Upcoming Dividend • Jun 04
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 11 June 2026. Payment date: 15 June 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.5%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.7%). Buy Or Sell Opportunity • May 04
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.3% to €20.50. The fair value is estimated to be €17.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 0.7% in 2 years. Earnings are forecast to grow by 46% in the next 2 years. Declared Dividend • May 02
Dividend reduced to €1.00 Dividend of €1.00 is 23% lower than last year. Ex-date: 11th June 2026 Payment date: 15th June 2026 Dividend yield will be 4.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (120% earnings payout ratio). However, it is well covered by cash flows (29% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 33% to bring the payout ratio under control. EPS is expected to grow by 42% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Apr 30
Hawesko Holding SE, Annual General Meeting, Jun 10, 2026 Hawesko Holding SE, Annual General Meeting, Jun 10, 2026, at 11:00 W. Europe Standard Time. Major Estimate Revision • Feb 06
Consensus EPS estimates fall by 22% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €1.39 to €1.09 per share. Revenue forecast steady at €622.0m. Net income forecast to grow 27% next year vs 22% growth forecast for Consumer Retailing industry in Germany. Consensus price target down from €29.00 to €27.75. Share price was steady at €20.40 over the past week. Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: €0.067 (vs €0.18 in 3Q 2024) Third quarter 2025 results: EPS: €0.067 (down from €0.18 in 3Q 2024). Revenue: €152.5m (up 9.8% from 3Q 2024). Net income: €600.0k (down 63% from 3Q 2024). Profit margin: 0.4% (down from 1.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: €0.19 (vs €0.27 in 2Q 2024) Second quarter 2025 results: EPS: €0.19 (down from €0.27 in 2Q 2024). Revenue: €149.9m (down 1.1% from 2Q 2024). Net income: €1.70m (down 31% from 2Q 2024). Profit margin: 1.1% (down from 1.6% in 2Q 2024). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jul 23
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €645.0m to €628.0m. EPS estimate also fell from €1.68 per share to €1.39 per share. Net income forecast to grow 14% next year vs 23% growth forecast for Consumer Retailing industry in Germany. Consensus price target down from €33.00 to €26.00. Share price was steady at €22.90 over the past week. Upcoming Dividend • Jun 05
Upcoming dividend of €1.30 per share Eligible shareholders must have bought the stock before 12 June 2025. Payment date: 16 June 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.6%). New Risk • May 11
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 52% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (52% net debt to equity). Dividend is not well covered by earnings (112% payout ratio). Announcement • May 01
Hawesko Holding SE, Annual General Meeting, Jun 11, 2025 Hawesko Holding SE, Annual General Meeting, Jun 11, 2025, at 11:00 W. Europe Standard Time. Buy Or Sell Opportunity • Apr 28
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to €26.70. The fair value is estimated to be €21.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 48%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Declared Dividend • Apr 27
Dividend of €1.30 announced Dividend of €1.30 is the same as last year. Ex-date: 12th June 2025 Payment date: 16th June 2025 Dividend yield will be 5.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio). However, it is well covered by cash flows (22% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 25% to bring the payout ratio under control. EPS is expected to grow by 51% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Apr 25
Hawesko Holding SE announces Annual dividend, payable on June 16, 2025 Hawesko Holding SE announced Annual dividend of EUR 1.3000 per share payable on June 16, 2025, ex-date on June 12, 2025 and record date on June 13, 2025. New Risk • Apr 25
New major risk - Revenue and earnings growth Earnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks High level of debt (52% net debt to equity). Dividend is not well covered by earnings (112% payout ratio). New Risk • Jan 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (52% net debt to equity). Dividend is not well covered by earnings (112% payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €27.30, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Consumer Retailing industry in Europe. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €48.08 per share. New Risk • Aug 18
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 51% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (51% net debt to equity). Dividend is not well covered by earnings (215% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Major Estimate Revision • Aug 16
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €661.6m to €653.0m. EPS estimate also fell from €2.12 per share to €1.79 per share. Net income forecast to grow 194% next year vs 22% growth forecast for Consumer Retailing industry in Germany. Consensus price target down from €45.25 to €36.83. Share price was steady at €26.20 over the past week. Price Target Changed • Aug 13
Price target decreased by 14% to €40.17 Down from €46.75, the current price target is an average from 3 analysts. New target price is 58% above last closing price of €25.50. Stock is down 30% over the past year. The company is forecast to post earnings per share of €1.86 for next year compared to €0.90 last year. Announcement • Jun 13
