Press Release: Hawesko will maintain dividend level and pay EUR1.65 per share

Hawesko Holding AG / Hawesko will maintain dividend level and pay EUR 1.65 per share . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Hamburg, 28 March 2014. The wine trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) expects to maintain the dividend payment for fiscal year 2013 at the previous year's level of EUR 1.65 per share. At its meeting yesterday, the supervisory board of the company approved the corresponding dividend proposal of the management board on which the annual general meeting will vote on 16 June 2014. This proposal means that the ordinary dividend will be raised or maintained for the eleventh consecutive year since 2002. A total of EUR 14.8 million will be paid out to the shareholders (unchanged from the previous year).

Furthermore, the supervisory board examined, discussed and ratified the annual and consolidated financial statements for fiscal year 2013; the annual financial statements were approved. The final consolidated accounts show an increase of 4.2% in Group sales in 2013 (1 January to 31 December) to EUR 465.2 million (previous year: EUR 446.4 million). The result from operations (EBIT) amounts to EUR 22.6 million (previous year: EUR 25.6 million); adjusted for the influence of the subsidiary Château Classic, which is no longer to be included in the Hawesko Group, EBIT would be just above the level of the previous year. Consolidated net income after deductions for taxes and non-controlling interests amounted to EUR 16.2 million or EUR 1.80 per share in 2013 (previous year: EUR 22.5 million or EUR 2.51 per share). Adjusted for a revaluation in accordance with IAS 39 and the adjustment of a variable purchase price component, consolidated net income amounted to EUR 12.7 million or EUR 1.41 per share; the corresponding values in the previous year were EUR 17.9 million or EUR 1.99 per share. Total assets amount to EUR 234.3 million, following EUR 235.9 million on the previous year's closing date. The free cash flow (total of cash flows from current operations and investing activities less interest paid) comes to EUR 22.7 million or EUR 2.52 per share. In the previous year, due to an acquisition, it amounted to EUR -8.9 million; adjusted for this extraordinary item it amounted to EUR 11.1 million or EUR 1.23 per share.

The management board will present details of the results of fiscal year 2013 as well as the business performance in the first three months of the current fiscal year 2014 at the annual press conference of Hawesko Holding AG on 15 May 2014.

Hawesko Holding AG is a leading supplier of premium wines and champagnes. In fiscal year 2013, the Group achieved sales of EUR 465 million and employed 925 persons in the company's three sales channels: specialty retail (Jacques' Wein-Depot), wholesale operations (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and mail order (especially Hanseatisches Wein- and Sekt-Kontor and Wein & Vinos). The shares of Hawesko Holding AG are listed on the Hanseatic Stock Exchange in Hamburg as well as in the SDAX small-cap index of the Frankfurt Stock Exchange.

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The application of IFRS 11 resulted in a difference in the sales (EUR 446.4 million) and EBIT (EUR 25.6 million) reported for the previous year compared to the originally reported sales (EUR 448.6 million) and originally reported EBIT (EUR 26.1 million).

The complete 2013 annual report and accounts will be presented on 15 May 2014.

Publisher:

Hawesko Holding AG, 20247 Hamburg

Internet:

http://www.hawesko-holding.com (Company information)

http://www.hawesko.de (Online shop)

http://www.jacques.de (Jacques' Wein-Depot information and online shop)

http://www.vinos.de (Spanish wines sold through Wein & Vinos)

Press/Media Contact and Investor Relations:

Thomas Hutchinson, Hawesko Holding AG

Phone: +49 (0)40 30 39 21 00

Fax: +49 (0)40 30 39 21 05

E-mail: ir@hawesko-holding.com

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: HAWESKO Holding AG via Globenewswire

HUG#1772422

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HAWESKO Holding AG

Plan 5 Hamburg Germany

WKN: 604270;ISIN: DE0006042708;Index:GEX,CLASSIC All Share,SDAX,Prime All Share,CDAX;

Listed: Freiverkehr in Börse Stuttgart,

Freiverkehr in Börse Berlin,

Freiverkehr in Börse Düsseldorf,

Freiverkehr in Bayerische Börse München,

Freiverkehr in Niedersächsische Börse zu Hannover,

Prime Standard in Frankfurter Wertpapierbörse,

Regulierter Markt in Frankfurter Wertpapierbörse,

Regulierter Markt in Hanseatische Wertpapierbörse zu Hamburg;

(END) Dow Jones Newswires

   March 28, 2014 03:01 ET (07:01 GMT)- - 03 01 AM EDT 03-28-14