Hawesko Holding SE Records Solid Business Performance in First Half of 2023
Positive Financial Results Amidst Challenging Market Conditions
Hamburg, Germany - August 10, 2023 - Hawesko Holding SE (HAW), a leading German wine and spirits retailer, has released its financial results for the first half of 2023, showcasing solid business development despite ongoing market challenges.
Key Financial Highlights
Hawesko Group reported a stable financial performance, with group revenue reaching EUR 563.1 million. This represents a marginal increase compared to the previous year's first half, which saw revenue of EUR 562.7 million.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to EUR 22.4 million, slightly below the EUR 24.5 million recorded in the first half of 2022. This decline is primarily attributed to increased costs and expenses, particularly in logistics and personnel.
Consolidated net income decreased from EUR 11.5 million in the first half of 2022 to EUR 8.2 million in the same period this year. This reduction was driven by the combined impact of lower EBITDA and higher financial expenses.
Outlook and Strategy
Despite the current economic headwinds, Hawesko remains optimistic about the future and maintains its strategic focus on organic growth, digitalization, and sustainability. The company expects to see continued growth in its core markets and is actively seeking opportunities to expand its business.
Torsten Toepfer, CEO of Hawesko Holding SE, said, "We are pleased with our solid first-half performance, which demonstrates the resilience of our business model. We are confident in our strategy and will continue to invest in our core markets, digital capabilities, and sustainability initiatives to drive future growth."
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