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Hawesko Holding AG annual general shareholders' meeting: business performance within expectations

June 16, 2014

HAWESKO Holding AG / Hawesko Holding AG annual general shareholders' meeting: business performance within expectations . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement. Hamburg, 16 June 2014. In the first five months of the current fiscal year 2014 (1.1.-31.5.), the business performance of the wine trading group Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) was within the expectations of the management board. CEO Alexander Margaritoff announced the news at the company's annual general meeting of shareholders today. For the full fiscal year 2014, the management board still expects an increase in sales of 1-2% overall compared to the previous year's figure (€ 465 million) and a proportionately higher increase in EBIT to € 27-28 million (previous year: € 22.6 million), "and thus a new record for the result", as Margaritoff added. In addition to the elections to the supervisory board and the formalities, the agenda of the annual general shareholders' meeting included the proposal to pay a dividend for fiscal year 2013 at the previous year's level, namely € 1.65 per share. The dividend is payable from 17 June 2014. Changes in the composition of the organizational bodies were also on the agenda. Dr. Johann Christian Jacobs was elected to the supervisory board. Dr. Jacobs is an attorney and active as an investor in a number of different companies. Professor Dr. Franz JÜrgen SÄcker did not stand for re-election and thus stepped down from the supervisory board at the end of the annual general meeting. The appointment of Alexander Borwitzky to the management board as of 1 January 2015 was also announced. He will succeed Bernd Hoolmans, who is retiring in 2015. Mr. Borwitzky has been the Managing Director fÜr Marketing, Sales and IT at Jacques' Wein-Depot since January 2013. Prior to that, he held various management positions in international retail groups over the past 20 years. Hawesko Holding AG is a leading supplier of premium wines and champagnes. In fiscal year 2013, the Group achieved sales of € 465 million and employed 925 persons in the company's three sales channels: specialty retail (Jacques' Wein- Depot), wholesale operations (Wein Wolf and CWD Champagner- und Wein- Distributionsgesellschaft) and mail order (especially Hanseatisches Wein- and Sekt-Kontor and Wein & Vinos). The shares of Hawesko Holding AG are listed on the Hanseatic Stock Exchange in Hamburg as well as in the SDAX small-cap index of the Frankfurt Stock Exchange. #          #          # Publisher: Hawesko Holding AG, 20247 Hamburg Internet: http://www.hawesko-holding.com (Company information) http://www.hawesko.de  (Online shop in German) http://www.jacques.de  (Jacques' Wein-Depot locations and online shop, in German) http://www.vinos.de (Spanish wines sold through Wein & Vinos  in German) Press/Media Contact and Investor Relations: Thomas Hutchinson, Hawesko Holding AG Phone +49 (0)40 30 39 21 00 Fax +49 (0)40 30 39 21 05 E-mail: ir@hawesko-holding.com This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: HAWESKO Holding AG via GlobeNewswire [HUG#1793692]


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