The media market and Saturn mother Ceconomy has further improved its profitability.
The adjusted result before interest and taxes (EBIT) doubled in the traditionally weaker second business quarter to ten million euros, as the retail group announced on Thursday in Düsseldorf.
“We are growing sustainably for the ninth time in a row and improve our profitability – a proof that our strategy is successful and is consistently implemented,” said transition chief Kai -Ulrich Deissner. The previous CFO has taken over the post of Carsten Wildberger, who has switched to politics and is now leading the Digital Ministry in the new Federal Government. According to its own statements, the company is on course to reach its medium -term goals, it said.
“We rely on strict cost discipline and quickly adapt to market changes,” commented Interim Finance chief Remko Rijnders. Sales fell from 5.3 to 5.2 billion euros in the three months at the end of March. Analysts had expected a plus. Currency and portfolio-adjusted Ceconomy achieved growth of 1.3 percent.
According to the information, the realignment of Ceconomy from the classic retailer to the Omnichannel platform is progressing. Online sales currency and portfolio cleaned up by 7.4 percent to just under 1.3 billion euros, and thus reached a quarter of total sales. The forecast for 2024/25 confirmed Ceconomy.
/NAS/JHA/He
Düsseldorf (dpa-Afx)
Selected leverage products on Ceconomy St.
With knock-outs, speculative investors can participate disproportionately in price movements. Simply choose the desired lever and we will show you suitable open-end products on Ceconomy St.
The lever must be between 2 and 20
Advertising