on CEWE Stiftung & Co. KGaA (isin : DE0005403901)
CEWE Achieves Revenue and Earnings Growth in 2024
CEWE Stiftung & Co. KGaA reported a notable rise in both turnover and earnings for the financial year 2024, according to preliminary figures. Group turnover increased by 6.7% to €832.8 million, surpassing the company's target of €820 million. Operating profit (EBIT) rose to €86.1 million, reaching the upper end of its projected range.
The successful Christmas season significantly contributed to this growth, with Q4 turnover increasing by 7.4% to €351.2 million. CEWE attributes this success to innovations in photo product offerings and improved production efficiency. Photo products remained popular, with a 1.7% increase in total photos to 2.43 billion units. Customer satisfaction also improved, as indicated by a rising net promoter score.
The complete, audited financial statements are expected to be released on March 27, 2025, providing detailed insights into business segment results and plans for 2025.
R. E.
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