DGAP-News: CeWe Color Holding AG: Group profit to be fully distributed

CeWe Color Holding AG / Dividend

01.04.2009 

Release of a Corporate 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: Group profit to be fully distributed

* CeWe Color proposes a dividend payout of 1.00 euro
* Attractive dividend yield of 6.6% on the actual share price
* Restructuring activities completed: no longer any extra costs 
* Increasing profits as of 2010 will also see a rise in dividends


Oldenburg, 1 April 2009. The Supervisory Board of CeWe Color Holding AG
(SDAX, ISIN: DE0005403901) resolved in its meeting of today to support the
dividend proposed by the Board of Management and to propose a dividend of
1.00 euro for each share eligible for dividends at the General Meeting of
the company on 28 May 2009 (2008 dividend 1.20 euro). This means that the
group profit of seven million euros is being paid out in full to the
company's shareholders.

Attractive dividend yield of 6.6% on the actual share price
On the basis of the actual share price (1 April 2009, 2:40 pm, Xetra),
shareholders will receive a dividend yield of 6.6%. CeWe Color is hence
remaining true to its dividend strategy of past years. 'A substantial
amount of cash flow enables us to allow shareholders to participate in the
positive development of business, in spite of high restructuring costs and
capital expenditure', says Dr. Rolf Hollander, Chairman of the Board of
Management of CeWe Color Holding AG.

Increasing profits as of 2010 are to increase dividends
The Board of Management expects to see income and dividends rising as of
2010 since restructuring activities will be completed during the current
business year. Dr. Rolf Hollander: 'We are delighted that we have been able
to offer our shareholders a dividend of one euro or more for each share,
even in the past few years of restructuring. We expect to see income and
dividends rising after this restructuring phase.' In March CeWe Color
announced that it would be closing production plants in Paris and in
Teplice (Czech Republic). This was the conclusion of a restructuring phase
that has taken five years. During this time earnings had been reduced by
more than ten million euros in restructuring costs every year. 'As of 2010
there will no longer be any extra costs to bear,' says Dr. Hollander.

Recently clearly positive share-price development
In the past few weeks CeWe Color shareholders were delighted to see the
share price gaining significantly. Inspired by the end of the restructuring
phase announced by the company and by its return to the SDAX in March 2009,
the share price rose by approx. 22% in March. Dr. Rolf Hollander: 'The end
of the restructuring measures, which had become necessary through the
transformation from analogue to digital photography, is an important
milestone in the development of CeWe Color as an enterprise. Our
shareholders have registered this turning point very observantly.'

Financial Diary:
7 April 2009 Financials press conference-Frankfurter Hof, Ffm.(9.00 a.m.) 
7 April 2009 Analyst conference  - Frankfurter Hof, Frankfurt (11.00 a.m.)
20 May 2009  Publication report Q1/2009 
28 May 2009  Annual General Meeting - Park Hotel, Bremen (10.00 a.m.)  


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
SDAX.


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



DGAP 01.04.2009 
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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
Indices:      SDAX
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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