Wine trading group Hawesko today reported a successful third quarter. The Hamburg-based company posted a third-quarter sales increase from €57.8m (US$67.4m) to €59.1m (US$68.9m) year-on-year.
Despite the third quarter being traditionally the weakest quarter for the group, Hawesko managed to increase its market share in the premium wine sector. Even the continuing sense of consumer restraint in Germany and the unseasonably hot summer couldn’t stop the group from increasing sales. For the first nine months of 2003 sales rose by 7% from €171.5m to €183.7m.
The management board confirmed its forecast for the year of a 5% increase in sales to €280m.
