15.03.2017 CEWE Stiftung & Co. KGaA  DE0005403901

DGAP-News: CEWE increases dividend for the eighth consecutive year


 
DGAP-News: CEWE Stiftung & Co. KGaA / Key word(s): Dividend CEWE increases dividend for the eighth consecutive year 15.03.2017 / 13:04 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- CEWE increases dividend for the eighth consecutive year - Board of Management and Supervisory Board propose dividend of 1.80 euros/share - Increase in dividends of 20 cents over the previous year (+12.5 %) - Dividend yield of 2.1 % on the basis of the 2016 year-end share price - Corporate targets all reached in 2016 Oldenburg, 15 March 2017. CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) is proposing the eighth consecutive dividend increase to its shareholders. After a business year 2016, which saw the Group achieving all its corporate targets, the Board of Management and the Supervisory Board are to propose a dividend of 1.80 euros per share for the business year of 2016 (an increase of 20 cents over the previous year) at the Annual General Meeting to be held on 31 May 2017. "Our earning power and our sound balance sheet allow us to positively increase our dividend for the eighth consecutive year," explains Dr. Olaf Holzkämper, CFO of the CEWE-Group. Success is powered by the CEWE PHOTO BOOK and other CEWE brands The Christmas quarter met expectations, with an increase in turnover of 215.8 million euros to 228.5 million euros and EBIT growth of 40.8 million euros in the previous year to 42.9 million euros. The fourth quarter thus accounts for 38.5 per cent of total sales and 91.3 per cent of generated income. The new products and the user-friendly apps for mobile devices such as smartphones and tablets have accelerated growth dynamics. Besides coming out first in many tests, the CEWE operations have once again documented their excellent performance in production and delivery in Christmas business and supplied many consumers with very personal photo gifts in time for their Christmas celebrations. "Our CEWE PHOTO BOOK and our wide range of photo gifts are among the most popular Christmas gifts. This makes it all the more important for us to ensure that our customers can also rely on the performance promise of our brand even in times when capacity utilisation is extremely high, namely excellent service, high level of on-time delivery and naturally the first-class quality of our products," CEO Dr. Rolf Hollander emphasises. Considerable brand awareness, the excellent image of the CEWE product family and satisfied customers are the basis for future growth. Sales targets all reached - digital rate of 97.5 % CEWE produced a total of 2.23 billion prints in 2016, thus even slightly exceeding the top end of the target corridor of 2.10 to 2.21 billion prints. The figure for digital prints, 2.18 billion (target: 2.05 to 2.15 billion), is matched by only 0.056 billion prints from films (target: 0.050-0.055 billion). Already at a considerable 97.5 % in 2016, the digital rate is gradually approaching 100 %. The high volume of digital photos is mainly the result of CEWE PHOTO BOOK sales, which grew to 6.2 million books (target: 6.10 to 6.15 million). The majority of other brand products such as CEWE CALENDARS, CEWE CARDS, CEWE WALL PICTURES and other photo gifts also generated double-digit growth rates. ROCE increases to more than 21 % The capital ratio rose by 1.5 percentage points to 53.8 % as at 31 December 2016 (31 December 2015: 52.3 %). The ROCE, a benchmark for returns since 31 December 2015, improved from 17.2 % to 21.3 % on the basis of an EBIT in the amount of 47.0 million euros. "Our sound financial position and our earning power mean that we are in a position to offer our shareholders an ideally growing dividend for the foreseeable future," explains Holzkämper. Shareholders have earned returns of 57.8 % in 2016 On the basis of the share price at the end of 2015 (54.61 euros), the CEWE share price grew from 29.96 euros to 84.57 euros (+ 54.9 %) in the period up to the end of December 2016. On the inclusion of the dividend paid out for the business year of 2015, the yield for CEWE shareholders in 2016 was thus 57.8 % in 2016. On the basis 2016 year-end share price, shareholders are also getting a dividend yield of 2.1 % with the dividend of 1.80 euros a share now proposed. The information is all based on preliminary results which have not yet been audited. CEWE will present full, audited annual financial statements and a forecast for the business year of 2017 during an annual report and analysts' press conference to be held in Frankfurt am Main on 23 March 2017. Full year of 2016 in comparison to the previous year (preliminary figures) CEWE Group Unit 2015 2016 target 2016 actual Digital prints in billion units 2.16 2.05-2.15 2.18 Prints from films in billion units 0.071 0.050-0.055 0.056 Total prints in billion units 2.23 2.10-2.21 2.23 CEWE PHOTO BOOK in m. units 6.0 6.10-6.15 6.2 Turnover in EUR m. 554.2 555-575 593.1 EBIT in EUR m. 36.4 40-46 47.0 EBIT margin % 6.6 6.9-8.3 7.9 EBT in EUR m. 35.9 39-45 46.2 Fourth quarter of 2016 (preliminary figures) CEWE Group Unit Q4 2015 Q4 2016 Diff. % Diff. abs. Digital prints in m. units 761.2 768.0 +0.9 +6.8 Prints from films in m. units 14.5 11.5 -20.7 -3.0 Total prints in m. units 775.7 779.5 +0.5 +3.8 CEWE PHOTO BOOK in m. units 2.4 2.4 -0.4 -0.01 Turnover in EUR m. 215.8 228.5 +5.9 +12.7 EBIT in EUR m. 40.8 42.9 +5.3 +2.2 EBIT margin % 18.9 18.8 EBT in EUR m. 40.8 41.7 +2.2 +0.9 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: [email protected] Internet: cewe-fotobuch.de , cewe-photobook.com , cewe.de , cewe-print.de , viaprinto.de , saxoprint.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) 23 March 2017 Annual report and analysts' press conference, Frankfurt 23 March 2017 Publication of the 2016 Annual Report 29 March 2017 Bankhaus Lampe Deutschland Conference, Baden-Baden 11 May 2017 Publication of the 2017 Q1 interim report 31 May 2017 2017 Annual General Meeting, Weser-Ems-Halls, Oldenburg 10 August 2017 Publication of the 2017 H1 mid-year report 10 November 2017 Publication of the 2017 Q3 interim report 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 2016 CEWE delivered around 2.2 billion prints, 6.2 million copies of the CEWE PHOTO BOOK and photo gift articles to around 25,000 retail partners to generate consolidated turnover of 593.1 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. --------------------------------------------------------------------------- 15.03.2017 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. Archive at 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: [email protected] 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 End of News DGAP News Service --------------------------------------------------------------------------- 554325 15.03.2017


