ots Ad hoc-Service: HAWESKO Holding AG <DE0006042708> Hawesko Q3
Hamburg (ots Ad hoc-Service) -
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Wine trader Hawesko in third quarter with double-digit growth in spite of weaker demand in mail-order Forecast 2000 revised downwards to DM 450 million - For 2001 further growth and significant earnings increase expected
The wine trading group Hawesko Holding AG (HAWG.F, 604270) was able to expand its business in the traditionally weak third quarter of fiscal year 2000, but had to take a loss for the quarter because of start-up costs for new activities and a marked restraint in consumer buying habits in the mail-order wine market. Upon publication of its nine-month interim report (at 30 September) the group announced that its sales in the third quarter (1 July bis 30 September) increased by 28% overall. Adjusted for the Wein-Wolf Group, consolidated from 2 September 1999, growth came to 15%. The operating result (EBIT) of the group amounted to DM -4.9 million (Q3 1999: DM 1.0 million). In view of the course of business in the third quarter, the board of management has revised its sales forecast for fiscal 2000 from DM 470 million down to DM 450 million and also announced that it believes the current expectations of the capital markets for this year's earnings can not be fulfilled. For fiscal year 2001, on the other hand, sales growth of 10% and a higher increase in earnings is expected. The complete nine-month report can be found on the Internet at www.hawesko.com/.
Herausgeber / 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
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