DOCSLIB.ORG

Annual Report 2019 2

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2019 2 ANNUAL REPORT 2019 2 CEWE AT A GLANCE CONSOLIDATED FINANCIAL STATEMENT 1 Statement 99 Consolidated profit and loss account 2 Overview of brands 100 Consolidated statement of comprehensive income 3 CEWE Group 101 Consolidated balance sheet 1 4 Present in Europe 4 103 Consolidated statement of changes in equity 5 Key indicators CEWE Group in 2019 104 Consolidated cash flow statement 6 Results 2019 105 Segment reporting by business unit 7 Development of financial indicators 2019 106 Notes 165 Responsibility statement 166 Audit opinion of the independent auditor TO THE SHAREHOLDERS 171 The CEWE Group – structure and executive bodies 10 The Board of Management 11 Letter to the shareholders FURTHER INFORMATION 14 Report of the Supervisory Board 2 18 Interview with Dr Christian Friege 174 Financial statements of CEWE Stiftung & Co. KGaA 24 CEWE share 177 Multi-year overview 183 Production plants and distribution offices 5 185 Financial calendar COMBINED MANAGEMENT REPORT 186 Imprint 28 Basic information on the Group 35 Economic report 63 Events after the balance sheet date 3 64 Forecast, opportunities and risk report 69 Internal control and risk management system 74 Acquisition-Related Disclosures 77 Annual financial statements of CEWE Stiftung & Co. KGaA 79 Remuneration report 91 Management declaration 95 Description of key indicators NAVIGATE THIS REPORT BY MOUSE-CLICK REPORT NAVIGATION Go to table of contents Forward Back Page reference Reference to external documents Back to last page Search in document Cover: Winner CEWE Photo Award 2019 / REZA VAHDATI / Baseball Hold CEWE ANNUAL REPORT 2019 2 CEWE at a glance 1 Statement STATEMENT “With CEWE PHOTOBOOK as the no. 1 on the market as well as CEWE CALENDARS, CEWE CARDS, CEWE WALL ART and other photo products, CEWE is the leading omnichannel photo provider in Europe. In Commercial Online Printing, with our highly efficient production facilities we are a top provider of high-quality but low-cost printing products. Together with all of our employees, we are working on new products and innovations every day. Customer satisfaction is always the guiding principle which plays a key role in our activities.” DR CHRISTIAN FRIEGE, CHAIRMAN OF THE BOARD OF MANAGEMENT OF NEUMÜLLER CEWE COLOR STIFTUNG CEWE ANNUAL REPORT 2019 CEWE at a glance 2 Premium quality with leading brands PREMIUM QUALITY WITH LEADING BRANDS PHOTOFINISHING RETAIL COMMERCIAL ONLINE PRINTING CEWE ANNUAL REPORT 2019 2 CEWE at a glance 3 CEWE Group CEWE GROUP EUROPE’S LEADING PHOTO SERVICE AND ONLINE PRINTING PROVIDER From its beginnings in 1912, CEWE has established itself as the first choice as a photo service for anyone looking to make more of their photos. The company’s CEWE PHOTOBOOK in particular stands for this, with multiple awards and significantly more than six million copies sold every year. Customers can obtain further personalised photo products through the brands CEWE, WhiteWall and Cheerz, for instance – and from many leading European retailers. These brand worlds inspire customers to produce a wide range of creative designs with their personal photos, and customers entrust the company with around 2.4 billion photos every year. In addition, for the still young online printing market the CEWE Group has established a highly efficient production system for printed advertising media and business stationery. Billions of quality printing products reliably reach their customers via the distribution platforms SAXOPRINT, CEWE-PRINT.de, LASERLINE and viaprinto every year. The CEWE Group is committed to a sustainable corporate management philosophy which is also supported by the Neumüllers, the company’s founding family, and has been recognised with multiple awards: a long-term business focus; fair, partnership-based relationships with customers, employees and suppliers; and assuming social responsi- bility while pursuing an environmentally friendly approach and conserving resources. For instance, all CEWE brand products are produced on a climate-neutral basis. The CEWE Group is present in more than 20 countries, with over 4,000 employees, and its turnover increased to 714.9 million euros in 2019. The CEWE share is listed in the SDAX index. CEWE ANNUAL REPORT 2019 CEWE at