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CEWE STIFTUNG & CO. KGAA (FRA:CWC) CEWE COLOR paying a higher dividend and investing in the future

Directive transparence : information réglementée

06/06/2012 17:24
DGAP-News: CeWe Color Holding AG / Key word(s): AGM/EGM CEWE COLOR paying a higher dividend and investing in the future 06.06.2012 / 17:24 --------------------------------------------------------------------- CEWE COLOR paying a higher dividend and investing in the future - Annual General Meeting resolves on 12% dividend increase - Dividend yield at 4.6% - Growth driver: new business segment of online printing - 2012 turnover to grow to more than EUR 500 million Bremen/Oldenburg, 06 June 2012. The regular Annual General Meeting of CEWE COLOR Holding AG (SDAX, ISIN: DE 0005403901) approved of all the items on the agenda proposed by the management in Bremen today. The attendance rate was 62.0 %. A dividend of EUR 1.40 per denominated participating share is being paid out for the 2011 business year. On the basis of the share price of EUR 30.145 per share (at 2:22 p.m. on 6 June 2012, Xetra, point in time of the AGM resolution), this means that shareholders will be receiving a dividend yield of 4.6%. New Supervisory Board members elected The Annual General Meeting approved the appointment of Prof. Dr. Michael Paetsch, Willich, and Dr. Joh. Christian Jacobs, Hamburg, as members of the Supervisory Board for the coming five years and newly elected Prof. Dr. Christine Hipp, Cottbus and Corinna Linner, Baldham, to the Supervisory Board. Prof. Dr. Dr. h.c. Hans-Jürgen Appelrath, Oldenburg, and Otto Korte, Oldenburg, will remain in the Supervisory Board. They are to represent the Neumüller CEWE COLOR Foundation in the Supervisory Board. The longstanding Chairman of the Supervisory Board, Hubert Rothärmel and Hartmut Fromm, Supervisory Board Vice Chairman, will be retiring from the Supervisory Board. The Supervisory Board meeting held after the Annual General Meeting elected Otto Korte as Chairman of the Supervisory Board. Annual General Meeting resolves on dividend of EUR 1.40 per share CEWE COLOR had raised its earnings per share by 41 percent, to EUR 2.84, in the 2011 business year, so that the company's capital ratio and cash position were positive on 31 December 2011. This enabled a 12% increase in the dividend, to EUR 1.40 per share, which was resolved today at the Annual General Meeting. CEWE was also able to acquire the online print shop Saxoprint in February 2012 on the basis of the annual net income for 2011. Even subsequent to the Saxoprint acquisition, the capital ratio reached an extremely sound 39.4% at the end of the first quarterly period. 'Our signal is quite clear: we are paying a higher dividend and investing in the future: Our positive earnings trend gives us enough scope to be able to have our shareholders participate through a raised dividend and to invest considerably in future growth,' says Dr. Rolf Hollander, Chairman of the Board of Management of CEWE COLOR Holding AG. 2012 turnover to grow to more than EUR 500 million During the Annual General Meeting, the Board of Management confirmed its forecast for 2012: Consolidated turnover is to rise by 7 to 12 %, to amount to EUR 500 to 525 million. The new business segment of online printing will probably contribute around EUR 40 million to this increase. The management expects to see photofinishing and retailing business rising slightly on average to EUR 460 to 485 million (- 1.9% to + 3.4%). More than anything else, ongoing growth in sales of the CEWE PHOTO BOOK, by 11 to 15% to 5.7 to 5.9 million books, and success with photo gift articles are likely to more than offset the decline in the overall number of photos ('from mass to class'). With investments in the range of EUR 30 to 33 million (-1% to +9%), CEWE COLOR expects EBIT to be stable on average in a range of EUR 27 to 33 million (-10% bis +10%). 'In the new business segment for online printing we will initially be focusing on expansion, so we do not expect any notable contribution to earnings in 2012. The stable margin in photofinishing business and in retailing, at an average of 6.4%, makes it possible for us to invest purposefully in growth for the CEWE PHOTO BOOK and online printing,' Dr. Hollander points out. In 2012, CEWE COLOR will thus be creating the basis for continuing to enhance the company's earning power. Should you have any queries, please contact: CEWE COLOR Holding AG, Axel Weber (Investor Relations) Tel.: 0441 / 404 - 2288, Fax: 0441 / 404 - 421, e-mail: IR@cewecolor.de Internet: www.cewecolor.de , www.cewe.de , www.cewe-fotobuch.de www.viaprinto.de , www.saxoprint.de Financial schedule: 9 August 2012: Publication of the QI-Q2 interim report 8 November 2012: Publication of the QI-Q3 interim report 12 November 2012: German Equity Forum, Frankfurt CEWE COLOR: Europe's leading online printing and photo service CEWE COLOR, with 13 highly-technical production operations and a staff of around 3,100 employees in 24 European countries, is both market and technological leader. In 2011 CEWE COLOR delivered around 2.5 billion prints, more than 5.1 million CEWE PHOTO BOOKS and photo gift articles to more than 40,000 retail partners to generate consolidated turnover of 469 million euros. CEWE COLOR is a 'first mover' in the introduction of new digital technologies and products. CEWE COLOR is continuing to expand its online printing service with viaprinto.de and saxoprint.de as an additional business segment. CEWE COLOR celebrated its 50th company anniversary in 2011: In 1961 CEWE COLOR was founded by Senator h.c. Heinz Neumüller. The company went public under the leadership of Hubert Rothärmel in 1993. CEWE COLOR Holding AG is listed on the SDAX. End of Corporate News --------------------------------------------------------------------- 06.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: CeWe Color Holding AG Meerweg 30-32 26133 Oldenburg Germany Phone: +49 (0)441 40 4-1 Fax: +49 (0)441 40 4-42 1 E-mail: IR@cewecolor.de Internet: www.cewecolor.de ISIN: DE0005403901 WKN: 540390 Indices: SDAX Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard); Freiverkehr in Düsseldorf, Hamburg, Hannover, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 173136 06.06.2012