ots Ad hoc-Service: CeWe Color Holding AG <DE0005403901> Report on the I. and II. quarters of 2000: CeWe Color increases profits
Oldenburg (ots Ad hoc-Service) -
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August 28, 2000 - After a brilliant start to the first quarter or 2000. CeWe Color Holding AG, Oldenburg, now reports that the first half of the year has shown positive developments. As predicted, the first six months were concluded with corporate profits before corporation tax amounting to EURO 5.2 million, in spite of the fact that the seasonal curve which is typical for the photo business only began to rise from May onwards, CeWe Color was able to develop 41.0 million films in 25 laboratories in 14 european countries in the first six months of the year. This is an increase of 5.1 % compared to the same period of the previous year. The number of produced and sold colour prints rose from 1.347 billion to 1.422 billion, i.e. a rise of 5.7 %.
While consolidated sales revenue climbed by 4.8 % to EURO 183.0 million, profits generated by ordinary business rose by 11.0 % to EURO 6.7 million. Cash Flow was increased from EURO 21.4 million to EURO 23.3 million - an increase of 9.2 %. The increase in profits is primarily the result of international expansion. In addition, business in Central Eastern Europe grew particularly well, with a growth rate of 30.8 %. In the coming few months too, CeWe Color will expand its regional basis and include further European countries in its market processing efforts. In a few days, the 26th industrial photo laboratory in Budapest, equipped with the most modern production technology, will commence production.
The projected sales target of EURO 420 - 430 million is an ambitious one and is still based on the presumption that the increasing sales will be reflected in increased profits, should nothing unexpected occur Hubert Rothärmel Chairman of the Board of the CeWe Color Group, emphasises that the positive development in profits will also result in a positive development in dividends.
Further information can be obtained from the Internet under: http: //www.cewecolor.de Should you have any enquiries, please contact: CeWe Color Holding AG Hella Meyer Tel-No.: 0441/404-400 Fax: 0441 / 404 - 421
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Original-Content von: CEWE Stiftung & Co. KGaA, übermittelt durch news aktuell