CEWE Stiftung & Co. KGaA

  • WKN: 540390
  • ISIN: DE0005403901
  • Land: Deutschland

Nachricht vom 21.03.2019 | 11:20

CEWE increases dividend for tenth consecutive year

DGAP-News: CEWE Stiftung & Co. KGaA / Key word(s): Dividend

21.03.2019 / 11:20
The issuer is solely responsible for the content of this announcement.


CEWE increases dividend for tenth consecutive year

- Board of Management and Supervisory Board propose a dividend of 1.95 euros per share

- Dividend yield of 3.1 % on the basis of the 2018 year-end share price

- Corporate targets all reached in 2018

Oldenburg, 21 March 2019. The Supervisory Board of CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) decided in its meeting today to propose the tenth consecutive dividend increase. After a business year 2018, which saw the Group achieving all its corporate targets, the Board of Management and the Supervisory Board are to propose a dividend of 1.95 euros per share for the business year of 2018 at the Annual General Meeting to be held on 5 June 2019 (dividend of previous year: 1.85 euros). "Our earning power and strong balance sheet enable us to raise our dividend in absolute terms for the tenth consecutive year," explains Dr. Olaf Holzkämper, CFO of the CEWE-group. On the basis of the share price at the end of 2018 (62,10 euros), shareholders will be receiving a dividend yield of 3.1 % with the dividend proposed.

CEWE achieves all turnover and profit targets for 2018
CEWE reached all its corporate targets for the financial year of 2018. Preliminary calculations show a 9.0% increase in turnover, to 653.3 million euros (2017: 599.4 million euros, turnover target for 2018: 630-665 million euros). CEWE achieved this through positive growth in the CEWE PHOTOBOOK and other photo gifts in the Christmas season. This enabled CEWE to withstand the general weakness in retailing in 2018, which was most affected by the weak summer months. The trend towards mobile devices and apps backs up CEWE's success: an increasing number of people are taking photos with their smartphone and placing orders, including mobile orders, for more and more photo products showing their personal photos. Operative earnings (EBIT) thus improved in total by 9.2%, to 53.7 million euros (2017: 49.2 million euros), coming very close to the 2018 EBIT target corridor of 48-54 million euros. The fourth quarter of 2018 considerably boosted growth and income: with turnover at 261.6 million euros (+11.6%) and EBIT at 55.7 million euros (+20.8%), CEWE once again clearly exceeded the strong figures of the previous year.

CEWE will present full, audited annual financial statements at the annual report and analysts' press conference to be held in Frankfurt am Main on 28 March 2019.

Should you have any queries, please contact:
CEWE Stiftung & Co. KGaA, Axel Weber (Investor Relations)
Tel.: 0441 / 404 - 2288, Fax: 0441 / 404 - 421, Email: IR@cewe.de

Internet: cewe.de , deindesign.de , cewe-print.de , viaprinto.de , saxoprint.de , laserline.de

The CEWE apps are all available in the app stores: CEWE PHOTO WORLD, CEWE POSTCARD, CEWE SERVICE 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.

Financial schedule:
(insofar as already scheduled)

28.03.2019 CEWE Annual Report and analysts' press conference, Frankfurt
28.03.2019 Publication of the 2018 Annual Report
03.04.2019 Bankhaus Lampe Deutschland Conference, Baden-Baden
13.05.2019 Publication of the Q1 2019 interim statement
13.05.2019 Press report on the Q1 2019 interim statement
05.06.2019 2019 Annual General Meeting
13.08.2019 Publication of the 2019 HY1 interim report
13.08.2019 Press release on the 2019 HY1 interim report
24.09.2019 2019 Berenberg & Goldman Sachs German Corporate Conference
25.09.2019 2019 Baader Investment Conference
12.11.2019 Publication of the Q3 2019 interim statement
12.11.2019 Press report on the Q3 2019 interim statement
25.11.2019 2019 German Equity Forum

About CEWE: The innovative photo and online print service company, with fourteen highly-technical production operations and a staff of around 3,900 employees in 26 European countries, is both market and technological leader. In 2018 CEWE delivered around 2.2 billion prints, 6.2 million CEWE PHOTO BOOK copies and numerous photo gift articles to more than 20,000 retail partners to generate Group turnover of 653.3 million euros. The company is continuously generating new impulses in the photographic industry with innovations for people who enjoy taking photos. CEWE is a leading company when it comes to climate protection. CEWE brand products are all produced in a climate-natural process. In the "commercial online printing" business segment, printed material for businesses is marketed through the sales platforms of CEWE-PRINT.de, SAXOPRINT, viaprinto and LASERLINE. Founded by Senator h. c. Heinz Neumüller in 1961, CEWE has been listed on the stock exchange since 1993 and is an SDAX member.



21.03.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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