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At its annual press conference in Hamburg, the wine trading group Hawesko AG confirmed its forecast sales revenue of Euro 524 million for 2018. The turnover was thus 3.4 per cent higher than in 2017, explained Thorsten Hermelink, Chairman of the Board of Management. This is all the more positive, he said, since the wine retail market has stagnated for the fifth year in succession. According to the figures, the operating result (Ebit) was around 28 million euros. The most important reason for the increase was the takeover of the Austrian chain store Wein & Co.
The Jacques' Weindepot and Wein & Co. retail chains were particularly successful last year. Together they recorded a plus of 13 percent and achieved sales of 172 million euros. Despite "uneven development" and "continuing uncertainty about developments in the market as a whole", the Management Board expects the Group's sales to grow by seven to nine percent in 2019.
(uka)