Saxoprint, the engine for Cewe’s commercial online print division, has helped push the division into profit thanks to a 2.7% increase in turnover for Q3. In combination with the group’s photofinishing operations and retail arm, Cewe is running 8.9% above the revenue levels for 2022 as it enters the crucial Christmas period. It underpins the corporate optimism for the full year.
Ceo Yvonne Rostock says: “We are well prepared and ahead of the game as we enter the home straight for 2023. We are excellently positioned in production, marketing, sales and customer service as well as in all other areas of the company. The entire Cewe team and all employees are looking forward to the peak season of Christmas business and are ready to guarantee our excellent delivery capability. Once again, many product innovations – such as the Cewe Photobook or a wall calendar made of 100% recycled paper – as well as a wide-ranging marketing campaign will further strengthen our Christmas business.”
Structural changes at Saxoprint in Dresden has reduced the cost base, helping the operation to a substantial increase in Ebit. Turnover for the COP division reached €21.9 million (€21.3 million) with Ebit rising for the quarter to €700,000 (€200,000). Over the first nine months, sales have risen to €66.3 million (€60.0 million). Ebit for the year to date, which had been zero in 2022, has climbed to €1.5 million. Cewe says that a “best price guarantee” helped drive the improvements.
However substantial this is, COP is very much the junior partner within the group. Turnover for year to date in photofinishing stood at €365.2 million. So far this year the company has produced 3.6 billion photobooks and 1.5 billion photos.
Year to date group turnover has grown to €453.2 million (€416.1 million). Rostock says: “Based on the positive development of the first nine months, our very good preparations for the Christmas business and our robust business model, we continue to see ourselves clearly on target for the full year 2023,”
