Germany's CEWE Q2 revenue rises on Photofinishing growth
Germany's CEWE Q2 revenue rises on Photofinishing growth
Overview
Germany photo service provider's Q2 revenue rose 6% yr/yr, driven by Photofinishing growth
Q2 operating EBIT remained negative, reflecting seasonal trends and transaction costs for KODAK MOMENTS acquisition
Company completed sale of Commercial Online-Print division and reaffirmed 2026 outlook for up to 4% revenue growth
Outlook
CEWE confirms 2026 group revenue outlook of EUR 780 mln to EUR 810 mln
Company expects 2026 group EBIT between EUR 85 mln and EUR 91 mln
CEWE sees 2026 net income from continuing operations between EUR 57 mln and EUR 62 mln
Result Drivers
PHOTOFINISHING GROWTH - Co said Q2 revenue was driven by higher volumes and increased sales of premium photo products, including CEWE PHOTOBOOK
TRANSACTION COSTS - Q2 reported EBIT was reduced by transaction costs related to KODAK MOMENTS acquisition
SEASONALITY - Co said negative operating EBIT in Q2 reflected seasonally weaker demand and high fixed costs
Company press release: ID:nEQ5sHvm9a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| EUR 143.90 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commercial printing services peer group is "buy."
Wall Street's median 12-month price target for Cewe Stiftung & Co KGaA is €144.50, about 49.4% above its August 12 closing price of €96.70
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)