Hawesko plans to pay a dividend of EUR 1.60 per share
HAWESKO Holding AG / Hawesko plans to pay a dividend of EUR 1.60 per share . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.
- Ninth consecutive rise in the ordinary dividend
- Best results ever for sales and EBIT in 2011
- Final accounts confirm preliminary figures
Hamburg, 23 March 2012. The wine trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) will raise its regular dividend for the past 2011 fiscal year to EUR 1.60 per share (previous year: EUR 1.50); last year, as a result of an extraordinary gain, an additional bonus of EUR 0.25 per share had been paid. At its meeting today, the supervisory board of the company approved the corresponding dividend proposal of the management board which will be put to a vote of the annual general meeting on 18 June 2012. With the proposed rise of 7% the ordinary dividend will be raised for the ninth consecutive time since 2002. A total of EUR 14.4 million will be paid out to the shareholders from the tax contribution account (previous year: EUR 13.5 million plus EUR 2.2 million bonus). For most private investors domiciled in Germany the dividend will be tax-free.
Furthermore, the supervisory board reviewed, discussed and approved the annual and consolidated financial statements for fiscal year 2011; the annual financial statements of the parent company were officially approved. As previously announced, Group sales in 2011 (1 January to 31 December) rose by 8.9% to EUR 411.4 million (previous year: EUR 377.7 million). The final approved accounts show a result from operations (EBIT) of EUR 26.7 million (previous year: EUR 25.7 million). This is once again the best result in the company's history. Consolidated net income after deductions for taxes and non-controlling interests amounted to EUR 17.9 million or EUR 1.99 per share in 2011 (previous year: adjusted for the non-recurring gain, EUR 16.7 million or EUR 1.88 per share; including the extraordinary gain these figures were EUR 20.0 million or EUR 2.24 per share). The consolidated balance sheet total amounted to EUR 217.1 million, and the equity ratio was 44% (previous year: EUR 201.8 million and 46%). The free cash flow (cash flow from current operations minus investments and interest paid out) amounted to EUR 12.3 million or EUR 1.37 per share. In the previous year it amounted to EUR 23.8 million or EUR 2.67 per share including the extraordinary gain; on a comparable basis - i.e. excluding the extraordinary gain - to EUR 16.5 million or EUR 1.85 per share.
The management board will present details of the complete fiscal year 2011 as well as the business performance in the first three months of the current fiscal year 2012 at the annual press conference of Hawesko Holding AG on 10 May 2012.
Hawesko Holding AG is a leading supplier of premium wines and champagnes. In fiscal year 2011, the Group achieved sales of EUR 411 million and employed 750 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). 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 complete 2011 annual report and accounts will be presented on 10 May 2012.
Hawesko Holding AG, 20247 Hamburg
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 (Wein & Vinos online shop with Spanish wines)
http://www.chateauclassic.com (Online shop with outstanding Bordeaux wines of older vintages)
Vera Maria Bau, VMB Consulting
Phone: +49 (0)228 4496 406
Fax: +49 (0)228 4496 9406
Thomas Hutchinson, Hawesko Holding AG
Phone: +49 (0)40 30 39 21 00
Fax: +49 (0)40 30 39 21 05
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: HAWESKO Holding AG via Thomson Reuters ONE
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HAWESKO Holding AG
Postfach Hamburg Deutschland
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;
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