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Hawesko Holding AG is expecting record sales and earnings for 2020 on the back of surprisingly good Christmas business, the company has announced.
In November the European Board of Management had already forecast a result of around 33 million euros. It now anticipates 39 to 42 million euros. Last year, total earnings were still at 9.1 million euros. Therefore, the board of directors expects the annual turnover of the wine trading group with its companies in Germany, Austria, Switzerland and Sweden to exceed 600 million euro for the first time in 2020. In 2019, it stood at around 556 million euros.
The shift of sales to trade with end customers as well as e-commerce, which was caused by the Corona pandemic, had been able to "significantly overcompensate" the almost complete loss of gastronomy sales.
(uka / Screenshot: Hawesko)