Hawesko Group with record result

The wine trading group reports an increased demand in e-commerce and retail.

Hawesko CEO Thorsten Hermelink: "Expanding our market position as Europe’s leading wine trading group" / Credit: Hawesko - Christian Mai
Hawesko CEO Thorsten Hermelink: "Expanding our market position as Europe’s leading wine trading group" / Credit: Hawesko - Christian Mai

Based on preliminary figures, the wine trading group Hawesko Holding achieved consolidated sales of € 620 million in the 2020 financial year. As the company reports this corresponds to a 12% increase in sales compared with the previous year. The wine trading group expects consolidated EBIT to increase to around € 42 million, significantly exceeding the previous year’s figure of € 29.1 million.

The sales growth results in particular from increased demand in the B2C segments e-commerce and retail. Both segments benefited from closures in the hospitality industry due to the pandemic. The e-commerce segment grew by 29% year-on-year in 2020. The retail segment achieved revenue growth of 12% in the same period. Both segments also experienced a very high level of demand during the Christmas season. 

Adjusted for the sale of the subsidiary Vogel Vins in June 2020, the B2B segment recorded a decline in sales of -5%. Declining sales to the food service and hotel industries were almost offset by increased demand in other sales channels.

“The entire Hawesko Group team has shown tremendous commitment in 2020, focusing on our customers and the business in these special times,” said Hawesko CEO Thorsten Hermelink. “We look forward to continuing to inspire our customers and the many new customers we have, and to expanding our market position as Europe’s leading wine trading group.”
 

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