Germany · Delayed Price · Currency is EUR CEWE Stiftung & Co. KGaA Earnings Call Transcripts
Fiscal Year 2025
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Turnover and EBIT both grew, with photofinishing driving record results and strong customer satisfaction. Guidance for 2026 anticipates continued growth, supported by robust financials, ongoing innovation, and a focus on operational efficiency and sustainability.
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Q3 saw group turnover rise over 6%, driven by strong volume growth, especially in photo finishing and CEWE Photo Books. Annual revenue and EBIT targets for 2025 are confirmed, with optimism for Q4 based on robust Christmas preparation and operating leverage.
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Record turnover and strong EBIT in Q2 and H1, driven by photo finishing and premiumization. Commercial online print faced headwinds, but annual revenue and EBIT targets are confirmed, supported by robust balance sheet and positive market trends.
Fiscal Year 2024
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CV delivered record revenue and EBIT in 2024, driven by photo finishing, with strong cash flow and a proposed 16th consecutive dividend increase. 2025 guidance targets continued growth despite macroeconomic challenges.
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Turnover grew 6.3% year-over-year to €481.6 million, with EBIT more than doubling to €5.5 million. Photo finishing led growth, while commercial online print and retail saw declines but improved profitability. Full-year targets are confirmed, with Q4 performance expected to be decisive.