on CEWE Stiftung & Co. KGaA (ETR:CWC)
CEWE Sells Online-Print Division to Focus on Photofinishing Growth
CEWE Stiftung & Co. KGaA has completed the sale of its Commercial Online-Print division to Cimpress. The transaction includes key facilities and sales units, enhancing CEWE's focus on its core Photofinishing business. The sale is anticipated to yield a mid-double-digit million-euro profit.
The company's financial profile will see improvements, with an increase in EBIT margin and ROCE. CEWE aims to boost its Photofinishing segment by investing in technology, efficiency, and brand expansion. The sale supports CEWE's strategy for sustainable, profitable growth.
The proceeds from this transaction will be deployed in a value-oriented manner, focusing on technological advancements and international brand strength. CEWE has also secured a favorable "best owner" strategy for the divested units, ensuring future growth under Cimpress's ownership.
R. H.
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