DGAP-News: CEWE COLOR: Dividend to rise to EUR 1.05
(firmenpresse) - CeWe Color Holding AG / Dividend
09.04.2010 07:00
Dissemination of a Corporate News, transmitted by
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CEWE COLOR: Dividend to rise to EUR 1.05
- Conclusion of restructuring phase enhances earnings prospects
- Need for investment drops
- Free cash flow significantly increased
Oldenburg, 9 April 2010. The Supervisory Board of CEWE COLOR Holding AG
(SDAX, ISIN: DE0005403901) has resolved to support the dividend proposed by
the Board of Management and to propose a dividend of EUR 1.05 for each
share eligible for dividends at the General Meeting of the company on 2
June 2010 (2009 dividend EUR 1.00). This means that CEWE COLOR Holding AG
will be paying out the full amount of consolidated profit (EUR 6.7 million)
to its shareholders. On the basis of the current share price of EUR 27.71
per share (on 8 April 2010, 12.48 p.m., Xetra) the dividend yield amounts
to 3.8%.
Financial schedule:
18 May 2010 Announcement of the figures for the first quarter of 2010
2 June 2010 Annual General Meeting, Park Hotel, Bremen
17 August 2010 Announcement of the figures for the second quarter of 2010
16 November 2010 Announcement of the figures for the third quarter of 2010
About CEWE COLOR: Photo service company CEWE COLOR, with 13 highly
technical production operations and a staff of around 2,700 employees in 24
European countries, is both market and technological leader. The company
supplied around 2.6 billion photos and more than 3.6 million CEWE PHOTO
BOOKS to more than 50,000 retail partners in 2009. CEWE COLOR is a 'first
mover' in the launch of new digital technologies, for example ordering
digital photos in the Internet or with the help of order terminals
(DigiFoto Makers) in retail stores. Sales of personalised CEWE PHOTO BOOKS
are developing extremely well. 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.
Consolidated profit to be fully distributed
'We want our shareholders to participate in the effective completion of
transformation-related restructuring measures and thesuccessful
establishment of digital business - in particular business with CEWE PHOTO
BOOKS: good earnings prospects for 2010 enable us to practice a
shareholder-friendly and at the same time sustained dividend policy,' says
Dr. Rolf Hollander, Chairman of the Board of Management of CEWE COLOR
Holding AG. The current continued low need for investment and positive
expectations in terms of cash flow from current business operations justify
the distribution of the full amount of profits and give rise to
expectations of a positive development in the free cash flow. The 2009 free
cash flow was already increased to as much as EUR 9.9 million (2008 EUR 1.0
million).
Should you have any queries, please contact:
CEWE COLOR Holding AG
Axel Weber (Investor Relations) or Dr. Hella Hahm (Press)
Tel.: 0441 / 404 - 2288, Fax: 0441 / 404 - 421,
Email: IR(at)cewecolor.de, Internet: www.cewecolor.de or www.cewe-fotobuch.de
09.04.2010 07:00 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: CeWe Color Holding AG
Meerweg 30-32
26133 Oldenburg
Deutschland
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 München, Hannover, Düsseldorf, Hamburg,
Stuttgart
End of News DGAP News-Service
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Datum: 09.04.2010 - 07:00 Uhr
Sprache: Deutsch
News-ID 18756
Anzahl Zeichen: 0
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Kategorie:
Business News
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