CEWE is extending Europe's most modern printing site in Dresden

CEWE is extending Europe's most modern printing site in Dresden

• Concentration of production at Saxoprint in Dresden enhances production efficiency
• Expansion of sales activities at LASERLINE in Berlin
• CEWE 2019 Group EBIT expected to be clearly at the top end of the target corridor of up to 58 million euros in spite of one-off expenditure for rearrangement activities in commercial online printing

Berlin/Dresden/Oldenburg, 22 January 2020. CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901), Europe's photofinishing market leader and commercial online printing specialist, is reinforcing its Dresden printing site: as of mid-year, a major share of the orders placed with Berlin printing specialist LASERLINE, a full subsidiary of CEWE Stiftung & Co. KGaA, is also to be produced at Saxoprint in the Saxon capital. In the past few years, CEWE has developed Saxoprint to make it Europe's most modern online printing enterprise. In the business segment of commercial online printing, a staff of more than 500 employees produces and markets commercial printing products in nine European countries.

Highly efficient production at Saxoprint in Dresden
Nothing will change for customers with LASERLINE in Berlin: the usual quality of service and sales as well as direct collection will remain unchanged. Nor will there be any comprising of the efficiency and quality of the LASERLINE range of products and services. Sales in Berlin are also to be considerably expanded. In relocating its production to Saxoprint in Dresden, CEWE is boosting other synergies in terms of a more efficient printing process. Carsten Heitkamp, Personnel and Production Director at CEWE: "We see positive perspectives for growth for commercial online printing in the coming years, with our range of sales brands targeting different customer groups and our production being concentrated at Saxoprint in Dresden. This strategy puts us in a good position for the future.

CEWE Group EBIT for 2019 expected to reach clearly the upper target of 58 million euros
The employees working in Production at LASERLINE, numbering around 60, have been offered continued employment with Saxoprint in Dresden or at other CEWE Group production locations. In Berlin, the scheduled increase in employment in the area of sales and service is to compensate for the effect of concentrating production in Dresden, with all the costs incurred as part of this reorganisation already having been accounted for and accrued in the CEWE consolidated income for 2019. In spite of these one-off costs, CEWE expects its Group EBIT to be clearly at the top end of the target corridor planned for 2019 in the amount of up to 58 million euros. CEWE will probably be publishing its preliminary figures for Group turnover and Group EBIT as early as on 6 February 2020.

Should you have any queries, please contact:
CEWE Stiftung & Co. KGaA, Axel Weber (Investor Relations)
Tel.: 0441 / 404 - 2288, Fax: 0441 / 404 - 421, Email: IR@cewe.de

Internet: cewe.de , deindesign.de , whitewall.com , cheerz.com ,
cewe-print.de , viaprinto.de , saxoprint.de, laser-line.de

The CEWE apps are all available in the app stores: CEWE PHOTO WORLD, CEWE POSTCARD and other photo apps, and the CEWE Investor Relations app for iPad(c) or android tablets, with annual reports and quarterly reports, presentations and sustainability reports.

Financial schedule
(insofar as already scheduled)

24.3.2020 Bankhaus Lampe Germany Conference, Baden-Baden
26.3.2020 CEWE Annual Report and analysts' press conference, Frankfurt
26.3.2020 Publication of the 2019 Annual Report
26.03.2020 Press release on the CEWE Annual Report and analysts' press conference
12.05.2020 Publication of the Q1 2020 interim statement
12.05.2020 Press release on the Q1 2020 interim statement
10.06.2020 2020 Annual General Meeting, Weser-Ems-Halle, Oldenburg
10.06.2020 Press release on the 2020 AGM
06.08.2020 Publication of the 2020 HY1 interim report
06.08.2020 Press release on the 2020 HY1 interim report
22.09.2020 Berenberg & Goldman Sachs German Corporate Conference 2020
23.09.2020 Baader Investment Conference 2020
12.11.2020 Publication of the Q3 2020 interim statement
12.11.2020 Press release on the Q3 2020 interim statement
23.11.2020 2020 German Equity Forum, Frankfurt

About CEWE:
The CEWE Group is Europe's leading photo service and online printing supplier.

From its beginnings in 1912, CEWE has progressed to become the leading photo service company for all those wanting to make more of their photos. This is mainly due to the much-awarded CEWE PHOTOBOOK, with more than six million books being sold each year. Customers can purchase other personalised photo products under the brand names of CEWE, WhiteWall and Cheerz - and from many leading retailers in Europe. Concerning their personal photos, they are inspired to produce a variety of creative designs and they trust the company with more than 2.2 billion photos every year.

The CEWE Group has also set up a highly efficient production system for the online printing market, which is still a new one. Every year billions of high-quality printed products are delivered reliably to their purchasers through the SAXOPRINT, CEWE-PRINT.de, LASERLINE and viaprinto sales platforms.

The CEWE Group, through the founder family of Neumüller as an an anchor shareholder, focuses on sustainable corporate management and has already received many awards for this effort: economically sustainable in the long term; cooperative and fair in dealings with

customers, employees and suppliers; socially responsible and protective of the environment and resources. An example of this is the climate-neutral process used to produce all the CEWE brand-name products.

The CEWE Group has a staff of more than 4,000 and operates in more than 20 countries. Group sales rose to 653 million euros in 2018. CEWE is listed on the SDAX.

More information is available at company.cewe.de.