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ots Ad hoc-Service: CeWe Color Holding AG <DE0005403901> Shareholders receive a record dividend
digital fantasy

Oldenburg (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
At the 8th Annual General Meeting of CeWe Color Holding AG, the
Board of Management was able to report on an excellent business year
for 1999 and also to incite the digital fantasy of the 700
shareholders present. The General Meeting of the largest independent
European photofinisher voted unanimously in favour of the proposal of
the Board of Management and the Supervisory Board to pay out a cash
dividend of EURO 1.15 per denominated share on the reported net
profit for the business year of 1999, after allocation to reserves of
EURO 6.8 million. The imputed tax credit per share amounts to EURO
0.50, as a result of which the gross dividend amounts to EURO 1.65.
In 1999 the CeWe Color Group achieved a consolidated turnover of
EURO 394.2 million, with the European focus in photofinishing
contributing to a great extent towards this success. The strongest
growth rates were recorded in Central Eastern Europe. It was
possible, on the whole, to increase the market share of the 14
European countries in which CeWe Color operates by more than 20 %.
The increases in sales for 1999 were considerable. The number of
developed film rolls increased to 87.0 million, which represents an
increase of 8.5 % compared to the same period of the previous year.
For the first time ever, CeWe Color produced a total of more than
three billion colour photos, representing an increase of 9.3 %. While
turnover increased by 9.8 %, the consolidated profit generated by
ordinary business increased to EURO 37.2 million, which is an
increase of 23.4 %. The annual net profit rose to EURO 19.4 million
(+ 19.5 %) and profits before corporate tax increased to EURO 29.1
million (+ 20.5 %).
Hubert Rothärmel, Chairman of the Board of Management reported on
a growing photographic market. In 1999 the photographic markets
recorded a sound growth rate, both worldwide and in Europe, with the
new digital picture technologies providing the impulse for the entire
photo industry. The German amateur photo market, with more than five
billion photos, an increase of 6 % in cameras sold and a turnover of
more than EURO 3.3 billion, continued to grow at a strong rate in
1999. The mass market for digital photography and digital processing
in photofinishing is approaching. The digital technology has already
extended to all areas in the "imaging chain", from exposure to
processing and production, right up to the transfer of photos. In
1999 approximately 1.1 million digital cameras were sold - in
addition to approximately 20 million customary photo cameras.
CeWe Color is going to focus on the exposure of digital data onto
original photo paper and enhance the pictures from digital cameras by
means of software developed by the company itself. CeWe Color
considers digital photography to be the growth area of the future.
The photo laboratory group, with digital services and products which
have been introduced onto the market successfully, is already
offering photo amateurs and professionals alike a precise tailor-made
solution for "e-photography", irrelevant of whether the picture data
have been sent to a CeWe Color laboratory via the Internet or by
means of a photo terminal or a photo envelope. The CeWe Color Group
is the retailers partner.
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.: 0441 / 404 - 400 or 0171 / 34 50 530 
   Fax:  0441 / 404 - 421
End of Message
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