06.06.2018
CEWE Stiftung & Co. KGaA DE0005403901
DGAP-News: CEWE increases dividend for the ninth consecutive year
DGAP-News: CEWE Stiftung & Co. KGaA / Key word(s): AGM/EGM
CEWE increases dividend for the ninth consecutive year
06.06.2018 / 14:29
The issuer is solely responsible for the content of this announcement.
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CEWE increases dividend for the ninth consecutive year
- Annual General Meeting decides to raise dividends to EUR 1.85 per share
- Shareholders earn a dividend yield of 2.1 % on the basis of the price at
the end of 2017
- Turnover and earnings to continue to increase in 2018
- New Supervisory Board elected
Oldenburg, 6 June 2018. The regular Annual General Meeting of CEWE Stiftung
& Co. KGaA (SDAX, ISIN: DE 0005403901) approved all the agenda items
proposed by the management in Oldenburg today. The attendance rate was 48.9
%. The dividend rises to 1.85 euros per share - the ninth dividend increase
in succession. On the basis of the price at the end of 2017 (88,05 euros),
shareholders are thus earning a dividend yield of 2.1 %. "We are in a
position to offer our shareholders an increase in dividends for the ninth
year in succession. This is made possible by a renewed increase in our
earning power and a sound balance sheet," explains Dr. Christian Friege,
Chairman of the Board of Management of the CEWE Group. The total return for
shareholders for the 2017 financial year was as much as 6.24 % on the basis
of the dividend for 2016 and the rise in the share price.
Turnover and EBIT to continue to increase in 2018
The first quarter of 2018, which was successfully closed with a 10.1 %
increase in turnover, confirms the Board of Management forecast for 2018:
Group turnover is to increase considerably to an amount in the range of 630
to 665 million euros (2017: 599.4 million euros). The Group EBIT is to be in
a target corridor of 48 million to 54 million euros (2017: 49.2 million
euros), the EBT in a target corridor of 47.5 million to 53.5 million euros
(2017: 48.9 million euros) and earnings after tax are to be in the range of
33 million and 37 million euros (2017: 33.6 million euros),
Takeovers promise further growth
The Board of Management expects to see the growth rate strengthened by the
investment in the leading French photo app "Cheerz" and by the takeover of
online printing provider LASERLINE. CEWE is giving photofinishing and
commercial online printing an extra boost with these acquisitions.
Increasing earnings to see a further increase in dividends as well
CEWE confirms its expectation for future dividends with this goal: "We will
not be diverting from the successful course pursued in previous years. On
the basis of an enhancement of our earning power, we intend to continue to
increase our dividend in absolute terms, thus regularly ensuring the our
financing and our capital ratio are sound," emphasised Dr. Christian Friege
in his first Annual General Meeting as CEO of CEWE Stiftung & Co. KGaA. The
Board of Management was also pleased with the trust shown by the staff and
its exceptional identification with CEWE: 70 % of the staff members are
shareholders themselves.
Annual General Meeting elects a Supervisory Board with two new members
The Annual General Meeting followed the recommendation of the Supervisory
Board and the nomination committee for the Supervisory Board election. This
means that the CEWE Supervisory Board has two new members: Patricia
Geibel-Conrad (born in 1962) operates her own auditing and management
consulting business after having previously been employed by
PricewaterhouseCoopers for 14 years. Dr. Birgit Vemmer is an independent
consultant. The mathematician (born in 1065) was previously employed in
managerial positions, mainly with IT companies. The Annual General Meeting
relieved the long-term members Corinna Linner and Professor Michael Paetsch
of their duties. "We thank Ms Linner and Professor Paetsch for their many
years of service and for the competency they brought into the Board. With
our two new members, we in the Supervisory Board are once again getting
outstanding expertise in the areas of finance and also IT," Otto Korte,
Chairman of the Supervisory Board of CEWE Stiftung & Co. KGaA, points out.
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 , deindesign.de , cewe.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)
09.08.2018 Publication of the 2018 Q2 interim report
09.08.2018 Press release on the 2018 Q2 interim report
24.09.2018 2018 Berenberg & Goldman Sachs German Corporate Conference
25.09.2018 2018 Baader Investment Conference
13.11.2018 Publication of the 2018 Q3
13.11.2018 Press release on the 2018 Q3 interim report
26.11.2018 2018 German Equity Forum
About CEWE: The innovative photo and online print service company, with
twelve highly-technical production operations and a staff of around 3,600
employees in 24 European countries, is both market and technological leader.
In 2017 CEWE delivered around 2.2 billion prints, 6.0 million CEWE PHOTO
BOOK copies and numerous photo gift articles to more than 20,000 retail
partners to generate consolidated turnover of 599.4 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 currently an SDAX member.
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06.06.2018 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
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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: [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
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693045 06.06.2018
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