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A global photographic competition that unites everybody

Which photos bring back pleasant memories? Which situations put a smile people’s faces? Those who think about these questions are ideal candidates for taking part in the CEWE Photo Award, which is launched in its fourth edition today. In recent years, the photographic competition showed that photos speak a universal language that connects people around the world. This is a characteristic that has become ever more important lately. The theme “Our world is beautiful” is meant to draw attention to what is beautiful and protection-worthy in all situations of life. Each participant contributes to making the world a slightly better place: For each photo entered, CEWE is going to donate 10 cents to SOS Children's Villages.

CEWE in a stable position: good first quarter in spite of coronavirus

CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) grew in the first quarter of 2020 despite an initial coronavirus pandemic impact: turnover was even raised by 4.1% over that of the same quarter of the previous year, to 144.8 million euros (Q1 2019: 139.2 million euros). At 1.8 million euros, EBIT for the first quarter only just falls short of the same quarter of the previous year (Q1 2019: 2.3 million euros) despite the impact of the coronavirus crisis. This positive result is mainly based on the core business of photofinishing, which recently once more received two TIPA World Awards: the CEWE PHOTOBOOK won an award in the "Best Photo Service Worldwide" category", and WhiteWall was chosen as the "Best Photo Lab". With growth at 10.8%, photofinishing sales increased to 114.7 million euros (Q1 2019: 103.5 million euros). Besides organic growth and the increase resulting from the WhiteWall acquisition, the "stay-at-home" effect, which began at the end of March, also contributed to this increase in turnover. The business segments of commercial online printing and retailing, on the other hand, were affected by the coronavirus shutdown. "The strong performance of our core business shows just how resilient we are in terms of photofinishing," says Dr. Christian Friege, Chairman of the CEWE Stiftung & Co. KGaA Board of Management. "We are, however, currently not in a position to reliably forecast what impact the coronavirus will have on our business in the coming few months. We can see the challenges and we have handled them well: CEWE is stable and very soundly positioned."

CEWE facing the corona crisis after a good year in 2019

In light of the current corona pandemic, CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) has taken extensive measures to provide its staff with maximum protection and to continue to ensure that its products are available for order. In doing this CEWE is excellently positioned as an omnichannel supplier. Even if retail stores are closed, consumers can all order any CEWE photo product online; orders will also be delivered direct to their home by mail. CEWE presented its corporate figures for 2019 during the annual report and analysts' press conference held today. In the financial year of 2019, CEWE increased its turnover by 10.1% to 714.9 million euros (2018: 649.3 million euros), thus exceeding its own target (675 to 710 million euros). The biggest growth driver was the main business segment of photofinishing, which saw turnover growing by 13.8% to a current 568 million euros. At 57.8 million euros (2018: 55.7 million euros), operative earnings (EBIT) reached the upper end of the target corridor – in spite of provisions previously announced for LASERLINE improvement measures in commercial online printing already having been incorporated in an amount of 5 million euros. Given this stable positive development trend, the Board of Management and the Supervisory Board is now in a position to propose to the Annual General Meeting an eleventh consecutive increase in dividends: from 1.95 in the previous year to 2.00 euros. With a sound balance sheet and a capital ratio of 53.6% (prior to IFRS 16 lease accounting), CEWE considers itself to be equipped for the potential impact of the global corona crisis on the Group's own business development. "Customer satisfaction and customer loyalty are a sound foundation for CEWE, a foundation on which we develop the value of our company. And this is why we intend to do everything to continue to delight people for the CEWE product world," says Dr. Christian Friege, CEWE Stiftung & CO. KGaA CEO, on the occasion of the CEWE annual report and analysts' press conference held today.

Making it easy to take perfect baby photos

Marvelling at the world with curious eyes, a first smile, or a sweet moment shared with a proud big brother – the number of family pictures taken increases immensely with the birth of a child. Time seems to fly by, and you want to capture and preserve those unique moments and even the smallest progress forever. With the tips and tricks from our CEWE photo expert Robert Geipel, taking pictures of your offspring is bound to be a success

Now is the time to create a CEWE PHOTOBOOK at home

Withdrawal into the private sphere is taking on an all new dimension right now, and everybody is talking about “cocooning”. However, spending more time at home can quickly become a challenge – especially for families with children. Browsing through photos and creating a CEWE PHOTOBOOK is a great group activity that allows you to indulge in happy memories and to stimulate creativity.

