (EBIT) rose from € 24.3 million in the previous year to € 26.1 million in the year under review. The B2B segment was also affected by corona-related restrictions in 2021. Nevertheless, segment sales of € 173.2 million were up 6.8 percent on the previous year. Segment EBIT grew to € 4.8 million. Holding and central costs amounted to € 9.2 million (previous year: € 7.7 million).

Consolidated net income after taxes and non-controlling interests amounted to € 33.6 million (previous year: € 23.8 million). This corresponds to € 3.74 per share (previous year: € 2.65). The equity ratio increased to 30.3 percent (previous year: 27.4 percent).

In the first quarter of 2022, as expected, the lockdown-related special effects of the prior-year quarter are no longer present in the purchasing behavior of customers. According to provisional calculations, the Hawesko Group's sales declined by around 6 percent to around EUR 150 million in the first quarter of 2022. Lower demand in the B2C formats compared with the lockdown - also due to the shift in Easter business to April - is partly offset by increased sales from the lower-margin B2B business. At around € 9 million, EBIT in the same period is approximately € 6 million below the record result for the first quarter of 2021, mainly due to this mix effect and higher advertising costs for new customers than in the lockdown. However, compared to the pre-Corona years, the Group's overall revenues and earnings are at a significantly higher level and this is the case in all segments. Overall, the Board of Management of the Hawesko Group anticipates a slight decline in sales of between minus one and minus six percent in 2022 compared with the 2021 corona year. In terms of earnings, a slightly reduced return is expected with an EBIT margin of between 6.0 and 7.0 percent.

In good core health, the Hawesko Group is well equipped to meet the current challenges. It is planned to propose to the Annual General Meeting an increase in the dividend for the 2021 financial year of 25%, or € 0.50. The dividend will be paid out in cash.  This proposal is divided into a basic dividend of € 1.90 per share (PY € 1.60), and a special dividend of € 0.60 per share due to the exceptional earnings growth resulting from the pandemic.

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As a leading trading group for high-quality wines, champagnes and spirits, the Hawesko Group achieved sales of  € 681 million and EBIT of € 53 million in 2021. The Hawesko Group employs around 1,200 people across the Retail (Jacques' and Wein & Co.), B2B (especially Wein Wolf, Abayan and Grand Cru Select) and e-commerce (especially HAWESKO, Vinos and WirWinzer) segments. The shares in Hawesko Holding AG are listed on the Hanseatic Stock Exchange, Hamburg, and in the Prime Standard segment of the Frankfurt Stock Exchange.

Hawesko Holding AG
Grosse Elbstrass 145 d
22767 Hamburg

hawesko-holding.com         Corporate information
hawesko.de                         Extensive range for wine connoisseurs
jacques.de                           Jacques' locations and online offerings
weinco.at                             Austria's leading specialist wine dealer
vinos.de                               The best wines from Spain
wirwinzer.de                        German wines directly from the producers
tesdorpf.de                          Traditional fine wine trader
weinart.de                            Rarities and top wines from around the world
the-wine-company.se         Excellent wines for Sweden
enzo.de                                Italian wines and lifestyles
globalwine.ch                      Premium portfolio for highest quality demands
weinwolf.de                         International wine variety
cwdwein.de                         Wine individuality in the premium segment
volume-spirits.de                 Exquisite spirits portfolio
abayan.de                            Top wines from Italy

Press and Investor Relations contact:

Tel.  (+49) 40 3039 2100
Tel.  (+49) 40 3039 2105
E-mail: [email protected]

21.04.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Hawesko Holding AG
Große Elbstraße 145 d
22767 Hamburg
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: 1331435

End of News DGAP News Service

1331435  21.04.2022 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 480,93 506,99 524,30 556,01 620,27 680,53 653,00
EBITDA1,2 37,02 38,57 36,24 50,63 65,57 75,21 66,00
EBITDA-Marge3 7,70 7,61 6,91 9,11 10,57 11,05 10,11
EBIT1,4 29,62 30,42 27,70 29,15 42,15 53,08 42,40
EBIT-Marge5 6,16 6,00 5,28 5,24 6,80 7,80 6,49
Jahresüberschuss1 19,43 19,17 22,90 16,25 24,19 34,25 28,00
Netto-Marge6 4,04 3,78 4,37 2,92 3,90 5,03 4,29
Cashflow1,7 28,85 13,79 26,08 33,60 81,03 49,00 0,00
Ergebnis je Aktie8 2,06 2,06 2,45 1,76 2,65 3,74 3,05
Dividende8 1,30 1,30 1,30 1,75 2,00 2,50 2,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

Hawesko Holding
WKN Kurs in € Einschätzung Börsenwert in Mio. €
604270 45,100 Kaufen 405,15
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
12,70 21,14 0,59 20,34
3,75 8,27 0,60 4,95
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
2,00 2,50 5,54 14.06.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
11.05.2022 10.08.2022 10.11.2022 21.04.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-10,30% -14,68% -14,91% -21,97%
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Handel , 604270 , HAW , XETR:HAW