Brief: Cewe Preliminary FY Turnover At Eur 741 Mln

CEWE Stiftung & Co KGaA

13/03/2023 14:53

March 13 (Reuters) - CEWE STIFTUNG & CO KGAA  CWCG.DE :
    * CEWE STIFTUNG & CO. KGAA: CEWE PLANNING ITS FOURTEENTH
CONSECUTIVE DIVIDEND INCREASE
    * BOARD OF MANAGEMENT RESOLVED IN ITS MEETING OF TODAY TO
PROPOSE
TO SUPERVISORY BOARD, ON BASIS OF PRELIMINARY UNAUDITED FIGURES
FOR 2022 FINANCIAL YEAR, TO RAISE DIVIDEND TO 2.45 EUROS PER
ELIGIBLE SHARE (DIVIDEND FOR 2021 FINANCIAL YEAR: 2.35 EUROS)
    * ACCORDING TO PRELIMINARY CALCULATIONS, GROUP TURNOVER
INCREASES
BY 48.2 MILLION EUROS TO 741.0 MILLION EUROS (TURNOVER 2021:
692.8 MILLION EUROS)
    * PRELIMINARY FY GROUP EBIT RISES TO 75.6 MILLION EUROS
(EBIT
2021: 72.2 MILLION EUROS)
    * DIVIDEND NOW PROPOSED AT 2.45 EUROS A SHARE IS EQUIVALENT
TO A
DIVIDEND YIELD OF 2.8% BASED ON YEAR-END SHARE PRICE 2022 OF
88.70 EUROS

Further company coverage:  CWCG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 587 696 600;))