on CEWE Stiftung & Co. KGaA (isin : DE0005403901)
CEWE Stiftung & Co. KGaA Reports Growth in Q1 2024
CEWE Stiftung & Co. KGaA announced a positive start to 2024 with a 6.6% increase in group turnover reaching EUR 165.7 million and a rise in EBIT to EUR 8.1 million in Q1. These results indicate a robust quarter for the company with significant contributions from various business segments.
The photofinishing segment led the growth with a revenue jump of 9.1% to EUR 137.6 million and an EBIT increase of EUR 2.4 million. Additionally, CEWE was honored with three TIPA World Awards, attesting to its continued innovation in the photography industry.
The Commercial Online-Print and Retail sectors also showed positive outcomes. Despite a slight dip in sales, the former improved its EBIT by EUR 0.4 million, thanks to enhanced cost efficiency. The Retail sector maintained stable sales with a minor improvement in EBIT.
Yvonne Rostock, Chairwoman of the Board, emphasized the collective effort of the CEWE team in achieving these results, which aligns with the company’s forecast for 2024. CEWE anticipates a group turnover of up to EUR 820 million and an EBIT of up to EUR 87 million by the end of the year.
R. P.
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