a glance 4 Present in Europe PRESENT IN EUROPE PRODUCTION PLANTS WITH DISTRIBUTION OFFICES Oldenburg (Headquarter ), Bad Kreuznach, Oslo Dresden, Freiburg (Eschbach), Frechen, Munich (Germering), Budapest (HU), Koźle (PL), Paris (FR), Prague (CZ), Warwick (UK) Gothenburg PRODUCTION PLANTS Aarhus Mönchengladbach, Montpellier (Fabrègues (FR)), Rennes (Vern-sur-Seiche (FR)) Oldenburg Berlin DISTRIBUTION OFFICES Warwick Nunspeet Warsaw Aarhus (Åbyhøj (DK)), Berlin, Bratislava (SK), Muenster Bukarest (RO), Gothenburg (SE), Cologne, Mönchengladbach Dresden Mechelen Cologne Ljubljana (SI), Madrid (ES), Mechelen (B), Frechen Bad Kreuznach Koźle Muenster, Nunspeet (NL), Oslo (NO), Prague Warschau (PL), Vienna (AT), Zagreb (HR), Rennes Paris Freiburg Zurich (Dübendorf (CH)) Munich Vienna Bratislava Zurich Budapest DELIVERY AREA FOR CEWE PRODUCTS Ljubljana Austria, Belgium, Croatia, Czech Republic, Zagreb Denmark, France, Germany, Hungary , Ireland, Bucharest Montpellier Italy, Luxembourg, Netherlands, Norway, Poland, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom Madrid see Production plants and distribution offices, page 183 CEWE ANNUAL REPORT 2019 4 CEWE at a glance 5 Key indicators CEWE Group in 2019 KEY INDICATORS CEWE GROUP IN 2019 Oslo 714.9 million euros of turnover Gothenburg Aarhus 21 27 6.6 million European countries1 distribution CEWE offices PHOTOBOOKS Oldenburg Berlin Warwick Nunspeet Warsaw Muenster Mönchengladbach Dresden Mechelen Cologne Frechen 1 8,000 Bad Kreuznach Koźle CEWE PHOTOSTATIONS Prague Rennes Paris Freiburg Munich Vienna Bratislava Zurich Budapest Ljubljana Zagreb Bucharest Montpellier billion Madrid 4,200 1 4 20,000 2.4 employees production plants retailers supplied photos produced 1 For 2019, the countries where CEWE has a presence are those countries where CEWE products are actively distributed. CEWE ANNUAL REPORT 2019 CEWE at a glance 6 Results 2019 RESULTS 2019 PHOTOFINISHING SALES COMMERCIAL ONLINE » Tax result does not reflect LASERLINE’s restructuring PRINTING RESULTS costs, normalised tax rate of 30.9 % » Total volume of photos exceeds the expected range, » Earnings per share at 4.41 euros due to high absolute with 2.40 billion photos » Turnover increases slightly overall in 2019, by 1.6 % to tax burden » 6.62 million CEWE PHOTOBOOKS sold: + 7.2 % 103.2 million euros (2018: 101.6 million euros) » Further increase in the volume of CEWE CALENDARS, » LASERLINE’s weak turnover trend due to price pressure CEWE WALL ART, CEWE CARDS and other photo gifts, in Germany in particular dampens growth throughout the BALANCE SHEET AND FINANCING reinforcing the trend of higher-quality products Commercial Online Printing business unit » 59.9 % of all photos are collected from retail stores » Decline in LASERLINE’s business also reduces COP » Equity ratio remains a strong 47.6 % despite IFRS 16 operating earnings; 5.0 million euros for extraordinary » Operating net working capital reduced by 11.2 % expenses and accruals for planned optimisation measures » Before balance sheet extension due to new leasing PHOTOFINISHING TURNOVER at LASERLINE also has negative impact on EBIT: accounting rules: net cash position of 30.4 million euros – – 7.7 million euros (2018: – 1.6 million euro) even after acquisitions » CEWE brand products achieve further growth and strengthen Photofinishing turnover » Turnover per photo continues to increase: RETAIL RESULTS CASH FLOW + 5.5 % to 23.65 euro cents per photo » Photofinishing turnover of 568.0 million euros in 2019: » CEWE RETAIL makes further active reduction in photo » EBITDA growth causes cash flow from operating activities strong growth of + 13.8 % on previous year hardware turnover in 2019: 43.7 million euros to increase to 102.1 million euros » Fourth-quarter turnover increases by a strong (2018: 48.7 million euros) » Free cash flow improves by 25.4 million euros, even before 15.0 % to 251.1 million euros » Despite decline in turnover, EBIT at same level as in the new leasing accounting rules previous year: 35 thousand euros (2018: 55 thousand euros) PHOTOFINISHING EARNINGS RETURN ON CAPITAL EMPLOYED CONSOLIDATED PROFIT AND » Photofinishing EBIT increases to 66.9 million euros in 2019 LOSS ACCOUNT » Average capital employed increased to 300.9 million euros, (2018: 57.8 million euros, + 15.7 %) due to acquisitions » Despite the transaction costs associated with WhiteWall’s » Group turnover increases more than planned to » Positive earnings trend causes ROCE before IFRS 16 and acquisition, Photofinishing’s operating margin once again 714.9 million euros (2018: 649.3 million euros) restructuring to increase to 19.6 % increases in 2019 as a whole and now amounts to 12.4 % » Earnings target clearly achieved: Group EBIT increases (2018: 12.1 %) to 57.8 million euros (2018: 55.7 million euros) » Fourth quarter delivers 95 % of Photofinishing’s EBIT for » Excellent Christmas business once again delivers profit the year as a whole for the year: Q4 EBIT increases to 58.5 million euros CEWE ANNUAL REPORT 2019 6 CEWE at a glance 7 Development of financial indicators 2019 DEVELOPMENT OF FINANCIAL INDICATORS 2019 Photos CEWE PHOTOBOOK Turnover 710 2.26 6.31 675 2.22 2.40 6.24 6.62 714.9 in billion units in million units in millions of euros Target Actual Target Actual Target Actual EBIT
Load more

Recommended publications
  • DWS Equity Funds Semiannual Reports 2010/2011
    DWS Investment GmbH DWS Equity Funds Semiannual Reports 2010/2011 ■ DWS Deutschland ■ DWS Investa ■ DWS Aktien Strategie Deutschland ■ DWS European Opportunities ■ DWS Intervest ■ DWS Akkumula : The DWS/DB Group is the largest German mutual fund company according to assets under management. Source: BVI. As of: March 31, 2011. 4/2011 DWS Deutschland DWS Investa DWS Aktien Strategie Deutschland DWS European Opportunities DWS Intervest DWS Akkumula Contents Semiannual reports 2010/2011 for the period from October 1, 2010, through March 31, 2011 (in accordance with article 44 (2) of the German Investment Act (InvG)) TOP 50 Europa 00 General information 2 Semiannual reports 2010 DWS Deutschland 4 DWS Investa 10 2011 DWS Aktien Strategie Deutschland 16 DWS European Opportunities 22 DWS Intervest 28 DWS Akkumula 36 1 General information Performance ing benchmarks – if available – are also b) any taxes that may arise in connec- The investment return, or performance, presented in the report. All financial tion with administrative and custodial of a mutual fund investment is meas - data in this publication is as of costs; ured by the change in value of the March 31, 2011. c) the costs of asserting and enforcing fund’s units. The net asset values per the legal claims of the investment unit (= redemption prices) with the addi- Sales prospectuses fund. tion of intervening distributions, which The sole binding basis for a purchase are, for example, reinvested free of are the current versions of the simpli- The details of the fee structure are set charge within the scope of investment fied and the detailed sales prospec - forth in the current detailed sales accounts at DWS, are used as the basis tuses, which are available from DWS, prospectus.
    [Show full text]
  • DWS Concept Platow – July 2021 Report
    DWS Concept Platow – July 2021 Report July was a good month for mid and small caps. The MDAX, TecDAX MDAX or SDAX; companies with an even smaller capitalization that do and SDAX ended the month with pleasing gains, whereas the DAX not belong to any of these four indices accounted for roughly one third treaded water. The DWS Concept Platow Fund’s performance was ob- of the portfolio. As of July 30, the breakdown by market cap was: jectively good too, although it did not gain quite as much as the SDAX. MDAX 14%, SDAX 25%, no index 47%. (Cash allocation was 4%.) This small cap index is the most comparable benchmark even Many investors are interested in index breakdowns, but they though the investment process applied by the fund is all-cap by design. should be interpreted with caution. Space here is limited, so we only That means basically any stock of a German company can become part use the MDAX as an example why caution is called for. At inception, of the fund’s portfolio, regard- the MDAX contained 70 stocks; this was later reduced to 50, currently Top Ten Holdings less of whether it is a blue chip there are 60 stocks in the index and from September on it will again Verbio stock from the DAX, a mid cap consist of 50 stocks. We also note that double listings in the MDAX and Steico from the MDAX or a small cap TecDAX (which is the case for Bechtle, a portfolio stock) or in the SDAX Bechtle from the SDAX, and even if it’s and TecDAX (e.g.
