CEWE COLOR is

Restructuring expenditure
Restructuring expenditure caused by the analogue-digital-transformation
in million Euros
0.0 0.0
2.6
12.9
6.7
12.2
11.4
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
� From 2010 on nor more restructuring expenditure will occur due to
analogue/digital transformation
� Ceteris paribus profits will increase by approx. 10 million euros
from 2010 on
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9.5
2.2
0.0