“Thanks, mum!” – show mum you care with personalised photo products from CEWE

Unconditional support, kind words in tough times and the best hugs… mum is always there. On 10 May, as Germany celebrates Mother’s Day, you can say “Thanks, mum!” in the right way with a personalised CEWE photo product featuring one of our special Mother’s Day designs. Turn your memories into individual gift ideas with CEWE, the perfect way to thank the best mum in the world from the bottom of your heart for all the things we sometimes take for granted.

Practically paw-fect!

Our pets are an important part of our families and taking photos of them is the best way to immortalise special moments, exciting experiences and daily life with them. The thing is, though, that Fido and Felix don’t always behave how we want them to when they have a camera pointed at them. Plus, their sizes require a special approach during the shoot. Here are CEWE expert and photographer Fenna Willers’ five top tips for getting the best photos of your four-legged friends.

Only you – the new photo gift boxes from CEWE are sure to add that special personal touch on Valentine’s Day

Flowers don’t last forever, but memories do. The best way to show someone how you feel and add that allimportant personal touch is to find a gift that reminds them of the special moments you have shared together. With Valentine’s Day just around the corner, CEWE is offering a photo gift box in two different designs that is sure to make for a special surprise. A whole host of other photo products will also be available in an exclusive Valentine’s Day design.

CEWE will provide its Omnichannel offer at Boots from 2020

CEWE, Europe's market leader in photofinishing, is to become an exclusive partner for the photo service operated by Boots the leading pharmacy-led health and beauty retailer in the UK and Republic of Ireland. Under the heading of "Bootsphoto powered by CEWE" customers will be

able to order CEWE products on the Boots website as well as in more than 1,000 retail stores. Around 2,500 CEWE photo stations and product displays are to be set up at the points of sale. Customers can print CEWE INSTANT PHOTOS or order other products such as the CEWE PHOTOBOOK or the CEWE branded cards and calendars at these CEWE photo stations.

CEWE clearly on track to reach targets after Q3

CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) is clearly on track to achieve its corporate targets for 2019 thanks to a positive development in sales and earnings in the first three quarterly periods: Group turnover increased by 8.9% (34.4 million euros) in the first three quarters, to 423.2 million euros. EBIT improved in this period by 73.2% to -0.6 million euros (Q1-3 2018: -2.4 million euros). "The first three quarters exceeded our expectations, since our core business segment of photofinishing in particular is growing strongly. We are well-prepared for the anticipated seasonal peak in the fourth quarter," emphasises CEO Dr. Christian Friege. Christmas business, which has been expanding for many years, traditionally contributes the entire amount of annual net income. This is how CEWE is right on track to reach its targets: Group turnover is to increase to a range between 675 and 710 million euros, Group EBIT is to be in a corridor of 51 to 58 million euros, EBT between 50.5 and 57.5 million euros and after-tax earnings between 35 and 39 million euros.

Media Alert: Perfect Christmas photos with tips from CEWE

When the whole family comes together on Christmas evening to celebrate the most pleasant time of the year, special moments are created. Whether it's during a festive Christmas dinner, when unwrapping gifts or spending some cosy time together by the decorated Christmas tree – Christmas Eve provides numerous situations for unforgettable family photos. CEWE expert Robert Geipel offers the following tips for making sure these photos turn out perfectly.

CEWE with another increase in turnover in the first half of 2019

 

CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) sees itself right on track to reach all its scheduled annual targets for 2019 after a positive first half year. Group turnover, at 272.0 million euros, is 7.6 % higher than turnover generated in the same period of the previous year (HY1 2018: 252.7 million euros). In spite of the transaction costs incurred as a result of taking over wall art specialist WhiteWall, EBIT improved clearly by 2.2 million euros to round off at - 0.9 million euros (HY1 2018: - 3.0 million euros) in what is traditionally a negative first half year for seasonal reasons. The mid-year figures confirm the forecast made by the Board of Management for the current financial year: Group turnover is to increase to an amount in the range of 675 to 710 million euros in 2019 (2018: 653.3 million euros), Group EBIT is to be in a corridor of 51 to 58 million euros, EBT in the range of 50.5 to 57.5 million euros, and after-tax earnings in the range of 35 to 39 million euros. Important indicators thus all exceed those of the previous year.

