Brief: CEWE Q1 EBIT Down At EUR 1.8 Mln

CEWE Stiftung & Co KGaA

12/05/2020 06:06

May 12 (Reuters) - Cewe Stiftung & Co KGaA  CWCG.DE :
    * DGAP-NEWS: CEWE IN A STABLE POSITION: GOOD FIRST QUARTER IN SPITE OF CORONAVIRUS
    * Q1 GROUP TURNOVER GROWS BY 4.1% TO 144.8 MILLION EUROS
    * CORONAVIRUS SHUTDOWN HAS A NEGATIVE IMPACT ON COMMERCIAL ONLINE PRINTING AND RETAILING
BUSINESS
    * ONLINE ANNUAL GENERAL MEETING IN SECOND HALF OF 2020
    * Q1 AT 1.8 MILLION EUROS, EBIT FOR Q1 ONLY JUST FALLS SHORT OF SAME QUARTER OF PREVIOUS
YEAR (Q1
2019: 2.3 MILLION EUROS)
    * Q1 WITH GROWTH AT 10.8%, PHOTOFINISHING SALES INCREASED TO 114.7 MILLION EUROS (Q1 2019:
103.5
MILLION EUROS)
    * OUTLOOK 2020: IT IS CURRENTLY NOT POSSIBLE TO RELIABLY FORECAST HOW CORONAVIRUS PANDEMIC
WILL
IMPACT BUSINESS

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