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 599,39 653,29 714,89 727,26 692,76 740,99 780,20
EBITDA1,2 89,29 93,94 114,61 135,07 124,61 129,21 137,74
EBITDA-Marge3 14,90 14,38 16,03 18,57 17,99 17,44
EBIT1,4 49,22 53,72 57,84 79,69 72,19 75,62 83,91
EBIT-Marge5 8,21 8,22 8,09 10,96 10,42 10,21 10,76
Jahresüberschuss1 33,57 36,30 31,82 51,94 48,90 51,07 57,31
Netto-Marge6 5,60 5,56 4,45 7,14 7,06 6,89 7,35
Cashflow1,7 72,39 78,73 102,11 142,29 65,61 93,36 130,77
Ergebnis je Aktie8 4,54 5,01 4,36 7,15 6,72 7,19 8,10
Dividende8 1,85 1,95 2,00 2,30 2,35 2,45 1,80
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: BDO

INVESTOR-INFORMATIONEN
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CEWE
WKN Kurs in € Einschätzung Börsenwert in Mio. €
540390 102,800 Halten 765,04
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
13,53 16,39 0,84 17,73
KBV KCV KUV EV/EBITDA
2,07 5,85 0,98 4,95
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
2,45 2,60 2,53 05.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
15.05.2024 15.08.2024 14.11.2024 22.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
0,97% 8,29% 1,58% 9,48%
    
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Konsumgüter , 540390 , CWC , XETR:CWC