    [Show full text]
  • Company Presentation
    CEWE Company Presentation March 2021 Financial schedule (insofar as already scheduled) 12.05.2021 Publication of interim statement Q1 2021 12.05.2021 Press release Q1 2021 09.06.2021 AGM 2021 10.06.2021 Warburg Highlights Conference 2019 2018 10.08.2021 Publication interim report H1 2021 10.08.2021 Press release H1 2021 #2 SDAX: CEWE #2 SDAX: CEWE 21.09.2021 Berenberg & Goldman Sachs German Corporate Conference 2021 23.09.2021 Baader Investment Conference 2021 12.11.2021 Publication interim statement Q3 2021 12.11.2021 Press release Q3 2021 22.11.2021 Deutsches Eigenkapitalforum Available in the App Stores: the CEWE Investor Relations app for an iPad® or android tablet, with annual reports and quarterly reports, presentations and sustainability reports. 2 Agenda Introduction 4-11 Equity Story 13-29 Sustainability 31-41 Share 43-46 Details Photofinishing 48-82 Backup » Results 2020 84-104 » Multi-Year Overview 106-110 The CEWE-Group EUROPE’S LEADING PHOTO SERVICE AND ONLINE PRINTING PROVIDER From its beginnings in 1912, CEWE has established itself as the first choice as a photo service for anyone looking to make more of their photos. The company’s CEWE PHOTOBOOK in particular stands for this, with multiple awards and significantly more than six million copies sold every year. Customers can obtain further personalised photo products through the brands CEWE, WhiteWall and Cheerz, for instance – and from many leading European retailers. These brand worlds inspire customers to produce a wide range of creative designs with their personal photos, and customers entrust the company with around 2.3 billion photos every year.
    [Show full text]
  • Geschäftsbericht 2016 Wüstenrot & Württembergische AG
    www.ww-ag.com Geschäftsbericht 2016 Wüstenrot & Württembergische AG Wüstenrot & Württembergische AG Kennzahlenübersicht W&W-Konzern (nach IFRS) Konzernbilanz 31.12.2016 31.12.2015 Bilanzsumme in Mrd € 72,3 74,1 Kapitalanlagen in Mrd € 45,8 47,0 Zur Veräußerung verfügbare finanzielle Vermögenswerte in Mrd € 24,6 24,3 Erstrangige Forderungen an Institutionelle in Mrd € 14,3 15,7 Baudarlehen in Mrd € 23,7 24,3 Verbindlichkeiten gegenüber Kunden in Mrd € 25,4 25,3 Versicherungstechnische Rückstellungen in Mrd € 33,3 32,9 Eigenkapital in Mrd € 3,8 3,6 Eigenkapital je Aktie in € 40,56 38,68 1.1.2016 bis 1.1.2015 bis Konzern-Gewinn- und Verlustrechnung 31.12.2016 31.12.2015 Finanzergebnis (nach Risikovorsorge) in Mio € 1 817,7 2 031,5 Verdiente Beiträge (netto) in Mio € 3 932,8 3 982,9 Leistungen aus Versicherungsverträgen (netto) in Mio € – 4 080,1 – 4 284,2 Konzernergebnis aus fortzuführenden Unternehmensteilen vor Ertragsteuern in Mio € 291,6 323,6 Konzernüberschuss in Mio € 235,3 274,3 Konzerngesamtergebnis in Mio € 230,9 89,0 Ergebnis je Aktie in € 2,49 2,88 Sonstige Angaben 31.12.2016 31.12.2015 Mitarbeiterinnen und Mitarbeiter (Inland)1 6 745 6 907 Mitarbeiterinnen und Mitarbeiter (Konzern)2 8 395 8 763 1.1.2016 bis 1.1.2015 bis Vertriebskennzahlen 31.12.2016 31.12.2015 Konzern Gebuchte Bruttobeiträge in Mio € 3 988,8 4 040,5 Neugeschäft Baufinanzierung (inkl. Vermittlungen ins Fremdbuch) in Mio € 5 388,5 5 476,6 Absatz eigener und fremder Fonds in Mio € 381,2 355,2 Segment BausparBank Brutto-Bausparneugeschäft in Mio € 13 550,8 14 082,4 Netto-Bausparneugeschäft in Mio € 11 901,7 11 675,5 Segment Personenversicherung Gebuchte Bruttobeiträge in Mio € 2 315,8 2 375,3 Neubeiträge in Mio € 659,2 679,1 Segment Schaden-/Unfallversicherung Gebuchte Bruttobeiträge in Mio € 1 678,3 1 638,8 Neubeiträge (gemessen am Jahresbestandsbeitrag) in Mio € 207,9 209,8 1 Arbeitskapazitäten (auf Vollzeit umgerechnete Arbeitsverhältnisse).
