CEWE Divests Online-Print, Refocuses on Photofinishing

CEWE Stiftung & Co. KGaA announced the divestment of its Commercial Online-Print business to Cimpress plc. This strategic move involves the sale of SAXOPRINT's Dresden facility and sales units viaprinto and LASERLINE. The move allows CEWE to concentrate on its core Photofinishing business. CEWE expects this to improve its EBIT margin to approximately 11.2%, and ROCE to 19.6% for 2025 on a pro forma basis.

The transaction completion is subject to regulatory approvals, expected by the second half of 2026. The sale will generate a cash inflow exceeding the current book value, with a gain anticipated in the mid-double-digit million-euro range.

In 2025, the Online-Print division earned EUR 89.6 million in revenue. For 2026, CEWE forecasts revenue growth up to 4%, estimating between EUR 780 million to EUR 810 million, focusing efforts on Photofinishing development and share buyback programs.