Hawesko Holding SE Approves Dividend for the Financial Year 2023, Payable on June 17, 2024 The annual general meeting of Hawesko Holding SE has resolved to pay a dividend of €1.30 per share for fiscal year 2023, payable from 17 June 2024. The Hawesko Group is thus returning to the long-standing dividend level of €1.30. The amount of the distribution corresponds to a dividend yield of around 4.2% based on a share price of €31 on 11 June 2024. Upcoming Dividend • Jun 06
Upcoming dividend of €1.30 per share Eligible shareholders must have bought the stock before 13 June 2024. Payment date: 17 June 2024. The company is paying out more than 100% of its profits and is paying out 97% of its cash flow. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (4.3%). Major Estimate Revision • May 21
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €683.6m to €661.8m. EPS estimate also fell from €2.63 per share to €2.12 per share. Net income forecast to grow 203% next year vs 18% growth forecast for Consumer Retailing industry in Germany. Consensus price target down from €48.75 to €46.75. Share price was steady at €29.50 over the past week. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: €0.15 (vs €0.33 in 1Q 2023) First quarter 2024 results: EPS: €0.15 (down from €0.33 in 1Q 2023). Revenue: €148.2m (down 3.2% from 1Q 2023). Net income: €1.32m (down 55% from 1Q 2023). Profit margin: 0.9% (down from 1.9% in 1Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 21
Dividend of €1.30 announced Shareholders will receive a dividend of €1.30. Ex-date: 13th June 2024 Payment date: 17th June 2024 Dividend yield will be 4.6%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (143% earnings payout ratio) nor is it covered by cash flows (130% cash payout ratio). The dividend has increased by an average of 4.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 59% to bring the payout ratio under control. EPS is expected to grow by 72% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Major Estimate Revision • Nov 26
Consensus EPS estimates fall by 21% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €2.47 to €1.96 per share. Revenue forecast steady at €668.1m. Net income forecast to grow 86% next year vs 28% growth forecast for Consumer Retailing industry in Germany. Consensus price target down from €50.00 to €48.75. Share price was steady at €33.00 over the past week. Announcement • Nov 21
Hawesko Holding SE Appoints Hendrik Schneider as Chief Financial Officer, Effective January 01, 2024 Hawesko Holding SE announced that the company's Supervisory Board has appointed Hendrik Schneider as Chief Financial Officer (CFO). He will take office on January 01, 2024. Hendrik Schneider, born in 1971, studied business administration at the Hamburg University of Economics and Politics and graduated with a degree in business administration. After holding management positions in the Controlling/Finance division of the Otto Group, Hamburg, he is currently Chief Financial Officer at Hermes Germany GmbH. New Risk • Nov 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 143% Cash payout ratio: 130% Minor Risks High level of debt (50% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). New Risk • Nov 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.8% Last year net profit margin: 4.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 144% Cash payout ratio: 130% Minor Risks High level of debt (50% net debt to equity). Profit margins are more than 30% lower than last year (1.8% net profit margin). Reported Earnings • Nov 09
Third quarter 2023 earnings released: €0.39 loss per share (vs €0.69 profit in 3Q 2022) Third quarter 2023 results: €0.39 loss per share (down from €0.69 profit in 3Q 2022). Revenue: €157.7m (up 6.3% from 3Q 2022). Net loss: €3.56m (down 158% from profit in 3Q 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Price Target Changed • Oct 18
Price target decreased by 7.4% to €50.00 Down from €54.00, the current price target is an average from 2 analysts. New target price is 42% above last closing price of €35.10. Stock is down 13% over the past year. The company is forecast to post earnings per share of €2.47 for next year compared to €2.85 last year. Announcement • Oct 14
Hawesko Holding SE Provides Earnings Guidance for the Third Quarter of 2023 Hawesko Holding SE provided earnings guidance for the third quarter of 2023. For the quarter, the Group anticipated an operating profit of €5.3 million, unchanged from the previous year. At €143 million, revenue is just under 3% down on the previous year. Announcement • Oct 10
Hawesko Holding SE entered into an agreement to acquire a 50% stake in Dunker Group OU. Hawesko Holding SE entered into an agreement to acquire a 50% stake in Dunker Group OU on October 9, 2023. New Risk • Aug 06
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 43% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (43% net debt to equity). Dividend is not well covered by cash flows (218% cash payout ratio). Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: €0.39 (vs €0.54 in 2Q 2022) Second quarter 2023 results: EPS: €0.39 (down from €0.54 in 2Q 2022). Revenue: €169.9m (up 4.5% from 2Q 2022). Net income: €3.52m (down 27% from 2Q 2022). Profit margin: 2.1% (down from 3.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year. Upcoming Dividend • Jun 06
Upcoming dividend of €1.90 per share at 5.8% yield Eligible shareholders must have bought the stock before 13 June 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 74% but the company is paying out more than the cash it is generating. Trailing yield: 5.8%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.5%). Reported Earnings • Apr 23
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: €2.85 (down from €3.74 in FY 2021). Revenue: €693.6m (up 1.9% from FY 2021). Net income: €25.6m (down 24% from FY 2021). Profit margin: 3.7% (down from 4.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.1%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. Price Target Changed • Mar 10
