CEWE Stiftung & Co. KGaA — Earnings Release 2007

May 29, 2007

News Details

Ad-hoc | 29 May 2007 08:24

CeWe Color confirms projected sales and earnings for 2007

CeWe Color Holding AG / Quarter Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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CeWe Color confirms projected sales and earnings for 2007

• Turnover to rise by more than 3 percent
• Number of digital photos: +46,8 %
• Earnings before restructuring slightly improved

Oldenburg, May 29, 2007 – For CeWe Color Holding AG (SDAX, ISIN DE
0005403901) the 2007 financial year started according to plan. Sales rose
by 3.1 percent to EUR 80.1 million during what is an off-peak first quarter
for seasonal reasons. Turnover generated in the company’s own retail stores
in Norway and Central Eastern Europe (+ 17.1 %) and the strong growth in
business with digital photos accounted for a large proportion of this
positive development in sales. While the number of photos from films
dropped by 28.7 percent, to 271.3 million photos, the number of digital
photos rose by more than the market in general, namely by 46.8 percent to
280.7 million photos, hence outstripping the volume of photos produced from
films for the first time ever. Negative season-related pre-tax earnings
(EBT) before restructuring expenses improved slightly in comparison to
those of the first quarter of 2006, from EUR -6.2 million to EUR -5.6
million (+9.7 %). During the first quarter of 2007 CeWe Color absorbed more
than half of the restructuring expenses scheduled for the full year (full
year: EUR 11 million). Earnings before tax (EBT), including EUR 6.2 million
in restructuring expenses, hence amounted to EUR -11.8 million.

Investments in extending technical capacities and in the market image of
the company are bearing fruit. In the first quarter of 2007, 168.4 million
digital photos (+34 %) were ordered and sold in stores. Orders for digital
photos placed in the Internet even grew by as much as 71.5 %, to 112.3
million digital photos (including photo book prints). The CeWe photo book
also continued to perform exceptionally well. CeWe Color will be producing
and selling more than one million photo books in the 2007 financial year.

Outlook for the 2007 financial year confirmed
Given the scheduled development during the first quarter of 2007, CeWe
Color is confirming forecasts made until now. The company expects 2007
turnover to amount to EUR 380 million and earnings before tax and
restructuring to EUR 24.5 million. Net restructuring expenditure is likely
to be on schedule at around 10 million euros and earnings before tax (EBT)
of EUR 14.5 million are expected as planned. Expenses for restructuring
will have an effect on earnings in the short term; however, according to
estimates of the Board of Management, these measures will have a sustained
positive effect on earnings in the Group.

Should you have any queries, please contact:
CeWe Color Holding AG, Hella Hahm, Tel.: 0441 / 404 - 400 (Secretary – 234)
or 0171 / 34 50 530, Fax: 0441 / 404-421,
email: hella.hahm@cewecolor.de, Internet: www.cewecolor.com

DGAP 29.05.2007

Language: English
Issuer: 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: info@cewecolor.de
www: www.cewecolor.de
ISIN: DE0005403901
WKN: 540390
Indices: SDAX
Listed: Geregelter Markt in Berlin-Bremen, Frankfurt (Prime
Standard); Freiverkehr in Düsseldorf, Hamburg, München,
Stuttgart

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