CEWE COLOR is

Investments in digital capacities
Investments
in EUR millions
29.5
21.3
Investments > EUR 310 million
Digital photos
in millions
2.2 billion digital
photos in 2011
► CEWE has consistently invested more than EUR 310 million in building up
digital business early
► Capacities are largely sufficient. From 2009 on it may be possible to reduce
investments
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40.4
37.2 36.2
32.5
36.0 34.5 34.1 32.5
35.5
35.5
33.3
33.3
27.4
26.4
27.4 26.4
30.3
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
30.3
38.8
170
509
830
1,114
1,515
1,786
2,036
2,129
2,246
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011