Price target increased by 13% to €58.00 Up from €51.50, the current price target is an average from 2 analysts. New target price is 30% above last closing price of €44.70. Stock is down 3.5% over the past year. The company is forecast to post earnings per share of €2.71 for next year compared to €3.74 last year. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: €0.69 (vs €0.47 in 3Q 2021) Third quarter 2022 results: EPS: €0.69 (up from €0.47 in 3Q 2021). Revenue: €163.2m (up 12% from 3Q 2021). Net income: €6.19m (up 46% from 3Q 2021). Profit margin: 3.8% (up from 2.9% in 3Q 2021). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: €0.69 (vs €0.47 in 3Q 2021) Third quarter 2022 results: EPS: €0.69 (up from €0.47 in 3Q 2021). Revenue: €163.2m (up 12% from 3Q 2021). Net income: €6.19m (up 46% from 3Q 2021). Profit margin: 3.8% (up from 2.9% in 3Q 2021). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: €0.54 (vs €1.06 in 2Q 2021) Second quarter 2022 results: EPS: €0.54 (down from €1.06 in 2Q 2021). Revenue: €172.7m (up 3.8% from 2Q 2021). Net income: €4.80m (down 50% from 2Q 2021). Profit margin: 2.8% (down from 5.7% in 2Q 2021). Over the next year, revenue is forecast to grow 2.6%, compared to a 7.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Aug 11
Hawesko Holding AG Provides Guidance For the full year 2022, the Board of Management of the Hawesko Group therefore continues to expect a slight decline in sales of between -1 and -6% compared with the Corona year 2021. Announcement • Jul 20
Hawesko Holding AG (XTRA : HAW) acquired an unknown majority stake in Global Wines and Spirits s.r.o. from UNIMEX GROUP, a.s. Hawesko Holding AG (XTRA : HAW) acquired an unknown majority stake in Global Wines and Spirits s.r.o. from UNIMEX GROUP, a.s. on July 1, 2022.Hawesko Holding AG (XTRA : HAW) completed the acquisition of an unknown majority stake in Global Wines and Spirits s.r.o. from UNIMEX GROUP, a.s. on July 1, 2022. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €46.10, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Consumer Retailing industry in Europe. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €25.67 per share. Buying Opportunity • Jun 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 1.5%. The fair value is estimated to be €59.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 1.2% in a year. Earnings is forecast to decline by 9.0% in the next year. Price Target Changed • Jun 13
Price target decreased to €57.00 Down from €62.00, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €55.00. Stock is up 5.4% over the past year. The company is forecast to post earnings per share of €2.88 for next year compared to €3.74 last year. Upcoming Dividend • Jun 08
Upcoming dividend of €2.50 per share Eligible shareholders must have bought the stock before 15 June 2022. Payment date: 17 June 2022. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.2%). In line with average of industry peers (4.5%). Price Target Changed • May 04
Price target decreased to €59.00 Down from €63.50, the current price target is an average from 2 analysts. New target price is 15% above last closing price of €51.40. Stock is up 4.9% over the past year. The company is forecast to post earnings per share of €3.18 for next year compared to €3.74 last year. Reported Earnings • Apr 27
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: €3.74 (up from €2.65 in FY 2020). Revenue: €680.6m (up 9.6% from FY 2020). Net income: €33.6m (up 41% from FY 2020). Profit margin: 4.9% (up from 3.8% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.7%. Over the next year, revenue is forecast to stay flat compared to a 7.4% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 24
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: €3.74 (up from €2.65 in FY 2020). Revenue: €680.6m (up 9.6% from FY 2020). Net income: €33.6m (up 41% from FY 2020). Profit margin: 4.9% (up from 3.8% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.7%. Over the next year, revenue is forecast to stay flat compared to a 7.6% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS €0.47 (vs €0.56 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: €157.1m (up 14% from 3Q 2020). Net income: €4.24m (down 15% from 3Q 2020). Profit margin: 2.7% (down from 3.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Price Target Changed • Sep 08
Price target increased to €61.75 Up from €56.75, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €59.20. Stock is up 53% over the past year. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS €1.06 (vs €0.68 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €174.4m (up 13% from 2Q 2020). Net income: €9.50m (up 57% from 2Q 2020). Profit margin: 5.4% (up from 3.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 09
Upcoming dividend of €2.00 per share Eligible shareholders must have bought the stock before 16 June 2021. Payment date: 18 June 2021. Trailing yield: 3.8%. Within top quartile of German dividend payers (3.2%). In line with average of industry peers (3.9%). Price Target Changed • May 20
Price target increased to €56.75 Up from €51.50, the current price target is an average from 2 analysts. New target price is 7.5% above last closing price of €52.80. Stock is up 59% over the past year. Reported Earnings • May 16
First quarter 2021 earnings released: EPS €1.09 (vs €0.21 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €162.6m (up 31% from 1Q 2020). Net income: €9.77m (up 414% from 1Q 2020). Profit margin: 6.0% (up from 1.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Apr 25
Hawesko Holding AG Proposes Special Dividend for 2020 Hawesko Holding AG plans to propose to the Annual General Meeting that a special dividend of EUR 0.40 in recognition of the exceptional financial year.