CEWE Reports Earnings Growth and Confirms 2024 Targets

CEWE Stiftung & Co. KGaA reported a 6.3% increase in group turnover to 481.6 million euros for the first nine months of 2024. The group's EBIT rose by 3.2 million euros to 5.5 million euros. This improvement was driven by the photofinishing, retail, and commercial online-print segments.

Despite a competitive market, the commercial online-print segment improved its EBIT by 0.5 million euros to 2.0 million euros. The photofinishing segment saw an 8.5% rise in turnover and a significant EBIT increase to 4.9 million euros. Group equity ratio increased to 65.8%, with ROCE at 18.8%.

The company remains optimistic about the Christmas season, planning approximately 60 million euros in operational investments for 2024. CEWE aims to achieve a total group turnover between 770 and 820 million euros and EBIT between 77 and 87 million euros.