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ots Ad hoc-Service: CeWe Color Holding AG <DE0005403901> Report on the I. and II. quarters of 2000: CeWe Color increases profits

Oldenburg (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
August 28, 2000 - After a brilliant start to the first quarter or
2000. CeWe Color Holding AG, Oldenburg, now reports that the first
half of the year has shown positive developments. As predicted, the
first six months were concluded with corporate profits before
corporation tax amounting to EURO 5.2 million, in spite of the fact
that the seasonal curve which is typical for the photo business only
began to rise from May onwards, CeWe Color was able to develop 41.0
million films in 25 laboratories in 14 european countries in the
first six months of the year. This is an increase of 5.1 % compared
to the same period of the previous year. The number of produced and
sold colour prints rose from 1.347 billion to 1.422 billion, i.e. a
rise of 5.7 %.
While consolidated sales revenue climbed by 4.8 % to EURO 183.0
million, profits generated by ordinary business rose by 11.0 % to
EURO 6.7 million. Cash Flow was increased from EURO 21.4 million to
EURO 23.3 million - an increase of 9.2 %. The increase in profits is
primarily the result of international expansion. In addition,
business in Central Eastern Europe grew particularly well, with a
growth rate of 30.8 %. In the coming few months too, CeWe Color will
expand its regional basis and include further European countries in
its market processing efforts. In a few days, the 26th industrial
photo laboratory in Budapest, equipped with the most modern
production technology, will commence production.
The projected sales target of EURO 420 - 430 million is an
ambitious one and is still based on the presumption that the
increasing sales will be reflected in increased profits, should
nothing unexpected occur Hubert Rothärmel Chairman of the Board of
the CeWe Color Group, emphasises that the positive development in
profits will also result in a positive development in dividends.
Further information can be obtained from the Internet under: http:
//www.cewecolor.de Should you have any enquiries, please contact:
CeWe Color Holding AG Hella Meyer Tel-No.: 0441/404-400 Fax: 0441 /
404 - 421
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