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CEWE reports increase in nine-month earnings, 2024 targets confirmed Earnings reports News 

CEWE reports increase in nine-month earnings, 2024 targets confirmed

GaryPageau , 0 comment
CEWE Stiftung & Co. KGaA enters the all-important Christmas quarter with an increase in turnover and a lead in earnings. The company confirmed its annual targets for 2024: in the first nine months, CEWE increased group turnover by +6.3 % to 481.6 million euros (Q1-3 2023: 453.2 million euros) and at the same time improved group EBIT by +3.2 million... Read More
CEWE settles board disagreement with former chairman, no detail given New Products 

CEWE settles board disagreement with former chairman, no detail given

GaryPageau , ,
CEWE Stiftung & Co. KGaA has settled its year-long dispute with former board member and chairman of the board of trustees Dr. Rolf Hollander.  According to a tersely worded press release from the Neumüller CEWE Color Foundation: Differences of opinion in the committee now also formally ended The legal proceedings pending at the Oldenburg Regional Court between the Neumüller CEWE Color... Read More
CEWE fills vacant board position News 

CEWE fills vacant board position

GaryPageau
CEWE Stiftung & Co. KGaA announced Jörg Waskönig, 65, managing partner of Waskönig+Walter Kabel-Werk GmbH u. Co. KG, will fill the vacant Board of Trustees position of Neumüller CEWE COLOR Stiftung. Waskönig was appointed to the four-year term by the Office for Regional Development Weser-Ems (Foundation Supervisory Authority), at the request of the Board of Trustees. A graduate engineer, he... Read More
Rolf Hollander resigns from CEWE board, ending leadership dispute News 

Rolf Hollander resigns from CEWE board, ending leadership dispute

GaryPageau ,
Dr. Rolf Hollander announced he is no longer a member and Chairman of the Board of Trustees of the Neumüller CEWE COLOR Stiftung, ending a contentious upper management dispute that lead to the departure of former CEO Christian Friege. The company’s announcement said Dr. Hollander’s declaration was made “to enable all those involved to return to objective and constructive cooperation.”... Read More
CEWE takes over system supplier for CEWE Photo Station Acquisitions 

CEWE takes over system supplier for CEWE Photo Station

GaryPageau
CEWE Stiftung & Co. KGaA concluded a purchase agreement for Delmenhorst-based Hertz Systemtechnik GmbH as part of its succession plan. CEWE acquires with Hertz Systemtechnik GmbH a specialist for the development and production of POS terminal systems and its long-time partner and supplier for the CEWE Photo Station. Terms weren’t disclosed. “The acquisition of Hertz Systemtechnik GmbH is an excellent... Read More
Dr. Christian Friege appointed to CEWE Board of Management People on the Move 

Dr. Christian Friege appointed to CEWE Board of Management

GaryPageau ,
CEWE Stiftung & Co. KGaA was informed by Alexander Neumüller, the beneficiary of the Neumüller CEWE COLOR Foundation and heir of the company founder, of his decision to appoint Dr. Christian Friege to the Board of Management of the Neumüller CEWE COLOR Foundation upon expiry of his current contract. As the personally liable partner, the Neumüller CEWE COLOR Foundation manages... Read More
CEWE reports improved earnings on level sales Earnings reports News 

CEWE reports improved earnings on level sales

GaryPageau
European photo printing powerhouse CEWE Stiftung & Co. KGaA concluded its 2021 financial year with another strong result according to preliminary as yet uncertified figures. The company said it had operative earnings (EBIT) of 72.2 million euros, a level within the range of 72 to 84 million euros planned for 2021 (2020 EBIT: 79.7 million euros). Turnover amounts to 692.8... Read More
CEWE reports impressive progress on sustainability News 

CEWE reports impressive progress on sustainability

GaryPageau ,
Leading European personalized photo service CEWE reports, in its 11th sustainability report, it has already achieved a target in accordance with the obligations formulated in the Paris Climate Agreement: halving Scope 1 and Scope 2 emissions. In addition, CEWE also pursues a clear and broad-based sustainability orientation with its products. “We are very pleased that we at CEWE have already... Read More
CEWE on track to reach targets after solid third quarter Earnings reports News 

CEWE on track to reach targets after solid third quarter

GaryPageau ,
Europe’s leading photofinisher CEWE Stiftung & Co. KGaA announced third-quarter sales increased by 8.9% to 423.2 million euros, with strong growth in its key CEWE Photobook category. The company narrowed its third-quarter loss to -0.6 million euros,  73% improvement from the 2.4 million euros quarterly loss the prior year. “The first three quarters exceeded our expectations, since our core business segment... Read More
CEWE planning more growth in 2019 as well Earnings reports News Press releases 

CEWE planning more growth in 2019 as well

GaryPageau
Sales of CEWE PHOTOBOOK exceed expectations Corporate targets all reached in 2018: turnover and EBIT each increase by around 9 % Tenth consecutive dividend increase: 1.95 euros per share 2019 forecast: turnover to rise to between 655 and 690 million euros, and EBIT to between 52 and 58 million euros Oldenburg/Frankfurt Main, 28 March 2019. CEWE Stiftung & Co. KGaA... Read More
CEWE achieves all its corporate targets for 2018 Earnings reports News Photo contests 

CEWE achieves all its corporate targets for 2018

GaryPageau ,
CEWE Stiftung & Co. KGaA 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... Read More
CEWE confirms all its annual targets after sound Q3 Earnings reports News Press releases 

CEWE confirms all its annual targets after sound Q3

GaryPageau ,
CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) reaffirms its income forecast for 2018 against a background of sound development in turnover and earnings: Group turnover in the third quarter rose by 6.9 million to 137.2 million euros, with the EBIT at 1.4 million euros, falling short of the figure for the previous year (Q3 2017: 3.6 million euros).... Read More