DGAP-News 264 0 Kommentare CEWE Stiftung & Co. KGaA: Reduced value added tax on CEWE PHOTO BOOK maintained in 2016 - Seite 2

increases for consumers. In the event of the application of the higher rate
of value added tax as of 2017, the liability would be presumed to be
similar according to current information.

Full year of 2015 and targets for 2016



CEWE Group                      Unit           2015 actual      2016 target
Turnover                        in EUR m.      554.2            555 - 575
EBIT                            in EUR m.      36.8             38 - 44
EBT                             in EUR m.      36.3             37 - 43
Earnings after tax              in EUR m.      22.7             25 - 29
Earnings per share diluted      EUR/share      3.24             3.53 - 4.10

Should you have any queries, please contact:
CEWE Stiftung & Co. KGaA, Axel Weber (Investor Relations)
Tel.: 0441 / 404 - 2288, Fax: 0441 / 404 - 421, Email: IR@cewe.de

Internet: cewe.de , cewe-fotobuch.de , cewe-photobook.com , cewe-print.de,
viaprinto.de , saxoprint.de, deindesign.de

The CEWE apps are all available in the app stores: CEWE PHOTO WORLD, CEWE
POSTCARD, CEWE SERVICE and other photo apps, and the CEWE Investor
Relations app for iPad(c) or android tablets, with annual reports and
quarterly reports, presentations and sustainability reports.

Financial schedule:
12 May 2016 Publication of the interim report as at Q1 2016
1 June 2016 2016 Annual General Meeting, Weser-Ems-Halle, Oldenburg
11 August 2016 Publication of the mid-year report as at Q2 2016
19-21 September 2016 Berenberg & Goldman Sachs German Corporate Conference
20-22 September 2016 Baader Investment Conference, Munich
10 November 2016 Publication of the interim report as at Q3 2016
21-22 November 2016 German Equity Forum, Frankfurt

About CEWE: The innovative photo and online print service company CEWE,
with twelve highly-technical production operations and a staff of around
3,400 employees in 24 European countries, is both market and technological
leader. In 2015 CEWE delivered around 2.2 billion prints, 6.0 million
copies of the CEWE PHOTO BOOK and photo gift articles to around 25,000
retail partners to generate consolidated turnover of 554.2 million euros.
CEWE is continuously generating new impulses in the photographic industry
with innovations for people who enjoy taking photos. In the new business
segment of commercial online printing, printed material for businesses is
marketed through the sales platforms CEWE-PRINT.de, Saxoprint und
Viaprinto. Founded in 1961 by Senator h. c. Heinz Neumüller, CEWE was taken
to the stock exchange by Hubert Rothärmel in 1993. CEWE Stiftung & Co. KGaA
is listed on the SDAX.

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20.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de

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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

End of News DGAP News Service
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