CEWE Stiftung & Co. KGaA — Earnings Release 2000

Jun 21, 2001

News Details

Ad-hoc | 21 June 2001 14:51

CeWe Color Holding AG english

Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Share certificate numbers: 540390, 540392 and 540395 Annual General Meeting of CeWe Color Holding AG: Shareholders receive a dividend payout of EUR 1.00 / Digital future June 21, 2001 – With a clear majority, those present at the Annual General Meeting of the largest independent European photofinisher voted in favour of the proposal of the Board of Management and the Supervisory Board to pay out, subsequent to an allocation to reserves of more than EUR 4.8 million, a cash dividend of EUR 1.00 (approximately DM 1.96) per denominated share from the reported annual net profit for the business year of 2000 on the distributable authorised capital amounting to EUR 14.6 million. The tax credit to be taken into account amounts to EUR 0.43 per share (approximately DM 0.84), which means that the gross dividend amounts to EUR 1.43 (approximately DM 2.80). As already reported, the CeWe Color Group achieved the second-best results in the history of the company. Group turnover rose by 2.3% to EUR 403.2 million. The highest growth rates were generated in Central Eastern Europe (+ 22.2%). All in all, the market share remained stable at more than 23%. The number of films developed by CeWe Color rose by 1.4 %, from 87.0 million to 88.2 million. More than 3.1 billion prints were produced from these films, representing an increase of 2.8%. Profit generated by ordinary business amounts EUR 30.0 million. Profit before corporation tax amounts to EUR 22.8 million, and annual net profit is EUR 13.7 million. Hubert Rothärmel, the Chairman of the Board of Management, reports on a growing photo market, with a steady growth rate both in Europe and worldwide. New digital photo technologies contribute towards this growth rate and act as a motor for the photo industry as a whole. In the fields of digital photography and digital processing, development in photofinishing is fast approaching a mass market standard. Wulf D. Schmidt-Sacht, Member of the Board of Management, presumes that approximately one million digital cameras will be sold in Germany in 2001, in addition to between 3.5 – 4.0 million customary cameras. Market research has shown that those who own a digital camera are particularly keen photographers. Of the digital photos taken in 2001, numbering approximately 320 million, only 20% are currently being printed on paper. This is where both a challenge and a chance lie for the photofinishing group. The corporate group reports on further positive developments for the business year of 2001. The takeover of Konica Photo Service France and the commencement of construction of large, modern plant in Kozle (southern Poland) and Warsaw are among the CeWe Color highlights in the first half of 2001. The CeWe Color Group intends to reinforce its market leadership in Europe, and in doing so, will exploit new opportunities for growth in southern Scandinavia and southern Europe. CeWe Color is striving to achieve a consolidated turnover of approximately EUR 430 – EUR 440 million for the business year of 2001. This represents a growth rate of between 7% and 10%. In view of imminent changes in technology, capital spending has been reduced to approximately EUR 35 million (after EUR 47 million in 2000). Everything went exactly according to plan in the first three months of 2001. Should you have any enquiries, please contact: CeWe Color Holding AG, Hella Meyer Tel.: 0441/404-400 or 0171/3450 530, Fax: 0441/404-421 end of ad hoc announcement (c) DGAP 21.06.2001 ——————————————————————————– WKN: 540390; Index: SDax Listed: Geregelter Markt in Bremen und Frankfurt (SMAX); Freiverkehr in Berlin, Düsseldorf, Hamburg und Stuttgart 211451 Jun 01