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RNS - CeWe Color is concentrating its production capacities in Paris

Company: CEWE Stiftung & Co. KGaA Date: 2004-07-13 Language: English Register to download

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 News Details

Ad-hoc | 13 July 2004 08:35

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CeWe Color is concentrating its production capacities in Paris

Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– CeWe Color is concentrating its production capacities in Paris Oldenburg, July 13, 2004 – CeWe Color – the largest photofinisher in Europe – is merging its production capacities in Paris. As of October 30, 2004, the production plant of Konica Photo Service France (KPSF) will be closed down and production will be transferred to the CeWe Color plant 10 kilometres away. Merging production will generate substantial synergy effects and cut costs considerably. For the CeWe Color Group, the market in France is the second-largest one after Germany. Every year 60 million inhabitants use approximately 110 million film rolls. With eight production plants, CeWe Color currently holds a market share in industrial photofinishing of 30 %. The corporate group generated turnover of 71.3 million euros in the 2003 accounting period with a staff of 630 members. On February 1 2001, CeWe Color took over Konica Photo Service France (KPSF) and was hence able to increase its market share of 15 % to 20 %. At that time, CeWe Color was number four on the photofinishing market behind Fuji, Kodak and Spector. The strategically-vital takeover of Konica Photo Service France meant that the sales volume in France was raised by 40 % within a period of three years. At the same time this move enabled Konica Photo Service France listings with important major French retail chains to be assumed by the entire French CeWe Color Group. Dr. Rolf Hollander, Chairman of the Board of Management with CeWe Color Holding AG, points out that merging the two production locations in Paris would generate many synergy effects in the areas of production, logistics, EDP, etc. for the CeWe Color Group and that this would have a positive effect on costs and income. Besides, France is a country with a healthy economy and economic growth is likely to exceed 3 % there this year. The Board of Management of CeWe Color feels that the French market still has potential. Digital photography is one of the most important growth generators on the market, and last month just over 11 % of sales in France were achieved with digital products and services. About CeWe Color: The photo service provider CeWe Color was founded in Oldenburg by Heinz Neumüller in 1961. CeWe Color is represented on the market as a leader in technology with 24 high-tech photofinishing plants and a staff of just over 3,800 in 14 European countries. Every year, a total of 3.4 billion colour prints are supplied to 38,000 customers from the trade. In 2003 turnover amounted to 416.2 million euros. CeWe Color is “first mover” in the launch of new digital technologies and products such as DigitalPhoto, ordering through retailers websites, or in products such as the DigiFilm concept for stationary trade. CeWe Color has been listed on the stock exchange since 1993 and is listed on the Prime Standard. Should you have any queries, please contact: CeWe Color Holding AG, Hella Meyer, Tel.: 0441 / 404 – 400 or 0171 / 34 50 530, Fax: 0441 / 404 – 421, Email: hella.meyer@cewecolor.de, Internet: http//www.cewecolor.com end of ad-hoc-announcement (c)DGAP 13.07.2004 ——————————————————————————– WKN: 540390; ISIN: DE0005403901; Index: SDAX Listed: Geregelter Markt in Berlin-Bremen und Frankfurt (Prime Standard); Freiverkehr in Düsseldorf, Hamburg, München und Stuttgart 130835 Jul 04