CeWe Color Holding AG: CeWe Color doubles dividends
CeWe Color Holding AG / Dividend
Ad-hoc-Announcement according to § 15 WpHG 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 doubles dividends
Oldenburg, March 16, 2006 – CeWe Color Holding AG (SDAX, ISIN: DE
0005403901) has announced its dividend proposal for 2005. In the
Supervisory Board meeting held on March 15, 2006 a unanimous resolution was
passed to propose for approval at the Annual General Meeting on June 1,
2006 a dividend payout of Euro 1.20. The dividend increase from Euro 0.60
for 2004 to Euro 1.20 for 2005 represents an increase of 100 %.
Attractive investment
For many years now CeWe Color has been an attractive investment. The
dividend payout of Euro 1.20 per share is equivalent to a 4.4 % yield on
the current stock-exchange share price of Euro 27.50. The Board of
Management and the Supervisory Board wish to give shareholders the chance
to participate in the success of the company with this proposed dividend
payout.
Positive business year in 2005
The CeWe Color Group was able to close the business year of 2005 with good
results, both in terms of pre-tax earnings (EBT), at Euro 25.5 million (+
79.7 %), and in terms of earnings after tax , which totalled Euro 11.5
million (+ 883.9 %). Cash flow, at Euro 51.4 million, exceeded that of the
previous year by 13.1 %. Free cash flow (cash flow – investments) rose to
Euro 15.2 million (+ 85.4 %) thanks to a low investment volume. After
several competitors had withdrawn from the market in the summer of 2004,
CeWe Color was able to make various successful acquisitions, thus enhancing
the market share of the company in Europe to more than 40 %. The latter
half of the year focused on expansion in five new countries (Great Britain,
Lithuania, Romania, Slovenia and Croatia).
Two-thirds of the transition in technology completed
In the period from 2002 to 2005 CeWe Color has managed to successfully
handle the shift in technology from conventional to digital photography.
Now that numerous structural measures, designed to expand digital
capacities and products, have been implemented, the company is expected to
experience a renewed growth phase in 2007 and 2008. The management is
expressing its confidence in the earnings potential of the company in
future with this latest distribution of profits.
Should you have any queries, please: CeWe Color Holding AG, Hella Hahm,
Tel.: 0441 / 404 - 400 (Secretary – 234) or 0171 / 34 50 530, Fax: 0441 /
404 – 421,
Email: hella.hahm@cewecolor.de, Internet: www.cewecolor.com
DGAP 16.03.2006
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language: English
emitter: 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
email: info@cewecolor.de
WWW: www.cewecolor.de
ISIN: DE0005403901
WKN: 540390
indexes: SDAX
stockmarkets: Geregelter Markt in Berlin-Bremen, Frankfurt (Prime
Standard); Freiverkehr in Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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