CEWE: dividend increases for the tenth time in succession

The regular Annual General Meeting of CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901), with attendance at 65.9 %, approved all the agenda items proposed in Oldenburg today. At 1.95 euros per share, the dividend increases by 10 euro cents over that of the previous year – the Group's tenth consecutive dividend increase. The dividend yield is thus 3.1 % on the basis of the 2018 year-end share price. "Our consistent growth and the fact that our financial position is sound in every respect mean that our shareholders have been able to rely on increasing dividends for a whole decade," explains CEWE CEO Dr. Christian Friege.

CEWE Photo Award 2019 is the largest photography competition in the world

The deadline for entries has barely come to a close and the CEWE Photo Award is already setting new standards. Over the course of the past year, the “Our world is beautiful” theme has attracted 448,152 photo submissions, making it the most popular international photography competition of its kind. The jury, led by renowned photographer Yann Arthus-Bertrand, is eagerly looking forward to selecting the best entries in a task that is sure to be both fun and challenging. The decisions will be announced on 26 September at a grand awards ceremony in Vienna.

CEWE planning more growth in 2019 as well

CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) achieved or exceeded all of its corporate targets in the 2018 financial year with turnover of 653.3 million euros (2017: 599.4 million euros) and EBIT of 53.7 million euros (2017: 49.2 million euros). On the basis of this positive development and the extremely sound financial position of the Group, the Board of Management and the Supervisory Board will be proposing the tenth consecutive dividend increase to shareholders: 1.95 euros per share (dividend for the previous year: 1.85 euros) at the Annual General Meeting. CEWE intends to continue to grow in the 2019 financial year as well: turnover is to increase to between 655 and 690 million euros, and EBIT to between 52 and 58 million euros. In 2019, the EBIT earnings corridor is thus to exceed the target for the previous year by around 4 million euros. "We are seeing the result of a simple yet effective strategy: the value of our company is enhanced by satisfied customers who place renewed orders and recommend us. We will resolutely maintain our pursuit of this basic idea in future, and plan to see it continuing to increase the value of our company and its dividends," says Dr. Christian Friege, Chairman of the CEWE Stiftung & Co. KGaA Board of Management, in the CEWE Annual Report and analysts' press conference held today in Frankfurt.

CEWE achieves all its corporate targets for 2018

CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) reached its turnover and profit targets for the financial year of 2018. Preliminary calculations show a 9.0% increase in turnover, to 653.3 million euros (2017: 599.4 million euros, turnover target for 2018: 630-665 million euros). CEWE achieved this through positive growth in the CEWE PHOTOBOOK and other photo gifts in the Christmas season. This enabled CEWE to withstand the general weakness in retailing in 2018, which was most affected by the weak summer months. The trend towards mobile devices and apps backs up CEWE's success: an increasing number of people are taking photos with their smartphone and placing orders, including mobile orders, for more and more photo products showing their personal photos. Operative earnings (EBIT) thus improved in total by 9.2%, to 53.7 million euros (2017: 49.2 million euros), coming very close to the 2018 EBIT target corridor of 48-54 million euros. The fourth quarter of 2018 considerably boosted growth and income: with turnover at 261.6 million euros (+11.6%) and EBIT at 55.7 million euros (+20.8%), CEWE once again clearly exceeded the strong figures of the previous year.

Contact

Your contacts for press, sustainability and sponsoring

Christian Stamerjohanns (PR Manager)
Wiebke Buchner (Press)
Nicole Stephan (Sponsoring and press)
Fenna Willers (Sustainability and press)

Phone: +49 (0) 441 404-3850
E-Mail: presse@cewe.de

CEWE Stiftung & Co. KGaA
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