Full Year 2025 Cewe Stiftung & Co KGaA Earnings Call Transcript
Key Points
- CEWE Stiftung & Co KGaA (FRA:CWC) achieved a 3.8% increase in group turnover, reaching EUR 864.5 million, which is at the upper end of their target range.
- The company reported a record year in both turnover and EBIT, with EBIT increasing by EUR 2.1 million or 2.4%.
- CEWE PHOTOBOOK sales exceeded targets, contributing significantly to the growth in the photofinishing segment.
- The company received multiple TIPA awards, recognizing innovation in their products, such as the CEWE PHOTOBOOK panoramic page and the CEWE Passport app.
- CEWE Stiftung & Co KGaA maintained a strong Net Promoter Score of 66.7%, indicating high customer satisfaction and loyalty.
- The EBIT growth was slower than turnover growth, partly due to increased personnel costs and higher marketing expenses.
- The Commercial Online Print segment underperformed, missing EBIT targets by about EUR 3 million.
- The company did not meet its CO2 reduction targets in Scope 3 emissions, largely due to reliance on third-party suppliers.
- Despite a strong financial position, the company acknowledged it is not yet leveraging its group size effectively for scaling.
- The Commercial Online Print segment faced challenges due to market digitization trends, resulting in a 0.4% turnover decline and a significant reduction in EBIT.
Welcome to the earnings call of CEWE Group. Following the publication of the annual press and analysts conference, I would like to welcome the CEO, Thomas Mehls; and CFO, Sirka Hintze, who will guide you through the presentation and the figures shortly, followed by a Q&A session via chat.
Having said this, Mr. Mehls, the stage is yours.
Thank you very much, Mrs. Benner, and a very warm welcome from us here from the somewhat cold and sunny Oldenburg. So it's not yet springtime, I believe. It's a little bit April's weather, right?
Me too.
Yeah. So a very warm welcome to all of you. This is our annual press and analyst conference in a bit of an unusual setting. For the first time, we do this fully virtual. This allows more people to participate.
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