DGAP-News

CEWE: Twelfth Consecutive Dividend Increase - Seite 2

Clear increase in earnings in Q1 2021
CEWE started 2021 with significantly better earnings as shown by the first three months. The deciding success factor was once again positive earnings in the core business segment of photofinishing. With growth robust at 9.0%, photofinishing sales increased to 125.0 million euros (Q1 2020: 114.7 million euros), thus virtually compensating for declines caused by the lockdown in the business segments of Retailing and Commercial Online Printing. Group turnover, at 145.9 million euros, thus fell just short in total of that of the same quarter of the previous year (Q1 2020: 146.4 million euros). At the same time, the earning power of the company improved significantly: Group EBIT in the first quarter rose to 8.6 million euros (Q1 2020: 2.0 million euros) - an increase of 6.6 million euros. This manifested the long-term trend towards an increasingly stronger first quarterly period. "We are immensely delighting more and more people with our photo products, and this sees our core business segment of photofinishing getting CEWE through this pandemic period with a steady growth in earnings overall. The key to this success is our focus on our customers, our innovative capacity and our strong online business in cooperation with our retail partners," Dr. Friege explains.

CEWE Photo Award is once again the largest photo competition in the world
With a record number of entries, with 606,289 photos sent in from more than 170 countries, the CEWE Photo Award with its motto of "Our World is Beautiful" is once again the biggest photographic competition in the world. In September a top-class international jury - headed by renowned French photographer Yann Arthus-Bertrand as jury president - will choose the overall winner during a gala event in Berlin. In line with the photographic competition, CEWE will be donating 10 cents to SOS Children's Villages International for every photo sent in.

Three TIPA awards for the CEWE Group
The CEWE Group recently managed to win as many as three TIPA awards. The awards are among the most prestigious distinctions in the industry. With its A2 Gold Edition photo calendar, CEWE was crowned "Best Photo Service Worldwide" and also came in first in the "Best Retail Finishing System Worldwide" category with its CEWE Photo Centre. WhiteWall added to the awards with the TIPA World Award for the WhiteWall RoomView function. Together with the awards won so far, the CEWE Group has thus now won a total of ten TIPA World Awards.