CEWE: Turnover and earnings increased further, targets achieved

EQS-News: CEWE Stiftung & Co. KGaA / Key word(s): Preliminary Results CEWE: Turnover and earnings increased further, targets achieved 25.02.2025 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. CEWE: Turnover and earnings increased further, targets achieved

• Successful Christmas business: photo products are popular Christmas gifts
• Group turnover to increase by +6.7% to €832.8 million in 2024 (2023: €780.2 million)
• Group EBIT to rise to €86.1 million in 2024 (2023: €83.9 million)
• Earnings targets for 2024 at the upper end of the target range achieved

Oldenburg, February 25, 2025. CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) has closed the 2024 financial year once again with a significant increase in turnover and earnings, according to preliminary, as yet uncertified figures: Group turnover increased by +6.7% to 832.8 million euros (2023: 780.2 million euros). CEWE thus exceeds its own target for 2024 of up to 820 million euros in turnover. The CEWE Group's operating result (EBIT) rose to 86.1 million euros (2023: 83.9 million euros), even reaching a figure at the upper end of the planned target corridor of 77 to 87 million euros. “Thanks to an outstanding team performance by all our employees, we have once again made millions of people throughout Europe happy with photo products in the past financial year of 2024. We continued to grow in 2024 along our strategic priorities with a focus on innovation, brand strength, efficiency and sustainability. The CEWE Group once again invested more in the market, inspiring many people to create and share photo products of the highest quality and full of personal memories. This top-line growth makes us very proud and shows how well CEWE has held its own in a challenging macroeconomic environment characterized by recession, cost increases and increasing regulation”, explains Yvonne Rostock, CEO of CEWE Stiftung & Co. KGaA. Customer satisfaction is always at the center of all corporate activities. Particularly encouraging is the fact that the net promoter score, a measure of customer satisfaction, rose again in the past financial year, from what was already a very high level.