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The Hamburg-based wine trading group Hawesko Holding AG has increased its profits in the first half of 2020 by around 50 per cent to 13.1 million euros. In the same period of the previous year, the figure was Euro 8.8 million. According to the preliminary figures of the group, sales will increase by 8.5 per cent to EUR 277.6 million. In the same period of the previous year it was Euro 255.8 million.
According to an announcement by the company, the Hawesko Group has benefited from "enormous growth in sales and earnings in the e-commerce segment, as well as from strong business in the retail sector in Germany". The contact restrictions to contain the Corona pandemic and the closures of the gastronomy sector had "shifted the stockpiling of wine and wine consumption to private households".
Overall, "the positive developments in the end customer business areas of e-commerce and retail had clearly more than compensated for the drop in sales caused by restaurant and hotel closures in the business segment".
"How business will develop over the rest of the year is still difficult to predict and will depend heavily on whether daily life slowly returns to normal," said CEO Thorsten Hermelink. "We are currently confident that the developments in e-commerce and retail will continue in principle, albeit not in the same dimension, and we hope that the catering trade will recover during the rest of the year."
(uka / Photo: Hawesko)