Brief: CEWE H1 Group EBIT At EUR -0.1 Mln

CEWE Stiftung & Co KGaA

11/08/2023 06:04

Aug 11 (Reuters) - CEWE STIFTUNG & CO KGAA  CWCG.DE :
    * CEWE GROUP INCREASES TURNOVER AND EARNINGS IN THE FIRST
HALF OF
2023
    * H1 TURNOVER INCREASES SIGNIFICANTLY BY +10.7%, EBIT
IMPROVES BY
+2.2 MILLION EUROS
    * H1 GROUP TURNOVER INCREASED SIGNIFICANTLY BY 29.0 MILLION
EUROS
TO 299.9 MILLION EUROS (H1 2022: 270.9 MILLION EUROS)
    * H1 AT SAME TIME, GROUP EBIT IMPROVED BY 2.2 MILLION EUROS
TO
-0.1 MILLION EUROS (H1 2022: -2.3 MILLION EUROS)
    * H1 EARNINGS GROWTH IS LARGELY DRIVEN BY PHOTOFINISHING
BUSINESS
SEGMENT (PLUS 2.9 MILLION EUROS EBIT) AND COMMERCIAL
ONLINE-PRINT (PLUS 1.0 MILLION EUROS EBIT)
    * H1 IMPROVED RESULT INCLUDES TWO SPECIAL EFFECTS TOTALING
-1.3
MILLION EUROS, NAMELY A WRITE-DOWN AT FUTALIS IN "OTHER"
BUSINESS SEGMENT AND A PROVISION FOR SOFTWARE LICENSES
    * WITH STRONG DEVELOPMENT OF FIRST SIX MONTHS, COMPANY IS ON
TRACK
TO ACHIEVE ITS ANNUAL TARGETS
    * OUTLOOK 2023 CONFIRMED

Source text for Eikon:  ID:nEQ8Dycqqa 
Further company coverage:  CWCG.DE 

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