CeWe Color Holding AG / Quarter Results
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
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The issuer is solely responsible for the content of this announcement.
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CeWe Color has increased its income in the third quarter of 2007 (EBT)
Prognosis for operational result of 2007 confirmed
Oldenburg, November 5, 2007 – The CeWe Color Holding AG (Prime Standard,
ISIN DE 0005403901) has increased the result of its business activities
(EBIT) in the third quarter of 2007 to Euro 22.3 million, an increase of
7.9 % compared to the same time of the previous year (third quarter 2006:
Euro 20.7 million). The earnings before taxes (EBT) at Euro 21.9 million
were also 7.9 % higher than in the third quarter of the previous year
(third quarter 2006: Euro 20.3 million). Additionally, the company
increased the turnover slightly by 0.5 % to Euro 125.4 million (third
quarter 2006: Euro 124.7 million).
It can be anticipated that the company will fully reach the prognosis of
Euro 24.5 million for the operational result drafted at the beginning of
the year. The anticipated expenses for restructuring will amount to net
Euro 10.0 million in 2007, like it has already been pronounced. In
addition, special expenditures occurred after the publishing of the
prognosis, amounting to Euro 2.75 million in relation to the annual general
meeting and the resulting legal challenges. Therefore, the current
prognosis for the operational result of Euro 24.5 million is defined as
result before taxes and special expenditures (restructuring and additional
expenses in relation to the annual general meeting).
While the turnover prognosis is raised from Euro 400 million to Euro 404
million for the same number of anticipated photos (2.8 billion units), the
prognosis for the EBT is lowered from Euro 14.5 million to Euro 11.8
million as a result of the special expenditures. The difference results
from additional expenses in relation to the annual general meeting. The
prognosis for EBIT is reduced to Euro 13.0 million (from Euro 15.3 million)
and for the result after tax to Euro 5.0 million (from Euro 7.0 million).
The cash flow will likely amount to Euro 40.0 million (expectations up to
now Euro 41.2 million), and the free cash flow to Euro 4.0 million
(expectations up to now Euro 5.2 million). The company does not change its
plans to make investments of Euro 36.0 million.
Objectives for 2007 Changes compared
to the previous year
Photos:
photos from film 1.3 billion units - 26 %
digital photos 1.5 billion units + 35 %
total 2.8 billion units - 3 %
Revenue Euro 404 million + 1 %
Operational result (before tax,
restructuring and special expenditures
annual general meeting) Euro 24.5 million - 10 %
Earnings before taxes (EBT) Euro 11.8 million - 44 %
EBIT Euro 13.0 million - 51 %
Earnings after tax Euro 5.0 million - 72 %
Cash flow Euro 40.0 million - 27 %
Free cash flow Euro 4.0 million - 82 %
Investments Euro 36.0 million + 11 %
For more information please contact:
CeWe Color Holding AG, Hella Hahm, Tel.: 0441-404-400 (Secr. - 234) or
0171 / 34 50 530, Fax: 0441-404-421, e-mail : hella.hahm@cewecolor.de,
Internet: www.cewecolor.com
05.11.2007 Financial News transmitted by DGAP
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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: info@cewecolor.de
Internet: www.cewecolor.de
ISIN: DE0005403901
WKN: 540390
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard);
Freiverkehr in Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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