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ots Ad hoc-Service: CeWe Color Holding AG <DE0005403901> Report on the first quarter of 2000: CeWe Color on a path of success

Oldenburg (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
After a brilliant business year
in 1999, the largest independent European photo laboratory group,
CeWe Color, got off to a good start in the year 2000. Growth in
volume and growth in turnover are both within the framework of the
ambitious plans made for the business year of 2000. In the first
three months, CeWe Color increased the number of developed film rolls
by 6.7 % to a total of 17.4 million. The number of colour prints
produced and sold rose from 570 million to 612 million, representing
an increase of 7.3 %.
What is also pleasing is the fact that turnover climbed from Euro
71.9 million to Euro 78.5 million, an increase of 9.2 %. In the first
quarter, retail trade turnover increased slightly more than
laboratory turnover. This is due to increased trade activities in
Central Eastern Europe and the integration of the retail chain JAPAN
PHOTO in Norway and Denmark. In view of this good start, the Board of
Management of the CeWe Color Group expects the sales projections for
the business year of 2000, at between Euro 420 million and Euro 430
million, to be achieved,
In the first quarter of the year , the photo laboratory group
inevitably records deficits, since the development of sales depends
to a great extent on the seasons. Due to the weather, January,
February and March are not suitable months for taking photos. It is
only in early summer that business picks up, which means that
normally profits are recorded at mid-year for the first time in the
current year. The quarterly loss of Euro 2.1 million must be
evaluated taking this fact into consideration. The loss is, however,
approximately 27.3 % lower than the loss incurred during the first
quarter of 1999. CeWe Color has however already been able to record a
positive cash flow of Euro 6.3 million, which means an increase of
35.4 %
The CeWe Color Group has provided for an investment plan of
approximately Euro 44.0 million for the business year of 2000, with
the focus, when compared with 1999, clearly shirting to the areas of
EDP and information technologies as well as to the Internet and the
new markets.
Digital services, and thus Internet networking, are increasingly
becoming the centre of the company's activities. Demand for the
ONLINE PRINT SERVICE has increased considerably. Retailers are
increasingly including this service in their Internet offer.
Consumers therefore enjoy a perfect picture service for digitised
picture data by means of the home page of their retailer. The Board
of Management is convinced that it has come up with the right concept
and the right strategy to ensure an adequate share of the growing
market of digital photography for CeWe Color.
Should you have any enquiries, please contact:
CeWe Color Holding AG
   Hella Meyer 
   Tel.-Nr.: 0441/404-400 
   Fax-Nr.: 0441/404-421 
   Internet: http://www.cewecolor.de
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