CeWe Color Holding AG / AGM/EGM 02.06.2010 15:00 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- CEWE COLOR: Clear vote in favour of direction taken by the Group - 99,99 % of those present at the Annual General Meeting resolve on payment of a dividend of EUR 1.05 per share - Rolf Hollander: 'Shareholder-friendly, sustainable dividend policy' - CEWE PHOTO BOOKS, added value products and online marketing drive up growth - Earnings per share to be doubled in 2010 - Attendance rate of 65,37 % Bremen/Oldenburg, 2 June 2010. 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 1.05 per denominated participating share is being paid out for the 2009 business year. 'We are delighted to be able to have our shareholders participate in the effective completion of transformation-related restructuring measures and the successful establishment of digital business - in particular business with CEWE PHOTO BOOKS,' explained Dr. Rolf Hollander, Chairman of the Board of Management of CEWE COLOR Holding AG. The good earnings prospects for 2010 enable the company to pursue a shareholder-friendly and at the same time sustainable dividend policy and for the 2010 financial year the Board of Management forecasts that earnings per share will be double those of the previous year. The high shareholder representation of 65,37 % of the share capital at the Annual General Meeting highlighted the strong interest of the shareholders in the development of the company. Consolidated profit to be paid out in full 99,99 % of those present at the Annual General Meeting approved of the dividend proposal made by the Board of Management and the Supervisory Board. On the basis of the sound financing structure, the rise in earning power and the completion of the transformation phase, the Board of Management and the Supervisory Board proposed payment of a dividend of EUR 1.05 a share (2009 dividend EUR 1.00). With consolidated profits at EUR 6.7 million, this is equivalent to a payout rate of 108%. 'The current continued low need for investment and positive expectations in terms of cash flow from current business operations justify the 108% distribution of consolidated profits,' Rolf Hollander said. The dividend will be paid out as of 4 June 2010 by Clearstream Banking AG, Frankfurt am Main, onto shareholders' accounts held there with the custodian banks, less 25.0 % capital gains tax and a 5.5 % solidarity surcharge on the capital gains tax (26.375% in total). The paying bank for the dividend is BHF-BANK Aktiengesellschaft, Frankfurt am Main. CEWE PHOTO BOOKS, added value products and online marketing drive up growth 'The new added value products such as the CEWE PHOTO BOOK and our high level of expertise in online marketing remain our most significant growth drivers,' Hollander emphasised at the Annual General Meeting. In the first quarterly period of 2010, CEWE COLOR maintained its strong growth in volume for CEWE PHOTO BOOKS: sales grew by 27.5 % to 825,000 CEWE PHOTO BOOKS. The company is thus confirming the positive trend shown in the 2009 business year. The quota of photos ordered in the Internet was also rising steadily: in the first quarter of 2009, 51.4 % of photo orders were placed in the Internet, matched by as much as 59 % for the same period in 2010. Visible proof of the successful transformation from analogue photos to digital photography was the proportion of digital photos, which has now risen to 84.1 % (Q1/2009 77.4 %). Forecast confirmed: earnings per share to be doubled in 2010 The Board of Management of CEWE COLOR Holding AG also confirmed the forecast for the full year on the basis of results achieved in Q1 2010. For the first three months of the current business year, the company reported an increase in turnover, a considerable rise in its earning power and unbroken market success for its added-value products. All the earnings items, from EBITDA to earnings after taxes, were improved in the first quarter of 2010, with first-quarter EBITDA for 2010 increased by EUR 8.4 million to EUR 3.5 million. The Board of Management of CEWE COLOR HOLDING AG also presumes that the company will perform far better than the economic trend in general in 2010: it expects to see exchange-rate adjusted turnover increasing to EUR 420 million to 430 million. Key earnings figures are to develop clearly above average: the management expects EBIT to grow by 28% to 55 %, to EUR 24 million to 29 million; at the same time EBT is to rise from EUR 16.8 million to EUR 22 million to 27 million. After-tax earnings are forecast to rise from EUR 6.7 million to around EUR 12 to 15 million. This means that earnings per share are to double from EUR 1.00 in 2009 to EUR 1.76 to 2.20 (+ 76 % to + 120 %). Financial schedule: 17 August 2010 Announcement of the figures for the second quarter of 2010 30 August 2010 SCC_Small Cap Conference, Frankfurt am Main 16 November 2010 Announcement of the figures for the third quarter of 2010 22 November 2010 German Equity Forum, Frankfurt am 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 2.6 billion photos and more than 3.6 million CEWE PHOTO BOOKS to more than 50,000 retail partners in 2009. 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. Sales of personalised CEWE PHOTO BOOKSare 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 in 1993. CEWE COLOR Holding AG is listed on the SDAX. Should you have any queries, please contact: CEWE COLOR Holding AG, Axel Weber (Investor Relations) or Dr. Hella Hahm (Press) Tel.: 0441 / 404 - 2288, Fax: 0441 / 404 - 421, Email: IR@cewecolor.de, Internet: www.cewecolor.de or www.cewe-fotobuch.de 02.06.2010 15:00 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|] --------------------------------------------------------------------------- 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 Indices: SDAX Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard); Freiverkehr in München, Hannover, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: CEWE COLOR: Clear vote in favour of direction taken by the Group
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