DGAP-News

CEWE achieves its corporate targets for 2016

DGAP-News: CEWE Stiftung & Co. KGaA / Key word(s): Preliminary Results CEWE achieves its corporate targets for 2016 22.02.2017 / 07:00 The issuer is solely responsible for the content of this announcement. CEWE achieves its corporate targets for 2016

- Sales targets all achieved in 2016, turnover rises by 7.0 % to 593.1 million euros

- Seasonal peak with CEWE PHOTO BOOK and photo gifts in Q4 as expected

- Group EBIT grows by 29.2 % to 47.0 million euros in 2016 (2015: 36.4 million euros)

- Commercial online printing and retailing also return a positive result

- ROCE increases to 21.3 % (2015: 17.2 %).

Oldenburg, 22 February 2017. CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) reached its turnover and profit targets for the business year of 2016. Preliminary calculations show a 7.0 % increase in turnover, to 593.1 million euros (2015: 554.2 million euros; turnover target for 2016: 555 million to 575 million euros). Operative earnings (EBIT) improved by 29.2 % to 47.0 million euros (2015: 36.4 million euros), thus coming very close to the 2016 EBIT target corridor of 40 million to 46 million euros. "Our Christmas business once again showed how much we benefit from the high level of satisfaction among our customers, our strong brand and our outstanding quality: CEWE PHOTO BOOKS, CEWE CARDS, CEWE CALENDARS and CEWE WALL PICTURES - which we have offered as climate-neutral brand products since Q3 2016 - and the other photo gifts were all clear growth drivers," says Dr. Rolf Hollander, the CEWE Stiftung & Co. KGaA CEO. According to preliminary unaudited figures, it was not only the business segment of photofinishing, but also commercial online printing and retailing that contributed to the positive development. CEWE was successful in exceeding the break-even point in commercial online printing. In the newly positioned business segment of retailing, CEWE confirmed the turnaround in earnings and improved profits once again.