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Hawesko raises dividend by 12.5% to € 1.35 per share
(March 26, 2010) * Tax-free distribution Hamburg, 26 March 2010. The wine trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) expects to increase the dividend from €1.20 in the previous year to €1.35 per share for fiscal year 2009. At its meeting yesterday, the supervisory board of the company approved the corresponding dividend proposal of the management board, which will be put to a vote at the annual general meeting on 14 June 2010. The proposed increase in the dividend corresponds to a rise of 12.5%: a total of € 11.9 million from the contribution account for tax purposes is to be distributed to the shareholders (previous year: € 10.6 million). For most private investors domiciled in Germany the distribution will remain tax-free. Furthermore, the supervisory board reviewed, discussed and ratified the parent-company and consolidated financial statements for fiscal year 2009; thus the annual financial statements were approved. As previously reported, Group sales in 2009 (1 January to 31 December) amounted to € 338.5 million and thus remained at the previous year's level (€ 338.8 million). The final consolidated financial statement posts the operating result (EBIT) at € 22.4 million (previous year: € 25.5 million). This was the second-best result in the history of the company. Consolidated net profit after deductions for taxes and minority interests amounted to € 13.1 million and € 1.48 per share in 2009; adjusted for a non-recurring expenditure in the financial result, it would have reached the level of the previous year (€ 14.6 million and € 1.67 per share). The consolidated balance sheet total was € 173.6 million, while the equity ratio rose to 47% (previous year: € 170.1 million and 45%). Free cash flow (cash flow from ongoing business activities minus investments and interest paid out) rose to € 20.8 million in 2009 (previous year: € 17.5 million), the highest level in the history of the company up to now. The management board will give a detailed presentation of the results of fiscal year 2009 as well as the figures for the first three months of the current fiscal year on 6 May 2010 at the annual press conference of Hawesko Holding AG. Hawesko Holding AG is a leading supplier of premium wines and champagnes. In fiscal year 2009 the Group achieved sales of € 339 million through its three sales channels - specialist wine retail (Jacques' Wein-Depot), wholesale (Wein Wolf and CWD Champagner und Wein Distributionsgesellschaft) and mail order (in particular Hanseatisches Wein- und Sekt-Kontor), and employed 657 people. The shares of Hawesko Holding AG are listed on the Hanseatic Stock Exchange in Hamburg as well as in the GEX of the Frankfurt Stock Exchange. Published by: Internet: Press/Media: Investor Relations:
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