CEWE Stiftung & Co. KGaA: Significant increase in earnings in 2020 financial year
January 22, 2021 at 11:29 am
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DGAP-Ad-hoc: CEWE Stiftung & Co. KGaA / Key word(s): Preliminary Results
CEWE Stiftung & Co. KGaA: Significant increase in earnings in 2020 financial year
22-Jan-2021 / 17:27 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
CEWE Stiftung & Co. KGaA:
Significant increase in earnings in 2020 financial year
Oldenburg, 22 January 2021. Initial figures, as yet uncertified, on the 2020 financial year show CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE0005403901) concluding the year with a significant increase in earnings: Group turnover in 2020 increased in the range of around 727 million euros (2019 FY: 720.4 million euros) and EBIT improved more than proportionately to a level of around 79 million euros (2019 FY: 56.8 million euros).
The increase in earnings resulted from another even brisker Christmas season in photofinishing, with CEWE once again showing its strong stay-at-home quality in this core business segment. The photofinishing product categories all contributed to growth, thus more than compensating for the negative impact of the coronavirus pandemic on the business segments of commercial online printing and retailing.
CEWE will as usual be publishing the company's preliminary unaudited figures for the 2020 financial year in February. Audited annual financial statements will all be presented at the annual report and analysts' press conference on 25 March 2021.
Notifier: Axel Weber, Head of Investor Relations, Planning & Reporting
22-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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:
IR@cewe.de
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, Tradegate Exchange
Cewe Stiftung & Co KGaA is a Germany-based company engaged in the photo processing services. The Company provides photofinishing and online print services. Cewe Stiftung & Co KGaA supplies both the over-the-counter trade and the Internet trade with photos and digital products. The Companyâs activities are divided into three segments. The Photofinishing unit produces and sells photo products. The Proprietary Retail unit trades photo hardware and photo products to end consumers through various brands, such as Fotojoker, Fotolab and Japan Photo, among others. The Online Printing unit operates though online printing portals, such as www.cewe-print.de and others. In addition, the Company sells its own products and photographic hardware, such as cameras. It owns production plants in Poland, Germany and France, among others, as well as distribution branches in Norway, Sweden and Belgium, among others.