    [Show full text]
  • Abruf-Service Neuordnung Indizes 40/18 1/4
    Abruf-Service Neuordnung Indizes 40/18 1/4 Der D e u t s c h e Wirtschaftsbrief Neuordnung Indizes Die Indizes in Deutschland wurden neu geordnet. Dabei dürfen jetzt große und erfolgreiche Unternehmen auch im TecDax auftauchen – oder umgekehrt: TecDax-Unternehmen können zusätzlich im Dax, MDax oder im SDax auftauchen. Daher wurden der MDax und der SDax um 10 bzw. 20 Titel erweitert. Zusätzlich tauschten die Initiatoren einige Objekte aus. Wir zeigen Ihnen einen vollkommenen Überblick. 1. Der neue Dax Unternehmen Unternehmen adidas Fresenius Medical .. Allianz Fresenius BASF HeidelbergCement Bayer Henkel BMW Infineon Beiersdorf Linde AG z.Umtausc.. Continental Merck Covestro Muenchener Rueck Daimler RWE Deutsche Bank SAP Deutsche Boerse Siemens Lufthansa Thyssen-Krupp Deutsche Post Volkswagen Deutsche Telekom Vonovia E.ON Wire Card 2. Der neue MDax Unternehmen Unternehmen Aareal Bank Lanxess Airbus Group LEG Immobilien AG Alstria Office Rei.. METRO Wholesale & .. Aroundtown SA Bear.. MorphoSys Aurubis MTU Aero Engines Axel Springer Nemetschek Bechtle Norma Group Theodor-Heuss-Straße 2/4, 53177 Bonn Telefon: +49 (0) 228 8205-0 · Telefax: +49 (0) 228 3696480 [email protected] · www.gevestor.de GeVestor ist ein Unternehmensbereich der Verlag für die Deutsche Wirtschaft AG Vorstand: Richard Rentrop · USt-ID: DE 812639372 · Amtsgericht Bonn, HRB 8165 Abruf-Service Neuordnung Indizes 40/18 2/4 Unternehmen Unternehmen Brenntag Osram Licht Commerzbank ProSiebenSat.1 Med.. CTS Eventim Puma Delivery Hero SE N.. Qiagen Deutsche Euroshop Rheinmetall Deutsche Pfandbrie.. Rocket Internet Deutsche Wohnen RTL Group Drillisch Salzgitter Dürr Sartorius Evonik Schaeffler Evotec Scout24 Fielmann Siemens Healthinee.. Fraport Siltronic Freenet Software AG Fuchs Petrolub Symrise GEA Group TAG Immobilien Gerresheimer Glas Telefónica Deutsch.
    [Show full text]
  • Online-Appendix Zu
    Online-Appendix zu „Impact of Weather on the Stock Market Returns of Different Industries in Germany“ Astrid Schulte-Huermann WHU – Otto Beisheim School of Management Junior Management Science 5(3) (2020) 295-311 Appendix Appendix A. List of companies included in each sector Financials Telecommunication Technology Consumer Non- Industrials Healthcare Basic Materials Consumer Cyclicals Utilities Cyclicals ALLIANZ SE DT TELEKOM N INFINEON TECH BEIERSDORF DEUTSCHE POST BAYER N AG BASF SE ADIDAS N RWE DEUTSCHE BANK 1&1 DRILLISCH SAP SE BAYWA N DT LUFTHANSA A FRESENIUS MEDI HEIDELBERGCEMEBAY MOT WERKE ENCAVIS DT BOERSE N FREENET N AG BECHTLE KWS SAAT SIEMENS N FRESENIUS SE HENKEL AG&CO V CONTINENTAL AG E ON MUENCH. RUECK UNITED INTERNE DIALOG SEMICON SUEDZUCKER WIRE CARD MERCK KGAA LINDE PLC DAIMLER AG N AAREAL BANK NEMETSCHEK AIRBUS SE CARL ZEISS MED THYSSENKRUPP A VOLKSWAGEN VZ ALSTRIA OFF RE SOFTWARE DUERR AG EVOTEC AURUBIS A SPRINGER SE COMMERZBANK ADVA OPTICAL N FRAPORT GERRESHEIMER FUCHS PETRO VZ FIELMANN DEUTSCHE WOHNE AIXTRON NA GEA GROUP MORPHOSYS K+S AG NA HUGO BOSS N DT EUROSHOP NA CANCOM SE HOCHTIEF QIAGEN NV LANXESS PROSIEBENSAT1 HANNOVER RUECK COMPUGROUP MED MTU AERO ENGIN SARTORIUS VZ SYMRISE AG PUMA TAG IMMOBILIEN ISRA VISION AMADEUS FIRE DRAEGERWERK VZ WACKER CHEMIE RHEINMETALL ADLER REAL ES S&T AG BERTRANDT RHOEN KLINIKUM KLOECKNER + CO RTL GROUP DIC ASSET SMA SOLAR TECH BILFINGER SALZGITTER BOR. DORTMUND DT BETEIL AG TAKKT CEWE STIFTUNG SGL CARBON CECONOMY GRENKE XING DEUTZ CTS EVENTIM HAMBORNER REIT ZOOPLUS DR HOENLE HORNBACH HYPOPORT AG HAMBURGER HAFE RATIONAL PATRIZIA IMMOB HEIDELBERG DRU SAF HOLLAND SA WUESTENR&WUERT INDUS HOLDING STEINHOFF JENOPTIK JUNGHEINRICH V KOENIG & BAUER KRONES AG LEONI AG N NORDEX PFEIFFER VACUU SIXT SE VOSSLOH AG WACKER NEUSON WASHTEC Company data retrieved from Thomson Reuters Datastream, 2019 40 Appendix B.
