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ots Ad hoc-Service: HAWESKO Holding AG <DE0006042708> Hawesko Q3

Hamburg (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
Wine trader Hawesko in third quarter with double-digit growth in
spite of weaker demand in mail-order Forecast 2000 revised downwards
to DM 450 million - For 2001 further growth and significant earnings
increase expected
The wine trading group Hawesko Holding AG (HAWG.F, 604270) was
able to expand its business in the traditionally weak third quarter
of fiscal year 2000, but had to take a loss for the quarter because
of start-up costs for new activities and a marked restraint in
consumer buying habits in the mail-order wine market. Upon
publication of its nine-month interim report (at 30 September) the
group announced that its sales in the third quarter (1 July bis 30
September) increased by 28% overall. Adjusted for the Wein-Wolf
Group, consolidated from 2 September 1999, growth came to 15%. The
operating result (EBIT) of the group amounted to DM -4.9 million (Q3
1999: DM 1.0 million). In view of the course of business in the third
quarter, the board of management has revised its sales forecast for
fiscal 2000 from DM 470 million down to DM 450 million and also
announced that it believes the current expectations of the capital
markets for this year's earnings can not be fulfilled. For fiscal
year 2001, on the other hand, sales growth of 10% and a higher
increase in earnings is expected. The complete nine-month report can
be found on the Internet at www.hawesko.com/.
Herausgeber / 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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