The photo service provider CEWE is selling its commercial online printing division and is thus fully concentrating on its more lucrative core business of photofinishing.
The buyer is the printing specialist Cimpress, and it was agreed not to disclose the purchase price, as CEWE announced on Monday in Oldenburg. However, the SDAX Group expects a book profit in the mid double-digit million euro range from the business. The expected cash inflow exceeds the current book value. The sale is expected to be completed in the second half of the year. CEWE adjusted its annual outlook and the share price rose by almost four percent.
The parts of the business to be sold, such as the commercial printing of flyers and brochures, contributed sales of almost 90 million euros and earnings before interest and taxes (EBIT) of 1.7 million euros in 2025. From the continuing business, CEWE wants to achieve sales of 780 to 810 million euros and an operating result (EBIT) of 85 to 91 million euros this year. So far, the board had forecast revenues of 870 to 900 million euros and an operating result of 87 to 93 million, including commercial online printing.
The operating margin (EBIT) should therefore be higher without the business being sold. Pro forma it would have been 11.2 instead of 10.2 percent last year.
The CEWE share was temporarily trading 6.23 percent higher at 98.90 euros in XETRA trading.
/men/he
OLDENBURG (dpa-AFX)
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