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ots Ad hoc-Service: HAWESKO Holding AG <DE0006042708> Wine trading group Hawesko continues to expand business in the 2nd Quarter

Hamburg (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
Wine trading group Hawesko continues to expand business in the 2nd
Quarter - Jacques Wein-Depot posts double-digit growth rates in sales
and revenues - Start-up Costs in Premium Segment, in Austria and in
E- commerce
The wine trading group Hawesko Holding AG (HAWG.F, 604270) continued
to expand its business in the second quarter. Upon publication of its
six-month report (at 30 June), the Group announced that its sales in
the second quarter (1 April to 30 June) increased by 43% overall.
Adjusted for the newly acquired Wein Wolf Group, growth amounts to
13%. The operating result (EBIT) of the group amounted to DM 1.3
million in the second quarter, 72% below the figure for the same
period in the previous year. The second-quarter result was
significantly influenced by the 17% increase in both sales and
revenues in the specialist retail division (Jacques Wein-Depot) on
the one hand, and start-up costs in the premium wine mail order
segment (Carl Tesdorpf -Weinhandel zu Lübeck) as well as for the
entry in the Austrian market and the development of online wine sales
on the other. Net profit for the second quarter 2000 was slightly
positive (previous year: DM 1.7 million). In the first six months of
fiscal year 2000, Group sales rose by 31% to DM 185.8 million;
adjusted for the acquisition of the Wein Wolf Group, by 3%. The Group
operating result (EBIT) in the same period amounted to DM 4.0
million, 67% below the figure for the previous year. In addition to
the above-mentioned investment expenditures for the mail order
segment, the "hangover" prevailing in the first quarter - after the
high sales at the millennium - made itself felt. The complete
six-month report can be found on the Internet at www.hawesko.com.
Publisher: Hawesko Holding AG, Postfach 20 15 52,
20205 Hamburg, Internet www.hawesko.com, Investor Relations:Thomas
Hutchinson, Hawesko Holding AG, Tel. +49 (0)40 30 39 21 00, Fax +49
(0)40 30 39 21 05
End
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