sur Hawesko Holding AG (ETR:HAW)
Hawesko Group Demonstrates Resilience Amid Challenging Market Dynamics in 2024
Hawesko Group, a leader in wine and spirits trading, maintained stability in 2024 despite a contracting wine market. The company reported sales of €639 million, a slight decrease of 2% from the prior year. Retail sales grew modestly, while e-commerce and B2B experienced minor declines. The group's strategic cost management led to an increased operating EBITDA of €58.1 million.
CEO Thorsten Hermelink emphasized the group's solid financial health and commitment to market expansion. Innovations in e-commerce and a successful retail segment were highlighted. Looking forward to 2025, the board foresees continued challenges but expects a modest sales growth of up to 2%.
The first quarter of 2025 indicates ongoing market pressures and a slight sales dip due to a late Easter holiday. Nonetheless, the group remains agile, focusing on targeted advertising and product innovations.
R. H.
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