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Hawesko Holding SE: The Hawesko Group announces preliminary results for the second quarter and lowers its outlook for the full year 2025
Hawesko Holding SE: The Hawesko Group announces preliminary results for the second quarter and lowers its outlook for the full year
About this update from Hawesko Holding Se
[{"type":"text","content":"\nEQS-Ad-hoc: Hawesko Holding SE / Key word(s): Change in Forecast\n\nHawesko Holding SE: The Hawesko Group announces preliminary results for the second quarter and lowers its outlook for the full year 2025 \n21-Jul-2025 / 17:30 CET/CEST\n\nDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group.\n\nThe issuer is solely responsible for the content of this announcement.AD-HOC MITTEILUNG\n\naccording to Article 17 MARThe Hawesko Group announces preliminary results for the second quarter and lowers its outlook for the full year 2025\n\nHamburg, July 21, 2025 - Based on the unaudited preliminary results, the sales and earnings performance of the wine trading group Hawesko Holding SE (HAW, HAWG.DE, DE0006042708) in the second quarter of 2025 (April 1, 2025 to June 30, 2025) is below expectations: Sales revenue fell by 1% and adjusted EBIT decreased by € 2 million compared to the previous year. In the current overall environment, cumulative sales of around € 285 million and adjusted EBIT of around € 6 million are therefore expected for the first half of 2025. Both figures are below the comparable figures from 2024.\n\nAccording to the Executive Board, the market environment will remain challenging in the third quarter and no positive impetus will become apparent, meaning that an improvement is unlikely to occur until Christmas business at the earliest. Against this backdrop, the Executive Board has adjusted its expectations for the 2025 financial year. At the same time, an internal program was initiated to counteract this, which includes measures to stimulate sales, increase profitability and accelerate the implementation of the strategy\n\nHawesko Holding SE anticipates a year-on-year decline in sales of 1% to 3% for the 2025 financial year (previously: previous year or slightly above previous year). Following the adjustment, operating EBIT is forecast to be in the range of € 27 to 30 million (previously: € 31 to 34 million), while the expectations for free cash flow and ROCE are estimated to be in the range of € 10 to 15 million (previously: € 14 to 20 million) and 10% to 13% (previously: 11% to 14%) respectively.\n\nA detailed analysis and the interim financial statements will be published on August 7, 2025 in the half-year report as at June 30,...