    [Show full text]
  • Geschäftsbericht 2015 Wüstenrot & Württembergische AG Wüstenrot & Württembergische AG Geschäftsbericht 2015 Kennzahlenübersicht W&W-Konzern
    Geschäftsbericht 2015 Wüstenrot & Württembergische AG Wüstenrot & Württembergische AG Geschäftsbericht 2015 Kennzahlenübersicht W&W-Konzern W&W-Konzern (nach IFRS) Konzernbilanz 31.12.2015 31.12.2014 Bilanzsumme in Mrd € 74,1 78,5 Kapitalanlagen in Mrd € 47,0 49,7 Zur Veräußerung verfügbare finanzielle Vermögenswerte in Mrd € 24,3 25,6 Erstrangige Forderungen an Institutionelle in Mrd € 15,7 16,5 Baudarlehen in Mrd € 24,3 25,1 Verbindlichkeiten gegenüber Kunden in Mrd € 25,3 25,7 Versicherungstechnische Rückstellungen in Mrd € 32,9 32,9 Eigenkapital in Mrd € 3,6 3,7 Eigenkapital je Aktie in € 38,68 37,98 1.1.2015 bis 1.1.2014 bis Konzern-Gewinn- und Verlustrechnung 31.12.2015 31.12.2014 Finanzergebnis (nach Risikovorsorge) in Mio € 2 031,5 2 241,4 Verdiente Beiträge (netto) in Mio € 3 982,9 3 939,4 Leistungen aus Versicherungsverträgen (netto) in Mio € – 4 284,2 – 4 426,9 Konzernergebnis aus fortzuführenden Unternehmensteilen vor Ertragsteuern in Mio € 323,6 283,0 Konzernüberschuss in Mio € 274,3 242,0 Konzerngesamtergebnis in Mio € 89,0 440,2 Ergebnis je Aktie in € 2,88 2,52 Sonstige Angaben 31.12.2015 31.12.2014 Mitarbeiterinnen und Mitarbeiter (Inland)1 6 907 7 227 Mitarbeiterinnen und Mitarbeiter (Konzern)2 8 763 9 140 1.1.2015 bis 1.1.2014 bis Vertriebskennzahlen 31.12.2015 31.12.2014 Konzern Gebuchte Bruttobeiträge in Mio € 4 040,5 4 033,3 Neugeschäft Baufinanzierung (inkl. Vermittlungen ins Fremdbuch) in Mio € 5 476,6 4 748,1 Absatz eigener und fremder Fonds in Mio € 355,2 285,0 Segment BausparBank Brutto-Bausparneugeschäft in Mio € 14 082,4 13 736,4 Netto-Bausparneugeschäft in Mio € 11 675,5 11 533,3 Segment Personenversicherung Gebuchte Bruttobeiträge in Mio € 2 375,3 2 428,9 Neubeiträge in Mio € 679,1 731,5 Segment Schaden-/Unfallversicherung Gebuchte Bruttobeiträge in Mio € 1 638,8 1 580,1 Neubeiträge (gemessen am Jahresbestandsbeitrag) in Mio € 209,8 204,8 1 Arbeitskapazitäten (auf Vollzeit umgerechnete Arbeitsverhältnisse).
