Hawesko Group Reports Solid Half-Year Performance Despite Market Challenges

Hamburg, August 9, 2024. The wine trading group Hawesko Holding SE published its half-year financial report, revealing sales of €294 million, down from €310 million last year. Operating EBIT was €9.9 million, compared to €13.4 million in the previous year. The company cited a challenging market and weak consumer environment as key factors.

Stronger gross margins helped offset rising costs. Temporary higher logistics costs due to investments at the Tornesch location also impacted results. The company achieved an operating EBIT margin of 3.4% against 4.3% last year.

The Board of Management continues to focus on stabilizing sales, maintaining strict cost discipline, and restructuring Wein & Co. for better performance. Despite these efforts, market conditions are expected to remain challenging in the second half of 2024.

Hawesko Group employs around 1,300 people across various segments, including Retail, B2B, and e-commerce. Its shares are listed on the Hamburg and Frankfurt Stock Exchanges.