DGAP-News: CEWE: shareholders resolve on change in form
(firmenpresse) - DGAP-News: CEWE COLOR Holding AG / Key word(s): AGM/EGM
CEWE: shareholders resolve on change in form
05.06.2013 / 16:36
---------------------------------------------------------------------
CEWE: shareholders resolve on change in form
- New: CEWE Stiftung&Co. KGaA
- Tax benefit expected to be around EUR 10 million
- Dividend rises to EUR 1.45 per share
- Dividend yield at 4.7 %
- Supervisory Board confirmed
Oldenburg, 5 June 2013. The regular Annual General Meeting of CEWE COLOR
Holding AG (SDAX, ISIN: DE 0005403901) approved all the agenda items
proposed by the management in Oldenburg today. The attendance rate was
56.9%. Besides increasing the dividend to EUR 1.45 per share, the Annual
General Meeting also resolved on changing the legal form of CEWE COLOR
Holding AG to CEWE Stiftung&Co. KGaA, and reappointed the Supervisory
Board of the Group.
High dividends and investments in future growth
A dividend of EUR 1.45 per denominated participating share is being paid
out for the 2012 business year, an increase of 5 cents per share over the
previous year's dividend. The dividend yield is 4.7 % (on the basis of the
share price at the end of 2012). 'In addition to our investments in
expanding our growth sector of online printing, our sound financing, with a
capital ratio of 44.6 % on 31 March 2013, the considerable earning power of
the Group and its strong free cash flow have all made it possible to
significantly increase the dividend paid out to our shareholders,' says Dr.
Rolf Hollander, Chairman of the Board of Management of CEWE COLOR Holding
AG.
Annual General Meeting resolves on changing the legal form to KGaA (German
limited joint-stock partnership): tax savings of EUR 10 million expected
The Annual General Meeting of CEWE COLOR Holding AG has resolved with a
large majority (96.7% of the votes) that the company will in future operate
under the name of CEWE Stiftung&Co. KGaA. All the operative CEWE business
will be conducted in CEWE Stiftung&Co. KGaA, which means that a
structural tax disadvantage will no longer apply. In the coming few years,
the tax benefit will probably amount to a cash value of around EUR 10
million. 'The substantial tax benefit creates added value for our
shareholders. Over and above this, the change in form gives us the benefits
of a stock-exchange listed family business with a long-term focus, which we
are combining with a legal form with which international capital markets
are familiar as well as with even clearer Corporate Governance principles,'
says Financial Director Dr. Olaf Holzkämper.
Supervisory Board members reappointed
The Annual General Meeting resolved with a large majority that the current
Supervisory Board members of CEWE COLOR Holding AG - Prof. Dr. Dr. h.c.
Hans-Jürgen Appelrath, Prof. Dr. Christiane Hipp, Otto Korte, Corinna
Linner, Prof. Dr. Michael Paetsch and Dr. Hans-Henning Wiegmann - are to be
members of the future Supervisory Board of CEWE Stiftung&Co. KGaA. Otto
Korte will stand as a candidate for the post of Chairman of the Supervisory
Board at the constituent Supervisory Board meeting of CEWE Stiftung&Co.
KGaA.
Further strong growth impulses through online printing
The Board of Management expects to see more growth, with expectations based
on the positive first quarter of 2013. Full-year turnover in the growth
sector of online printing is to increase by 40 %, to EUR 60 million, with
Group turnover rising by up to 5 %, to EUR 510 to 530 million. Due to
investments in online printing, the aim for EBIT is in the range of EUR 27
to 33 million in 2013, and EUR 2.44 to EUR 3.06 is targeted for earnings
per share.
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.cewe-print.de
www.viaprinto.de , www.saxoprint.de
Jetzt im Apple App Store: The CEWE Investor Relations app for your iPad(R),
including annual reports and quarterly reports as well as sustainability
reports.
Financial schedule:
14.08.2013: Publication of the mid-year financial report for Q2 2013
7.11.2013: Publication of the interim report for Q3 2013
About CEWE COLOR: The photo and online print service company CEWE COLOR,
with 13 highly-technical production operations and a staff of around 3,300
employees in 24 European countries, is both market and technological
leader. In 2012 CEWE COLOR delivered around 2.5 billion prints, 5.6 million
CEWE PHOTO BOOKS and photo gift articles to more than 34,000 retail
partners to generate consolidated turnover of 503.3 million euros. CEWE
COLOR is a 'first mover' in the introduction of new digital technologies
and products. In the new online printing service operating area, printed
material for advertising is marketed through the sales platforms
CEWE-PRINT.de, saxoprint and viaprinto. 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 (in future: CEWE Stiftung&Co.
KGaA) is listed on the SDAX.
End of Corporate News
---------------------------------------------------------------------
05.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
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
---------------------------------------------------------------------
215065 05.06.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 05.06.2013 - 16:36 Uhr
Sprache: Deutsch
News-ID 266868
Anzahl Zeichen: 6302
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 377 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: CEWE: shareholders resolve on change in form"
steht unter der journalistisch-redaktionellen Verantwortung von
CEWE COLOR Holding AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
