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CEWE STIFTUNG & CO. KGAA (FRA:CWC) CEWE: eleventh consecutive dividend increase

Directive transparence : information réglementée

06/10/2020 15:03

DGAP-News: CEWE Stiftung & Co. KGaA / Key word(s): AGM/EGM
CEWE: eleventh consecutive dividend increase

06.10.2020 / 15:03
The issuer is solely responsible for the content of this announcement.


CEWE: eleventh consecutive dividend increase

- Annual General Meeting decides on a rise in dividends to EUR 2.00 per share

- On the basis of the current share price, shareholders earn a dividend yield of 2.2 %

- In spite of the coronavirus crisis: sales and earnings increase in the first half of the year

 

Oldenburg, 06 October 2020. The regular Annual General Meeting of CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901), held online for the first time ever due to the coronavirus, approved all the proposed items on the agenda. The dividend is to increase by 5 eurocents a share, to 2.00 euros. This means that, in spite of the coronavirus crisis, shareholders in the company are benefiting from the eleventh consecutive dividend increase, with a dividend yield of 2.2 % on the basis of the current share price (92,30 Euro, XETRA, 6.10.2020, 2:50 p.m.). "Our sustained growth and our extremely sound financial situation enable us to pay another increased dividend even in the face of these difficult pandemic times," says CEWE CEO Dr. Christian Friege.

First half of the year better than the same period of the previous year in spite of the coronavirus crisis
In spite of a temporary lockdown and the difficult general conditions caused by the pandemic, CEWE concluded the first half-year period of 2020 with an increase. Group turnover, at 277.0 million euros, slightly exceeded that of the same period of the previous year (HY1 2019: 274.6 million euros), and the half-year EBIT, at 1.0 million euros, also improved (HY1 2019: -1.5 million euros). The core business segment of photofinishing benefited most from the stay-at-home move resulting from the pandemic, making a considerable contribution to the increase in sales and earnings. The pandemic has, on the other hand, put the business segments of commercial online printing and retailing on the under pressure. "Our core business of photofinishing has literally seen CEWE through the crisis so far." Even if forecast reliability is severely limited in the current situation, with photofinishing business being potentially negatively affected by a coronavirus-related change in holiday habits as the year progresses, we presume that we will also achieve solid annual net income overall in 2020" says Dr. Christian Friege.

Eleventh consecutive dividend increase
On the basis of the positive development in earnings in 2019 and with the backup of this sound development in 2020, CEWE was able to increase its dividend for the eleventh year in direct succession. "The greater the number of years, the more we ourselves are impressed by this series and naturally, the more it also motivates us," comments Dr. Friege. "We are particularly pleased that the majority of our staff members also profit from this increase." CEWE is most active in promoting the participation of its own employees in the company: in proving their identification with the company, eight of ten CEWE employees already own company shares now.
The presentation made by the Managing Board at the Annual General Meeting and detailed AGM voting results are available on the company website at https://ir.cewe.de/hv.

CEWE honoured with the "Axia Best Managed Companies Award"
The Axia Best Managed Companies (BMC) programme is a competition organised in Germany by Deloitte, the German trade journal WirtschaftsWoche and the Federation of German Industries (BDI). The award is a hallmark of excellence for successful medium-sized companies. This year's "Axia Best Managed Companies Award" went to CEWE, with the jury members particularly praising CEWE's strategic vision, innovative drive, sustainable leadership culture and good management. "I am most pleased with this award since it is precisely in line with the core of our company objectives. We do not merely focus on short-term profits; instead we focus on sustained success with the focal point of our activities on permanent, customer-oriented innovation. Our 3,800 staff members all jointly constitute our innovation department, and we are proud of this," emphasises Dr. Christian Friege.



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 , whitewall.com , cheerz.com ,
viaprinto.de , saxoprint.de, laser-line.de

The CEWE apps are all available in the app stores. The CEWE Investor Relations app for your iPad(c) or your Android tablet makes clear, up-to-date versions of all our annual reports, quarterly reports and sustainability reports available.

Financial schedule
(insofar as already scheduled)

12.11.2020 Publication of the 2020 Q3 interim communication
12.11.2020 Press release on Q3 2020
16.11.2020 German Equity Forum

About CEWE:
The CEWE Group is Europe's leading photo service and online printing supplier.

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. In terms of their personal photos, they are inspired to produce a variety of creative designs and they entrust the company with around 2.4 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 more than 3,800 and operates in more than 20 countries. Group sales rose to 714.9 million euros in 2019. CEWE is listed on the SDAX.

More information is available at company.cewe.de.



06.10.2020 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.
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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, Tradegate Exchange
EQS News ID: 1139210

 
End of News DGAP News Service

1139210  06.10.2020 

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