DGAP-News: CEWE Stiftung & Co. KGaA
/ Key word(s): Dividend/Preliminary Results
CEWE planning its twelfth consecutive dividend increase
Oldenburg, 22 January 2021. CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) concluded its 2020 financial year with a clear increase in earnings according to initial, as yet uncertified, figures which show operative earnings (EBIT) at 79.7 million euros (2019: 56.8 million euros). Turnover rose to 727.3 million euros (2019: 720.4 million euros). Renewed growth in photofinishing played a decisive role in the outstanding Christmas business, with stimulated online business as well as the stay-at-home effect resulting in growth for all the product categories in the CEWE core business segment: sales of CEWE PHOTOBOOKS, photo calendars, wall art, greeting cards and many other photo gifts went up in the Christmas season. Besides additional contribution margins from the rise in sales, the cost-reduction programme, initiated as early as in March at the onset of the pandemic, also improved the EBIT against that of the previous year. Photofinishing thus clearly more than compensated for the negative impact of the retailing and commercial online printing business segments which were hard hit by coronavirus and the related lockdown. On the basis of the growth in earnings, the dividend for the financial year is to be increased to 2.30 euros (previous year: 2.00 euros). Provided that approval is given at the Annual General Meeting, this will be the twelfth consecutive dividend increase. This makes CEWE one of the few German companies to be able to consistently raise dividends over a period covering so many years.
First-class delivery performance in Q4
Stable development in difficult times for the economy in general
Dividend to increase for the twelfth time in succession
Exact values have been used for all percentage deviation calculations.
Details on the financial year of 2020 are all based on preliminary, as yet uncertified data. Audited annual financial statements will all be presented at the Annual Report and analysts' press conference on 25 March 2021.
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The CEWE apps are all available in the app stores: CEWE PHOTO WORLD, CEWE POSTCARD and other photo apps, and the CEWE Investor Relations app for iPad(c) or android tablets, with annual reports and quarterly reports, presentations and sustainability reports.
From its beginnings in 1912, CEWE has progressed to become the leading photo service company for all those wanting to make more of their photos. This is mainly due to the much-awarded CEWE PHOTOBOOK, with more than six million books being sold each year. Customers can purchase other personalised photo products under the brand names of CEWE, WhiteWall and Cheerz - and from many leading retailers in Europe. Concerning their personal photos, they are inspired to produce a variety of creative designs and they trust the company with more than 2.3 billion photos every year.
The CEWE Group has also set up a highly efficient production system for the online printing market, which is still new. Every year billions of high-quality printed products are delivered reliably to their purchasers through the SAXOPRINT, LASERLINE and viaprinto sales platforms.
The CEWE Group, through the founder family of Neumüller as an anchor shareholder, focuses on sustainable corporate management and has already received many awards for this effort: economically sustainable in the long term; cooperative and fair in dealings with customers, employees and suppliers; socially responsible and protective of the environment and resources. An example of this is the climate-neutral process used to produce all the CEWE brand-name products.
The CEWE Group has a staff of 4,000 employees and operates in more than 20 countries. CEWE is listed on the SDAX.
More information is available at company.cewe.de.
22.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||CEWE Stiftung & Co. KGaA|
|Phone:||+49 (0)441 40 4-1|
|Fax:||+49 (0)441 40 4-42 1|
|Listed:||Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1170124|
|End of News||DGAP News Service|