CeWe Color Holding AG / Restructure of Company
18.03.2009
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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CeWe Color concludes restructuring activities
Oldenburg, 18 March 2009. CeWe Color Holding AG (Prime Standard, ISIN:
DE0005403901) will be completing its restructuring activities sooner than
originally anticipated. Consultations with factory delegates in France
concerning the closure of the plant in Paris have now been concluded. The
lab there will be closed down in May 2009 provided that the inspection
dates required by French law are met. Customers will receive the full range
of services from the remaining plants in Rennes, Montpellier and Freiburg.
The Board of Management expects CeWe activities in France to generate
considerably improved operative earnings as early as in the 2009 business
year thanks to a reduced cost basis.
In addition to the production plant in Paris, CeWe Color will also be
closing down the smaller plant in Teplice in the Czech Republic, which the
company had taken over in a process of market consolidation in 2007.
Business will then be concentrated on the more efficient, far larger plant
in Prague.
With these final plant closures, CeWe Color is already reaching its target
structure in 2009. Restructuring expenses in the current business year will
not exceed a volume of around euros 10 million, which will nevertheless
have a positive effect on operative earnings as early as in 2009.
As of the business year of 2010, CeWe Color will be operating an efficient
system of production throughout Europe, so that the company will no longer
be reporting any extra costs relating to restructuring.
Should you have any queries, please contact:
CeWe Color Holding AG, Hella Hahm (-400) or Axel Weber (-552)
Tel.: 0441 / 404 - 234, Fax: 0441 / 404 - 421,
Email: IR@cewecolor.de, Internet: www.cewecolor.de or www.cewe-fotobuch.de
Financial Diary:
April 7, 2009 Financials press conference-Frankfurter Hof, Frankfurt (9.00)
April 7, 2009 Analyst conference-Frankfurter Hof, Frankfurt (11.00)
May 20, 2009 Publication report Q1/2009
May 28, 2009 Annual General Meeting - Park Hotel, Bremen (10.00)
About CeWe Color: Photo service company CeWe Color, with 15
highly-technical production operations and a staff of around 2,900
employees in 24 European countries, is both market and technological
leader. The company supplied around 2.6 billion photos, more than 2.6
million CEWE PHOTO BOOKS and photo gift articles to more than 50,000 retail
partners in 2008. In 2008 turnover amounted to EUR 420.0 million. CeWe
Color is '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. Sales of personalised CEWE
PHOTO BOOKS are developing extremely well. In 1961, CeWe Color was founded
by Senator h.c. Heinz Neumüller. The company went public under the
leadership of Hubert Rothärmel. CeWe Color Holding AG is listed on the
Prime Standard.
DGAP 18.03.2009
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Language: English
Issuer: 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 Hannover, München, Hamburg, Düsseldorf,
Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: CeWe Color Holding AG: CeWe Color concludes restructuring activities
| Source: EQS Group AG