DGAP-News: CEWE COLOR paying a higher dividend and investing in the future
(firmenpresse) - 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
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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 11to 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(at)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
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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(at)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
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173136 06.06.2012
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