CEWE Stiftung & Co. KGaA - AGM Information 2016

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Corporate | 1 June 2016 14:24

CEWE with seventh consecutive dividend increase

DGAP-News: CEWE Stiftung & Co. KGaA / Key word(s): AGM/EGM

2016-06-01 / 14:24

The issuer is solely responsible for the content of this announcement.

CEWE with seventh consecutive dividend increase

– Annual General Meeting resolves on dividend of EUR 1.60 per share

– Dividend yield at 2.9 %

– Earning power to continue to increase in 2016

– Dr. Hollander: “CEWE is on track, combining a dividend increase and sound growth.”

Oldenburg, 1 June 2016. The regular Annual General Meeting of CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) approved all the agenda items proposed by the management in Oldenburg today. The attendance rate was 61.0 %. The dividend rise is 5 eurocents a share, to 1.60 euros per share – the seventh dividend increase in succession. The dividend yield is 2.9 % on the basis of the 2015 year-end share price (54.61 euros). On the basis of the share price at the end of 2014 (51.51 euros), the CEWE share price grew by 3.10 euros, an increase of 6.0 %, in the period up to the end of December 2015. On the inclusion of the dividend paid out for the business year of 2014, the yield for CEWE shareholders was thus 9.0 % in 2015. With the dividend of 1.60 euros a share now resolved by the Annual General Meeting, the shareholders are also getting an additional dividend yield of 2.9 % on the basis of the 2015 year-end share price. Over and above this, the CEWE share price has already risen by as much as 10.5 % in the current year (as at 31 May 2016).

CEWE combines a steady dividend increase and sound growth

CEWE is thus confirming its position as a high-yield, sound growth share. CEWE invests simultaneously in the brand and the brand product portfolio, in innovations to existing business segments and in growth areas with high potential, such as commercial online printing. “For many years now, our shareholders have been able to rely on us staying on track: we want to consistently increase our dividend in absolute terms, guarantee sound financing and a sound capital ratio, and more than anything else, grow profitably in attractive business segments,” Dr. Rolf Hollander, Chairman of the Board of Management of CEWE Stiftung & Co. KGaA, points out in a talk at the Annual General Meeting. The company has given itself sufficient scope, not only to invest and increase its dividend, but also to allow capital to flow back to the shareholders in the form of the share repurchase which has been in operation since 18 May 2016.

Targets for 2016: earning power and dividends to continue to increase

In the Annual General Meeting, the Board of Management confirmed its aim of continuing to increase income and dividends in the current business year on the basis of the positive development in the first quarter of the year and the expectation of a further rise in the seasonal peak in the fourth quarter. In 2016, consolidated turnover is to increase slightly from 554.2 million euros in 2015 to an amount in the range of 555 to 575 million euros. In this case turnover in photofinishing is to remain approximately stable or increase slightly, the business segment of retailing is to show turnover to be about constant and commercial online printing to continue to increase its turnover. After 77.8 million euros in 2015 (+ 10.4 %), the management believes that commercial online printing can achieve turnover of around 86 million euros in 2016. At the same time CEWE is confirming its target of generating a positive contribution to earnings in 2016 in online printing. The Group EBIT is to be in a corridor of 38 to 44 million euros, EBT is to be in the range of 37 to 43 million euros, and after tax earnings between 25 and 29 million euros. This is equivalent to an increase in the operative EBIT target corridor of around six million euros in comparison to the targets for 2015. At the same time the management confirmed its aim of raising dividends in the coming years as well.

Should you have any queries, please contact:

CEWE Stiftung & Co. KGaA, Axel Weber (Investor Relations)

Tel.: 0441 / 404 – 2288, Fax: 0441 / 404 – 421, Email: [email protected]

Internet: cewe-photobook.com , cewe.de , cewe-fotobuch.de , cewe-print.de , viaprinto.de , saxoprint.de

The CEWE apps are all available in the app stores: CEWE PHOTO WORLD, CEWE POSTCARD, CEWE SERVICE and other photo apps, and the CEWE Investor Relations app for iPad(c) or android tablets, with annual reports and quarterly reports, presentations and sustainability reports.

Financial schedule:

11 August 2016 Publication of the mid-year report as at Q2 2016

19-21 September 2016 Berenberg & Goldman Sachs German Corporate Conference

20-22 September 2016 Baader Investment Conference, Munich

10 November 2016 Publication of the interim report as at Q3 2016

21-22 November 2016 German Equity Forum, Frankfurt

About CEWE : The innovative photo and online print service company CEWE, with twelve highly-technical production operations and a staff of around 3,400 employees in 24 European countries, is both market and technological leader. In 2015 CEWE delivered around 2.2 billion prints, 6.0 million copies of the CEWE PHOTO BOOK and photo gift articles to around 25,000 retail partners to generate consolidated turnover of 554.2 million euros. CEWE is continuously generating new impulses in the photographic industry with innovations for people who enjoy taking photos. In the new business segment of commercial online printing, printed material for businesses is marketed through the sales platforms CEWE-PRINT.de, Saxoprint und Viaprinto. Founded in 1961 by Senator h. c. Heinz Neumüller, CEWE was taken to the stock exchange by Hubert Rothärmel in 1993. CEWE Stiftung & Co. KGaA is listed on the SDAX.

2016-06-01 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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Language:	English
Company:	CEWE Stiftung & Co. KGaA
	Meerweg 30-32
	26133 Oldenburg
	Germany
Phone:	+49 (0)441 40 4-1
Fax:	+49 (0)441 40 4-42 1
E-mail:	[email protected]
Internet:	www.cewe.de
ISIN:	DE0005403901
WKN:	540390
Indices:	SDAX
Listed:	Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart