DGAP-News: CEWE COLOR decides to buy back own company shares
(firmenpresse) - CeWe Color Holding AG / Share Buyback
24.08.2010 14:03
Dissemination of a Corporate News, transmitted by
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CEWE COLOR decides to buy back own company shares
Oldenburg, 24 August 2010. The Board of Management of CEWE COLOR Holding AG
(SDAX, ISIN: DE0005403901) resolved today to buy back own company shares on
the stock exchange in the period from 25 August 2010 to 31 December 2010.
The repurchase is based on authorisation granted at the Annual General
Meeting of 2 June 2010 to acquire up to 10 % of the company's own shares.
The equivalent value per share (excluding extra acquisition charges) may
not exceed the stock exchange quotation determined in the opening auction
in XETRA trading on the Frankfurt Stock Exchange on the relevant trading
day by more than 10 %.
Success achieved in the first six months triggers repurchase
The Board of Management believes that against the background of a stable,
positive development of operative business and cash flow, the current
share-price level is a favourable point in time to start enhancing scope
for action relating to acquisitions or to enhance the efficiency of
capital. As the company announced on 17 August 2010, CEWE COLOR more than
doubled its return on capital employed (ROCE) on a 12-month basis as at 30
June 2010 to 16.1 %, the 12-month EBIT was increased by EUR 14.5 million to
EUR 25.5 million and free cash flow was raised by EUR 15.4 million in the
first six months of 2010. 'At the current share price, the repurchase of
shares means that shareholders' money is well invested,' said Rolf
Hollander, Chairman of the Board of Management of CEWE COLOR.
Annual targets for 2010 confirmed
On basis of 2010 half year figures the company has confirmed its annual
targets. CEWE COLOR is aiming to double the profit per share to between EUR
1.76 and EUR 2.20 for the full year.
The repurchase of shares is to be exercised independently and without the
influence of the company by BHF Bank, Frankfurt, upon application of the
safe harbour regulations.
CEWE COLOR Holding AG provides information on the daily progress of the
repurchase program on the company's website at
http://www.cewecolor.de/de/investor-relations/cewe-color-aktie/aktienrueck
kaufprogramm.html
Financial schedule:
30 August 2010 SCC Small Cap Conference, Frankfurt/Main
16 November 2010 Announcement of the figures for the third quarter of 2010
22 November 2010 German Equity Forum, Frankfurt am Main
About CEWE COLOR: Photo service company CEWE COLOR, with 12 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.
Should you have any queries, please contact:
CEWE COLOR Holding AG
Axel Weber
Tel.: 0441 / 404 - 2288, Fax: 0441 / 404 - 421,
Email: IR(at)cewecolor.de, Internet: www.cewecolor.de or www.cewe-fotobuch.de
24.08.2010 14:03 Ad hoc announcement, Financial News and Press 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 Frankfurt (Prime Standard), Berlin;
Freiverkehr in Hamburg, München, Düsseldorf, Hannover,
Stuttgart
End of News DGAP News-Service
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Datum: 24.08.2010 - 14:03 Uhr
Sprache: Deutsch
News-ID 32057
Anzahl Zeichen: 0
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Kategorie:
Business News
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