"We want our shareholders to participate in the effective completion of transformationrelated restructuring measures and the successful establishment of digital business – in particular business with Cewe Photo Books: good earnings prospects for 2010 enable us to practice a shareholder-friendly and at the same time sustained dividend policy," says Dr. Rolf Hollander, Chairman of the Board of Management of Cewe Color Holding AG. The current continued low need for investment and positive expectations in terms of cash flow from current business operations justify the distribution of the full amount of profits and give rise to expectations of a positive development in the free cash flow. The 2009 free cash flow was already increased to as much as EUR 9.9 million (2008 EUR 1.0 million).