DGAP-News

CEWE wants to see a renewed rise in earning power

DGAP-News: CEWE Stiftung & Co. KGaA / Key word(s): Final Results
CEWE wants to see a renewed rise in earning power

25.03.2015 / 07:00

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CEWE wants to see a renewed rise in earning power

- 2014 profit targets all reached

- ROCE increases to 16.9 %

- Dividend to increase for the sixth time in succession

- CEWE ends 2014 free of debts and with a capital ratio of 51.1%

- Operative earnings targets for 2015 raised by two million euros over
those for 2014

- CEWE distinguished by Superbrand Germany

Oldenburg/Frankfurt am Main, 25 March 2015. After the successful business
year of 2014 in which CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901)
achieved all their profit targets, the Board of Management and the
Supervisory Board will propose another dividend increase, of 5 eurocents to
1.55 euros a share - the sixth dividend increase in succession. CEWE has
not only paid out a dividend that increases year-by-year; the company has
in the meantime also repaid all its debts: After reporting a net financial
debt of 16.3 million euros at the end of 2013, the company had net assets
of 23.5 million euros at the end of 2014. CEWE is thus debt-free and
reports a sound capital ratio of 51.1 %. "CEWE is ideally positioned with
its first-class service, its strong brand - which has just been
distinguished as an outstanding brand with the Superbrand Award - and with
its excellent image. As a debt-free company with a sound capital ratio and
a strong business model in terms of its income and cash flow, we are well
positioned to generate more growth, independently of the financing
environment. Not least of all, we were also in a position to enable our
shareholders to participate in the positive development of the company with
a rise in the dividend," says Dr.Rolf Hollander, Chairman of the Board of
Management of CEWE Stiftung & Co. KGaA. CEWE is aiming for more
earnings-oriented growth in 2015: The Board of Management expects income to
exceed the targets for 2014 by around 2 million euros at all operative
earnings levels. The high earnings power of photofinishing business is to
continue to contribute to the expansion of high-potential commercial online
printing. This was announced by CEWE during the Annual Report Press
Conference held today in Frankfurt am Main. In 2014 turnover amounted to
523.8 million euros (currency-adjusted: 527.5 million euros; previous year