ots Ad hoc-Service: CeWe Color Holding AG <DE0005403901> CeWe Color announces a dividend payout of EUR 1.00
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Oldenburg(ots Ad hoc-Service) - Share certificate numbers: 540 390, 540 392 and 540 395
CeWe Color announces a dividend payout of EUR 1.00
April 26, 2001 - The Supervisory Board and the Board of Management of the CeWe Color Holding AG plan to pay out a dividend of EUR 1,00 per denominated share to their shareholders, after a dividend of EUR 1.15 in the previous year. The Supervisory Board and the Board of Management will propose the dividend adjustment to the Annual General Meeting, since the cost of reconstruction measures in France in the fiscal year 2000 resulted in a decrease in profits. Hubert Rothärmel, Chairman of the Board of Management at CeWe Color Holding AG, points out that the payout-rat with 66 % the highest in the company history is (1998 and 1999 51 %). The dividend payout will bear full corporate tax credit, i.e. the gross dividend will amount to EUR 1.43. This means that CeWe Color is paying its shareholders the second-best dividend in the history of the company. Without the exceptional influence of France on profits, it would at least have been in the range of that of the record year of 1999.
As in previous years, CeWe Color has recorded increases in the fiscal year of 2000 too, even if the rates of growth were lower. The number of film rolls developed rose by 1.4 % to 88.2 million, from which 3.1 billion prints were produced, an increase of 2.8 % compared to 1999. Group turnover increased by 2.3 % to EUR 403.2 million. For the first time, digital services and products accounted for more than 1 % of total turnover.
In order to further expand the company's presence in Europe and to promote efficiency, CeWe Color invested EUR 47.0 million, of which approximately EUR 4 million was invested in digital technology. Although these investments are still matched by low earnings, the Board of Management is convinced that it is taking the correct course of action. Sound earnings in the core business of the company puts CeWe Color in the strong position of being able to invest in the digital future, for it is on this sector that most of our business will be generated in a matter of only a few years.
Should you have any enquiries, please contact: CeWe Color Holding AG Hella Meyer Tel.: 0441/404-400 Fax: 0441/404-421 e-mail: hella.meyer@cewecolor.de
WKN: 540390; Index: SDax Listed: Geregelter Markt in Bremen und Frankfurt (SMAX); Freiverkehr in Berlin, Düsseldorf, Hamburg und Stuttgart
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Original-Content von: CEWE Stiftung & Co. KGaA, übermittelt durch news aktuell