DGAP-News: CeWe Color Holding AG / Key word(s): AGM/EGM
CEWE COLOR: Clear vote in favour of direction taken by the Group
18.05.2011 / 15:25
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Press Release
CEWE COLOR: Clear vote in favour of direction taken by the Group
- 99.955% of those present at the Annual General Meeting resolve on
payment of a dividend of EUR 1.25 per share
- Attendance rate of 63.95 % at the 2011 Annual General Meeting
- Earnings per share to rise by up to 39 % in 2011
Bremen/Oldenburg, 18 May 2011. The regular Annual General Meeting of CEWE
COLOR Holding AG (SDAX, ISIN: DE 0005403901) confirmed the strategy of the
Group and approved of all the items on the agenda proposed by the
management in Bremen today. A dividend of EUR 1.25 per denominated
participating share is being paid out for the 2010 business year. On the
basis of the share price of EUR 35.35 per share (on 18 May 2011, 13:50
a.m./p.m., Xetra, point in time of the AGM resolution), shareholders will
hence be receiving a dividend yield of 3.5 %.
Growing cash flow, rise in return on capital employed and positive capital
ratio
The Board of Management and the Supervisory Board had proposed an increase
in the dividend for 2010, although as much as 108% of the earnings, and
thus more than had been generated, had been paid out for 2009. Against the
background of the 159% increase in the free cash flow, to EUR 25.6 million,
and a strong rise in the return on capital employed to 17.8% for 2010
(2009: 11.7%), today's Annual General Meeting resolved on a dividend that
is 19% higher than that of the previous year. 'The positive capital ratio,
the increase in earning power and the high cash flow make this record
payout possible. What is important for us is to invest in corporate growth
at the same time,' says Dr. Rolf Hollander, Chairman of the Board of
Management of CEWE COLOR Holding AG. The company intends to continue to
combine a high dividend payout rate and investment in the future.
Growth in the annual net profit for 2011 of up to 39%
In 2011 the CEWE PHOTO BOOK will once again be contributing considerably to
the success of the company. The annual net profit for 2011 is to climb by
up to 39%, to EUR 16 million to 19 million and earnings per share are to be
in a range of EUR 2.36 to 2.80 (2010: EUR 2.02). 'The results for the first
quarter confirm this target,' Dr. Hollander emphasises.
Growth sector of commercial digital printing
CEWE COLOR is currently establishing an online printing service for small
volumes of high-quality, fast prints with viaprinto.de. The viaprinto.de
webshop is easy to operate, processing PDF as well as Word and PowerPoint
files. Earnings projected for 2011 include moderate start-up financing.
Following the development phase, viaprinto is to make a relevant
contribution to sales and earnings. 'We want to create a basis for a
continued positive development in sales and earnings for CEWE COLOR with
commercial digital printing,' Dr. Hollander added.
Should you have any queries, please contact:
CEWE COLOR Holding AG, Axel Weber (Investor Relations), Thomas Grunau
(Press)
Tel.: 0441 / 404 - 2288, Fax: 0441 / 404 - 421,
Email: IR@cewecolor.de
Internet: www.cewecolor.de , www.cewe-fotobuch.de , www.viaprinto.de
Financial schedule:
11 August 2011: Q2 mid-year report
29 August 2011: SCC Small Cap Conference, Frankfurt/Main
15 November 2011: Q3 interim report
21 November 2011: German Equity Forum, Frankfurt/Main
About CEWE COLOR: Photo service company CEWE COLOR, with 12 highly
technical production operations and a staff of around 2,700 employees in 24
European countries, is both market and technological leader. The company
supplied around 2.5 billion photos and more than 4.3 million CEWE PHOTO
BOOKS to 45,000 retail partners in 2010. CEWE COLOR is a 'first mover' in
the launch of new digital technologies, for example ordering digital photos
in the Internet or with the help of order terminals (DigiFoto Makers) in
retail stores. Growth of personalised photo products such as the CEWE PHOTO
BOOK is exceptionally strong. In 1961, CEWE COLOR was founded by Senator
h.c. Heinz Neumüller. The company went public under the leadership of
Hubert Rothärmel in 1993. CEWE COLOR Holding AG is listed on the SDAX.
End of Corporate News
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Language: English
Company: CeWe Color Holding AG
Meerweg 30-32
26133 Oldenburg
Deutschland
Phone: +49 (0)441 40 4-1
Fax: +49 (0)441 40 4-42 1
E-mail: IR@cewecolor.de
Internet: www.cewecolor.de
ISIN: DE0005403901
WKN: 540390
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard);
Freiverkehr in Düsseldorf, Hamburg, Hannover, München,
Stuttgart
End of News DGAP News-Service
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125256 18.05.2011
DGAP-News: CEWE COLOR: Clear vote in favour of direction taken by the Group
| Source: EQS Group AG