    [Show full text]
  • 2019 Annual Financial Statements*
    2019 Annual Financial Statements* K+S Aktiengesellschaft * The Management Report of K+S AKTIENGESELLSCHAFT and the Group Management Report for the 2019 financial year are combined in the 2019 Annual Report. The Company is exempt from the obligation to prepare a non-fi- nancial statement pursuant to Section 289b ff. of the German Commercial Code (Handelsgesetzbuch – HGB). Contents 2019 ANNUAL FINANCIAL STATEMENTS* 1 Income Statement 1 Balance Sheet 2 Notes 3 Basis of Preparation 3 Accounting policies 3 Currency translation 6 Notes to the income statement 6 Notes to the Balance Sheet 10 Current assets 11 Other disclosures 15 Further information 27 Auditor's report 27 Additional notes 35 1 Income Statement Notes 2018 2019 In € thousand Revenues 1 137,788 137,289 Cost of sales 152,411 147,109 Gross profit – 14,623 – 9,820 Selling expenses 4,617 2,028 General and administrative expenses 30,239 31,795 Research costs 2,399 2,871 Other operating income 2 100,450 442,399 Other operating expenses 3 118,951 94,258 Income from long-term equity investments 4 323,978 147,175 – of which from profit transfers 283,503 147,171 Other interest and similar income 5 10,537 8,352 – of which from affiliated companies 4,380 4,649 Write-downs of long-term financial assets and securities classified as current assets 90 25 Expenses for loss absorption 4 31 18 Interest and similar expenses 5 179,189 143,804 – of which to affiliated companies 48,614 41,127 Taxes on income 6 10,339 25,155 Earnings after taxes / net income for the financial year 74,487 288,152 Allocation
    [Show full text]
  • Annual Report 2016
    Annual Report 2016 ANNUAL REPORT 2016 “ Together with all of the company’s employees, we have ensured that the established market leader for industrial photofinishing of analogue photos and films is now also the market leader in the market for digital photo products. As the no. 1 product on the mar- ket, CEWE PHOTOBOOK is the outstanding symbol of this success- ful transformation. With CEWE CALENDARS, CEWE CARDS and CEWE WALL ART, we have now brought further brand products onto the market. We intend to build on this position. We have also added online offset printing to our expertise in the field of digital printing and developed our Commercial Online Printing business.” Dr Rolf Hollander, Chairman of the Board of Management of Neumüller CEWE COLOR Stiftung 2 Highlights HIGHLIGHTS 2016 Targets for 2016 achieved Digital prints in billion units Prints from film in billion units CEWE PHOTOBOOK in million units 2.18 0.06 6.2 2.15 0.055 6.15 2.05 0.050 6.10 Target Actual Target Actual Target Actual Turnover in million euros EBIT in million euros EBT in million euros 593.1 47.0 46.2 46.0 45.0 575.0 40.0 39.0 555.0 Target Actual Target Actual Target Actual Investments in million euros Earnings after taxes in million euros Earnings per share in euros / share 49.8 51.0 30.4 4.25 33.0 4.57 29.0 4.00 Target Actual Target Actual Target Actual Highlights 3 Photofinishing sales Retail results Total volume of photos exceeds expectations, Repositioning of Retail pays off: with 2.23 billion photos EBIT now positive again, at 0.6 million euros 6.2 million
    [Show full text]
  • 18Th German Corporate Conference
    18th German Corporate Conference Programme Frankfurt, 21 – 23 January 2019 More than 170 companies confirmed their participation Tue 1&1 Drillisch AG* Mon, Tue Covestro AG Mon Hamburger Hafen und Logistik AG Wed Munich Re* Mon Ströer SE & Co. KGaA Wed Aareal Bank AG Wed CropEnergies AG Wed Hannover Rück SE Tue Mutares AG Tue Südzucker AG* Mon-Wed adidas Group* Mon CTS EVENTIM AG & Co. KG aA* Wed Hapag-Lloyd Aktiengesellschaft Tue NEMETSCHEK SE Tue Symrise AG Wed Adler Modemärkte AG Wed Delivery Hero SE Wed Hawesko Holding AG* Tue Nordex SE Mon TAG Immobilien AG Mon ADLER Real Estate AG* Wed Deutsche Börse AG Mon HeidelbergCement AG Mon, Wed NORMA Group SE Wed TAKKT AG Wed AGRANA Beteiligungs-AG* Tue Deutsche EuroShop AG* Mon Heidelberger Druckmaschinen AG Tue OSRAM Licht AG Wed Talanx AG* Wed AIXTRON SE* Tue, Wed Deutsche Lufthansa AG Tue HELLA KGaA Hueck & Co.* Tue PALFINGER AG Tue Tele Columbus AG* Wed Allianz SE* Wed Deutsche Pfandbriefbank AG Tue HOCHTIEF Aktiengesellschaft* Mon PATRIZIA Immobilien AG Tue Telefónica Deutschland Holding AG Tue alstria office REIT-AG* Mon Deutsche Telekom AG* Tue, Wed Hugo Boss AG Mon Pfeiffer Vacuum Technology AG* Tue thyssenkrupp AG* Wed ANDRITZ AG* Mon, Tue Deutsche Wohnen SE Tue IMMOFINANZ AG Tue PORR AG Tue TLG IMMOBILIEN AG Tue Aroundtown S.A. Mon Deutz AG Mon innogy SE* Tue Porsche Automobil Holding SE* Wed TOM TAILOR Holding SE* Mon AT&S AG Mon, Tue Dialog Semiconductor plc Mon Instone Real Estate Group AG Tue, Wed ProCredit Holding AG & Co. KGaA Tue, Wed TUI Group Tue Aurubis AG Wed Drägerwerk AG & Co.
