Brief: Cewe Stiftung FY EBIT At EUR 57.8 Mln

CEWE Stiftung & Co KGaA

26/03/2020 06:12

March 26 (Reuters) - CEWE STIFTUNG & CO KGAA  CWCG.DE :
    * FY 2019 TURNOVER INCREASES BY 10.1% TO 714.9 MILLION EUROS
    * CEWE - FY EBIT OF 57.8 MILLION EUROS AT UPPER END OF
TARGET
CORRIDOR
    * DIVIDEND INCREASE PROPOSED: 2.00 EUROS PER SHARE
    * PUTS MEASURES IN PLACE TO COPE WITH CORONA CRISIS
    * MULTI-SHIFT OPERATION IN PRODUCTION HAS BEEN ORGANISED AND
SEPARATED SO AS TO MAKE IT POSSIBLE TO LIMIT RISK OF A LOSS OF
PRODUCTION
    * IMPACT OF CORONA ON CEWE OBJECTIVES FOR 2020 NOT YET
QUANTIFIABLE
    * CURRENT CORONA SITUATION IS LIKELY TO HAVE A NEGATIVE
IMPACT ON
CEWE'S BUSINESS DEVELOPMENT AS WELL
    * PROFIT TARGETS SHOWN FOR 2020 ARE TO BE UNDERSTOOD
EXCLUSIVE OF
POTENTIAL EFFECTS OF CORONA CRISIS ON CEWE'S BUSINESS
DEVELOPMENT
    * TURNOVER IN CEWE GROUP WITHOUT CORONA EFFECTS SHOULD THUS
INCREASE TO AN AMOUNT IN RANGE OF 725 TO 755 MILLION EUROS IN
2020
    * OUTLOOK 2020: GROUP EBIT SHOULD BE IN A CORRIDOR OF 58 TO
64
MILLION EUROS, EBT IN RANGE OF 56.5 TO 62.5 MILLION EUROS
    * OUTLOOK 2020: AFTER TAX EARNINGS BETWEEN 38 MILLION AND 43
MILLION EUROS

Source text for Eikon:  ID:nEQ8fCgZha 
Further company coverage:  CWCG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))