CEWE Continues Strong Performance: Q2 Turnover and Earnings Growth

CEWE Stiftung & Co. KGaA has reported significant growth in turnover and earnings for the second quarter of 2024. Group turnover increased by 8.2% to 151.5 million euros, with Group EBIT improving by 1.4 million euros to -2.7 million euros, despite seasonal challenges.

In the first half of 2024, CEWE's earnings lead over the previous year improved to 4.3 million euros, with Group turnover rising by 7.4% to 317.1 million euros. The photofinishing segment, notably, contributed significantly with a turnover increase of 11.0% to 122.6 million euros in Q2.

Commercial Online-Print also showed robust performance, improving its Q2 EBIT to 1.0 million euros. Retail turnover saw a slight decrease to 7.3 million euros in Q2, but overall, the company remains optimistic about achieving its annual targets, forecasting Group turnover up to 820 million euros and Group EBIT up to 87 million euros for 2024.