CEWE Stiftung Reports Mixed Results with Increased Dividend

CEWE Stiftung announces its fiscal 2024 earnings; while earnings before tax have slightly declined, group revenue has increased by 6.7%. The company is also raising its dividend by 9.6% for shareholders.

Date: 27-03-2025

AI Rating: 6

Earnings Performance
CEWE Stiftung & Co. KGaA reported a slight decline in its fiscal 2024 earnings before tax, dropping to 86.9 million euros from 87.9 million euros in the previous year. This may raise concerns among investors as it indicates a potential dip in profitability. However, the operating result or EBIT has shown a positive trend, increasing to 86.1 million euros, up from 83.9 million euros, which signals operational growth. Importantly, EBIT before special effects increased to 92.3 million euros compared to 88.0 million euros in the prior year, highlighting improved operational efficiency before considering any irregular items.

Revenue Growth
The Group's revenue saw an impressive increase of 6.7% to 832.8 million euros. This signifies strong demand for their offerings and could enhance investor confidence moving forward. The positive momentum in revenue is particularly relevant as it sets a solid foundation for future growth.

Future Outlook
For 2025, CEWE anticipates turnover to grow by up to 4%, projecting revenue between 835 million euros and 865 million euros. While this is more modest than the previous year's growth, it still indicates a cautious optimism about maintaining revenue levels moving forward. Various earnings metrics, including EBIT and after-tax earnings, are also expected to range within set parameters, reflecting some stability.

Dividend Announcement
The increase of the dividend to 2.85 euros per share — a 9.6% rise — is a significant positive for investors, signaling the company's commitment to returning value to shareholders. This increase may also suggest confidence in future cash flow and profitability.

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