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CEWE STIFTUNG & CO. KGAA (FRA:CWC) CEWE increases dividend for the seventh consecutive year

Directive transparence : information réglementée

16/03/2016 12:48
DGAP-News: CEWE Stiftung & Co. KGaA / Key word(s): Dividend CEWE increases dividend for the seventh consecutive year 16.03.2016 / 12:48 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- CEWE increases dividend for the seventh consecutive year - Board of Management and Supervisory Board propose dividend of 1.60 euros/share - Dividend yield of 2.9 % on the basis of the 2015 year-end share price - Corporate targets all reached in 2015 Oldenburg, 16 March 2016. CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) is proposing the seventh consecutive dividend increase to its shareholders. After a successful business year, which saw the Group achieving all its corporate targets, the Board of Management and the Supervisory Board are to propose a dividend of 1.60 euros per share for the business year of 2015 (an increase of five cents over the previous year) at the Annual General Meeting to be held on 1 June 2016. "Our earning power and our sound balance sheet allow us to positively increase our dividend for the seventh consecutive year," explains Dr. Olaf Holzkämper, CFO of the CEWE-Group. The three business segments all contribute to the positive development After a good Christmas quarter, the turnover generated by the group increased by 5.8 % to 554.2 million euros (2014: 523.8 million euros), thus clearly exceeding the target of 515 million to 535 million euros. Operative earning (EBIT) improved over-proportionately by 13.0 % to 36.8 million euros (2014: 32.6 million euros; EBIT target for 2015: 32 million to 38 million euros). The EBIT would even have exceeded the 40-million euro mark after adjustment by non-recurring effects such as restructuring expenses and depreciation on goodwill in the total amount of 3.6 million euros. After-tax earnings increased from 21.4 million euros to 22.7 million euros (target: in the range of 20 million to 24 million euros). Earnings per share, at 3.24 euros, also exceeded the target corridor of 2.87 to 3.45 euros (2014: 3.07 euros). "The three strategic business segments have all contributed to the positive development in profits," says Dr. Rolf Hollander, Chairman of the Board of Management of CEWE Stiftung & Co. KGaA. Photofinishing confirmed its positive trend of previous years and once again developed even better than expected. The CEO explains: "Our major investments in marketing, our constant product innovations and our increasing share of added value help our retail partners and give us good earnings." In 2015 as well, the CEWE PHOTO BOOK was once again by far the most important product. And "our expectations have been met thanks to considerable increases in profit" also in commercial online printing and in the retail segment. After re-positioning, it is not only the retail segment that has generated profits again. Dr. Hollander: "With its steady growth, commercial online printing has even achieved an operative break-even a year earlier than planned." Shareholders have earned returns of 9.0 % in 2015 On the basis of the share price at the end of 2014 (51.51 euros), the CEWE share price grew from 3.10 euros to 54.61 euros (+?6.0 %) in the period up to the end of December 2015. On the inclusion of the dividend paid out for the business year of 2014, the yield for CEWE shareholders in 2015 was thus 9.0 % in 2015. On the basis 2015 year-end share price, shareholders are also getting a dividend yield of 2.9 % with the dividend of 1.60 euros a share now proposed. CEWE will present full annual financial statements and a forecast for the current business year during an annual report and analysts' press conference to be held in Frankfurt am Main on 23 March 2016. Full year of 2015 in comparison to the previous year

CEWE Group                    Unit           2014      2015       2015
                                                       target     actual
Digital prints                in billion     2.2       2.10-2.15  2.16
                              units
Prints from films             in billion     0.09      0.065-     0.07
                              units                    0.070
Total prints                  in billion     2.29      2.17-2.22  2.23
                              units
CEWE PHOTO BOOK               in m. units    5.9       6.0-6.1    6.0
Turnover                      in EUR m.      523.8     515-535    554.2
EBIT before one-time effects  in EUR m.      32.6      -          40.4
*
EBIT margin before one-time   %              6.2       -          7.3
effects *
EBIT                          in EUR m.      32.6      32-38      36.8
EBIT margin                   %              6.2       -          6.6
EBT                           in EUR m.      31.5      30-36      36.3
Earnings after tax            in EUR m.      21.4      20-24      22.7
Earnings per share            EUR/share      3.07      2.87-3.45  3.24


Fourth quarter of 2015

CEWE Group                 Unit      Q4 2014   Q4 2015   Diff. %   Diff.
                                                                   abs.
Digital prints             in m.     745.6     761.2     2.1       15.6
                           units
Prints from films          in m.     17.8      14.5      -18.5     -3.3
                           units
Total prints               in m.     763.4     775.7     1.6       12.3
                           units
CEWE PHOTO BOOK            in m.     2.3       2.4       5.7       0.1
                           units
Turnover                   in EUR m. 194.8     215.8     10.8      21.0
EBIT before one-time       in EUR m. 37.3      43.6      16.8      6.3
effects *
EBIT margin before one-    %         19.2      20.2
time effects *
EBIT                       in EUR m. 37.3      41.0      9.9       3.7
EBIT margin                %         19.2      19.0
EBT                        in EUR m. 37.2      41.1      10.5      3.9
Earnings after tax         in EUR m. 25.9      26.1      1.0       0.2


* Restructuring costs in the first quarter of 2015 and depreciation on goodwill are reported as one-time effects Percentage deviations have all been calculated at the exact values. 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 , cewe-fotobuch.de , cewe-photobook.com , cewe-print.de , viaprinto.de , saxoprint.de, deindesign.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: 23 March 2016 Publication of the 2015 Annual Report 23 March 2016 CEWE Annual Report and analysts' press conference, Frankfurt 14 April 2016 Bankhaus Lampe Deutschland Conference, Baden-Baden 12 May 2016 Publication of the interim report as at Q1 2016 1 June 2016 2016 Annual General Meeting, Weser-Ems-Halle, Oldenburg 11 August 2016 Publication of the mid-year report interim report as at Q2 2016 19-21 September 2016 Berenberg & Goldman Sachs German Corporate Conference 20-22 September 2016 Baader Investment Conference, Munich 10 November 2016 Publication of the interim report as at Q3 2016 21-22 November 2016 German Equity Forum, Frankfurt About CEWE: The innovative photo and online print service company CEWE, with twelve highly-technical production operations and a staff of around 3,400 employees in 24 European countries, is both market and technological leader. In 2015 CEWE delivered around 2.2 billion prints, 6.0 million copies of the CEWE PHOTO BOOK and photo gift articles to around 25,000 retail partners to generate consolidated turnover of 554.2 million euros. CEWE is continuously generating new impulses in the photographic industry with innovations for people who enjoy taking photos. In the new business segment of commercial online printing, printed material for businesses is marketed through the sales platforms CEWE-PRINT.de, Saxoprint und Viaprinto. Founded in 1961 by Senator h.c. Heinz Neumüller, CEWE was taken to the stock exchange by Hubert Rothärmel in 1993. CEWE Stiftung & Co. KGaA is listed on the SDAX. --------------------------------------------------------------------------- 16.03.2016 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. The DGAP 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 Stiftung & Co. KGaA Meerweg 30-32 26133 Oldenburg Germany Phone: +49 (0)441 40 4-1 Fax: +49 (0)441 40 4-42 1 E-mail: IR@cewe.de Internet: www.cewe.de ISIN: DE0005403901 WKN: 540390 Indices: SDAX Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart End of News DGAP News Service --------------------------------------------------------------------------- 445801 16.03.2016