CEWE Stiftung & Co KGaA (LTS:0N8F)
€ 103.1 0.2 (0.19%) Market Cap: 712.21 Mil Enterprise Value: 718.33 Mil PE Ratio: 12.09 PB Ratio: 1.95 GF Score: 86/100
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Q1 2022 Cewe Stiftung & Co KGaA Earnings Call Transcript

May 11, 2022 / NTS GMT
Release Date Price: €82.55 (+2.17%)
Christian Friege
CEWE Stiftung & Co. KGaA - Chairman of Management Board & CEO

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from Christmas. There was a little bit of this Christmas scale effects in 2021 and we peaked at EUR 8.6 million in EBIT.

Now what we are seeing here is that our business is getting back to normal. We're not quite there yet, and I'll show that to you also as far as Q1 is concerned. But we are clearly getting back to normal. And we can tell you also why we think that getting back to real normal is in sight.

So what we see is if we compare ourselves to 2020 -- and you remember, corona actually hit us in March. Then we are a little bit better with EUR 2.1 million in EBIT. If we compare ourselves to 2019, it's EUR 200,000 better. So we are getting back to where we left off before COVID-19 hit us.

In photofinishing, we expected for this quarter a reduction in sales and in EBIT. And we reached EUR 2.5 million in EBIT and minus 10% in sales with EUR 112.6 million.

In commercial online print, and I'll show you the details, we actually good increase of turnover

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