HAWESKO Holding AG

ots Ad hoc-Service: HAWESKO Holding AG Wine trading group Hawesko continues to expand business in the 2nd Quarter

The sender is solely responsible for the contents of this announcement. --------------------------------------------------------- Hamburg (ots Ad hoc-Service) - Wine trading group Hawesko continues to expand business in the 2nd Quarter - Jacques Wein-Depot posts double-digit growth rates in sales and revenues - Start-up Costs in Premium Segment, in Austria and in E- commerce The wine trading group Hawesko Holding AG (HAWG.F, 604270) continued to expand its business in the second quarter. Upon publication of its six-month report (at 30 June), the Group announced that its sales in the second quarter (1 April to 30 June) increased by 43% overall. Adjusted for the newly acquired Wein Wolf Group, growth amounts to 13%. The operating result (EBIT) of the group amounted to DM 1.3 million in the second quarter, 72% below the figure for the same period in the previous year. The second-quarter result was significantly influenced by the 17% increase in both sales and revenues in the specialist retail division (Jacques Wein-Depot) on the one hand, and start-up costs in the premium wine mail order segment (Carl Tesdorpf -Weinhandel zu Lübeck) as well as for the entry in the Austrian market and the development of online wine sales on the other. Net profit for the second quarter 2000 was slightly positive (previous year: DM 1.7 million). In the first six months of fiscal year 2000, Group sales rose by 31% to DM 185.8 million; adjusted for the acquisition of the Wein Wolf Group, by 3%. The Group operating result (EBIT) in the same period amounted to DM 4.0 million, 67% below the figure for the previous year. In addition to the above-mentioned investment expenditures for the mail order segment, the "hangover" prevailing in the first quarter - after the high sales at the millennium - made itself felt. The complete six-month report can be found on the Internet at www.hawesko.com. Publisher: Hawesko Holding AG, Postfach 20 15 52, 20205 Hamburg, Internet www.hawesko.com, Investor Relations:Thomas Hutchinson, Hawesko Holding AG, Tel. +49 (0)40 30 39 21 00, Fax +49 (0)40 30 39 21 05 End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: HAWESKO Holding AG, übermittelt durch news aktuell

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