    [Show full text]
  • B.A.U.M. Fair Future Fund
    CAPITAL MANAGEMENT COMPANY: B.A.U.M. Fair Future Fund SEMI-ANNUAL REPORT AS AT 28 FEBRUARY 2021 CUSTODIAN: ADVISOR AND DISTRIBUTOR: Semi-annual report B.A.U.M. Fair Future Fund Balance sheet as at 28/02/2021 Daily value % portion Investment focus in EUR of Fund assets I. Assets 99,019,833.79 100.49 1. Equities 83,925,330.64 85.17 Federal Republic of Germany 33,065,052.20 33.56 Canada 1,600,477.88 1.62 Denmark 5,267,439.06 5.35 Finland 1,611,600.00 1.64 France 1,638,160.00 1.66 Ireland 662,750.00 0.67 Japan 6,177,828.08 6.27 Luxembourg 1,573,600.00 1.60 Netherlands 3,165,470.00 3.21 Norway 1,560,990.08 1.58 Austria 2,503,840.00 2.54 Sweden 3,425,698.87 3.48 Switzerland 10,001,087.65 10.15 Spain 465,000.00 0.47 USA 11,206,336.82 11.37 2. Bank balances 15,065,739.16 15.29 3. Other assets 28,763.99 0.03 II. Liabilities -484,762.36 -0.49 III. Fund assets 98,535,071.43 100.00 Page 2 Semi-annual report B.A.U.M. Fair Future Fund Statement of assets as at 28/02/2021 Quantity or Description ISIN Market Shares or Holdings Purchases/ Sales/ Price Market value % Currency in ,000 28/02/2021 Additions Disposals in EUR of the Fund during the reporting period assets Portfolio holdings EUR 83,925,330.64 85.17 Exchange-traded securities EUR 81,340,005.04 82.55 Equities EUR 81,340,005.04 82.55 Emmi AG Namens-Aktien SF 10 CH0012829898 Quantity 1,600 750 0 CHF 900.000 1,310,639.85 1.33 Fischer AG, Georg Namens-Aktien SF 1 CH0001752309 Quantity 1,150 450 0 CHF 1,169.000 1,223,582.42 1.24 Geberit AG Nam.-Akt.
    [Show full text]
  • Broadband & Fixed Network Test
    HOME CONNECT his is the ninth time connect has con- methodology. One of our main concerns was to ducted its wide-ranging broadband and separate the technical performance of the tested fixed- network test together with Ismaning- connections from the market promises that were, based network test specialist zafaco. in some cases, exaggerated or misleading – for T One might therefore be led to think that so- more about this, go to page 86. In line with techno- FIXED NETWORKS mething akin to routine had set in, but this would logy and market developments, we again raised a be wide off the mark. number of threshold values and thus set higher In March 2018 – well before the test period sche- technical standards. And we have a new candidate duled to take place from mid-May to mid-June – this year in the shape of Pÿur (Tele Columbus). the previous year’s winner 1&1 announced in a UNDER THE press release that it did not want to take part in our Nervous tension among the test candidates 2018 fixed-network test. It gave its reason as on- During the test and in the period thereafter, there going renovation and integration work in its net- were some intense exchanges of opinion with the work. However, participation in the test is not at candidates – for instance due to irregularities the discretion of the candidates. With a view to reported by the zafaco monitoring system during editorial impartiality and comparability of results, the tests (see page 89). But we take it in good sport MICROSCOPE connect declined immediately – and included 1&1 – the nervous reactions of some network operators On behalf of connect, the zafaco network experts really put in the test.
    [Show full text]