CEWE COLOR is

Outlook 2012
Target Change 2011
Photos digital 2.13-2.18 billion photos -3% to -5%
analogue 0.16-0.18 billion photos -30% to -35%
total 2.29-2.36 billion photos -5% to -8%
CEWE PHOTO BOOKS 5.7-5.9 million books +11% to +15%
Investments 30-33 EUR millions -1% to +9%
Turnover * 500-525 EUR millions +7% to +12%
EBIT 27-33 EUR millions -10% to +10%
EBT 25-31 EUR millions -14% to +6%
Earnings after tax 16-20 EUR millions -14% to +8%
Earnings per share 2.44-3.06 EUR -14% to +8%
* fx. adjusted
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