DGAP-News
CEWE: Sales, turnover and profit on target at mid-year
DGAP-News: CEWE COLOR Holding AG / Key word(s): Half Year Results
CEWE: Sales, turnover and profit on target at mid-year
14.08.2013 / 07:00
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CEWE: Sales, turnover and profit on target at mid-year
- Turnover grows by 7.8% to EUR 218.2 million
- Online printing rises by 60.4% to EUR 27.2 million
- Capital ratio continues to rise, to 38.1%
- Christmas season decisive for annual net income
- Annual forecast confirmed
Oldenburg, 14 August 2013. CEWE COLOR Holding AG (SDAX, ISIN: DE
0005403901) continued to grow in the first six months of 2013, increasing
turnover by 7.8% to EUR 218.2 million. Besides strong growth in the future
business of online printing (+60.4%, to EUR 27.2 million), retail business
(+7.6% to EUR 52.2 million) and photofinishing (+1.4% to EUR 138.8 million)
also contributed to this increase. In the first half-year period, which is
typically negative for seasonal reasons, the operative Group EBIT (adjusted
by EUR 3.3 million in extra expenses for location mergers) was - EUR 7
million (previous year adjusted by extra expenses: - EUR 6.1 million). The
proportion of earnings in the annual net income generated in the first six
months of the year is reduced due to the continuing seasonal shift into the
fourth quarter. The 12-month return on capital employed (ROCE) reached
13.8%. 'We are thus fully in line with our target for 2013 in all our
categories, and we are confirming our forecast. We made intensive use of
the first six months to prepare ourselves for the fourth quarter, the
period which is the focus of our turnover and earnings, with product
innovations and with reinforcing the brand,' says Dr. Rolf Hollander,
Chairman of the Board of Management of CEWE COLOR Holding AG. In spite of
the positive development in the first six months, the seasonal shift to the
fourth quarter resulting from digitisation will continue with a negative
impact on the third quarter.
Turnover per photo grows with the trend to added value products
The positive development in the business segment of photofinishing, with
turnover growing by 1.4% to EUR 138.8 million, is the result of a trend
towards added value products. In the first six months of 2013, sales of the
CEWE PHOTO BOOK rose by 3.5% to 2.195 million books. At 967.8 million
photos sold, turnover per photo increased by 7.0% over that of the same
period of the previous year in the first six months of 2013.
Profitability in core business guarantees growth
- Turnover grows by 7.8% to EUR 218.2 million
- Online printing rises by 60.4% to EUR 27.2 million
- Capital ratio continues to rise, to 38.1%
- Christmas season decisive for annual net income
- Annual forecast confirmed
Oldenburg, 14 August 2013. CEWE COLOR Holding AG (SDAX, ISIN: DE
0005403901) continued to grow in the first six months of 2013, increasing
turnover by 7.8% to EUR 218.2 million. Besides strong growth in the future
business of online printing (+60.4%, to EUR 27.2 million), retail business
(+7.6% to EUR 52.2 million) and photofinishing (+1.4% to EUR 138.8 million)
also contributed to this increase. In the first half-year period, which is
typically negative for seasonal reasons, the operative Group EBIT (adjusted
by EUR 3.3 million in extra expenses for location mergers) was - EUR 7
million (previous year adjusted by extra expenses: - EUR 6.1 million). The
proportion of earnings in the annual net income generated in the first six
months of the year is reduced due to the continuing seasonal shift into the
fourth quarter. The 12-month return on capital employed (ROCE) reached
13.8%. 'We are thus fully in line with our target for 2013 in all our
categories, and we are confirming our forecast. We made intensive use of
the first six months to prepare ourselves for the fourth quarter, the
period which is the focus of our turnover and earnings, with product
innovations and with reinforcing the brand,' says Dr. Rolf Hollander,
Chairman of the Board of Management of CEWE COLOR Holding AG. In spite of
the positive development in the first six months, the seasonal shift to the
fourth quarter resulting from digitisation will continue with a negative
impact on the third quarter.
Turnover per photo grows with the trend to added value products
The positive development in the business segment of photofinishing, with
turnover growing by 1.4% to EUR 138.8 million, is the result of a trend
towards added value products. In the first six months of 2013, sales of the
CEWE PHOTO BOOK rose by 3.5% to 2.195 million books. At 967.8 million
photos sold, turnover per photo increased by 7.0% over that of the same
period of the previous year in the first six months of 2013.
Profitability in core business guarantees growth
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