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Oldenburg (dpa) - The photo service provider Cewe is looking rather cautiously at the current financial year in view of the ongoing Corona crisis.
Although sales and operating profit should ideally increase significantly in 2021, they could also decrease in the event of an unfavorable pandemic compared to the previous year, as the company listed in the SDax small cap index announced on Thursday in Oldenburg when it presented detailed annual figures.
Accordingly, Cewe expects the revenues in 2021 to be relatively wide between 710 and 770 million euros.
In the previous year, they had only increased slightly by around 1 percent to 727.3 million euros due to the Corona crisis.
Cewe expects earnings before interest and taxes (EBIT) to be between 72 and 84 million euros.
In the previous year, the EBIT rose by more than 40 percent to around 80 million euros, mainly thanks to a flourishing Christmas business despite the pandemic.
The bottom line was a significantly increased result of around 52 million euros, after a surplus of 31.7 million euros a year earlier.
Despite Corona, the Oldenburg residents could mainly rely on their photofinishing business, which also includes the well-known photo books.
In contrast, the consequences of the virus had a negative impact both in retail and in online printing.
As already known, the shareholders are to receive a dividend of 2.30 euros per share for 2020, after 2 euros in the previous year.
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© dpa-infocom, dpa: 210325-99-962286 / 2