CECONOMY AG · ISIN: DE0007257503 · EQS - adhoc news

CECONOMY specifies outlook for the business year 2023/24

CECONOMY specifies outlook for the business year 2023/24 CECONOMY AG ("CECONOMY") specifies the outlook for the business year 2023/24. Expected is now an adjusted EBIT of between 290 and 310 million euros. This surpasses analysts’ expectations of 273 million euros*. This increase is expected to be primarily driven by the Western/Southern Europe segment. Previously, CECONOMY had expected a clear improvement in adjusted EBIT resulting from the DACH and Western/Southern Europe segments. CECONOMY...

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13 May 2024 06:34AM
CECONOMY specifies outlook for the business year 2023/24
DE0007257503
CECONOMY specifies outlook for the business year 2023/24 CECONOMY AG ("CECONOMY") specifies the outlook for the business year 2023/24. Expected is now an adjusted EBIT of between 290 and 310 million euros. This surpasses analysts’ expectations of 273 million euros*. This increase is expected to be primarily driven by the Western/Southern Europe s...
CECONOMY AG
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26 October 2022 07:00AM
FY 2021/22 - Sales above previous year, adjusted EBIT in the upper range of the guidance
DE0007257503
FY 2021/22: Sales above previous year, adjusted EBIT in the upper range of the Guidance Düsseldorf, 26 October 2022 Total sales in FY 2021/22 grew by +3.2%1 on previous year to €21.8 bn and exceed FY guidance; robust development well supported by strong growth in Services & Solutions business. Q4 2021/22 sales rose by +3.6%1 vs. previous yea...
CECONOMY AG
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26 October 2022 07:00AM
CECONOMY AG: FY 2021/22 - Sales above previous year, adjusted EBIT in the upper range of the guidance
DE0007257503
FY 2021/22: Sales above previous year, adjusted EBIT in the upper range of the Guidance Düsseldorf, 26 October 2022 Total sales in FY 2021/22 grew by +3.2%1 on previous year to €21.8 bn and exceed FY guidance; robust development well supported by strong growth in Services & Solutions business. Q4 2021/22 sales rose by +3.6%1 vs. previous yea...
CECONOMY AG
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21 July 2022 05:59PM
CECONOMY AG: CECONOMY AG updates outlook for the financial year 2021/22
DE0007257503
CECONOMY AG updates outlook for the financial year 2021/22 Dusseldorf, 21 July 2022 - In view of significantly changed economic conditions, CECONOMY AG (CECONOMY) is adjusting its guidance for the financial year 2021/22. CECONOMY now expects total sales adjusted for exchange rate effects on previous year's level (2020/21: €21.4 billion); previou...
CECONOMY AG
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21 July 2022 05:59PM
CECONOMY AG updates outlook for the financial year 2021/22
DE0007257503
CECONOMY AG updates outlook for the financial year 2021/22 Dusseldorf, 21 July 2022 - In view of significantly changed economic conditions, CECONOMY AG (CECONOMY) is adjusting its guidance for the financial year 2021/22. CECONOMY now expects total sales adjusted for exchange rate effects on previous year's level (2020/21: €21.4 billion); previou...
CECONOMY AG
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17 May 2022 08:40AM
CECONOMY AG: Closing of transaction with Convergenta expected for early June 2022
DE0007257503
CECONOMY expects closing of transaction with Convergenta already at the beginning of June 2022 Resolutions of the Extraordinary General Meeting and the separate meeting of the holders of preference shares on 12 April 2022 are unchallengeable. CECONOMY will become sole shareholder of MediaMarktSaturn - Convergenta will in turn become anchor shareh...
CECONOMY AG
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12 April 2022 05:14PM
CECONOMY AG: EGM paves the way for successful further development
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Extraordinary General Meeting paves the way for successful further development of CECONOMY and MediaMarktSaturn / Simplified shareholder structure offers many advantages - 98.29% approval for capital measures for the acquisition of Convergenta's minority stake in MediaMarktSaturn by CECONOMY - CECONOMY to become sole shareholder of MediaMarktSatu...
CECONOMY AG
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05 November 2021 05:07PM
CECONOMY AG: Renewed resolution of a General Meeting regarding the transaction with Convergenta Invest GmbH and proposed dividend distribution in the amount of approximately EUR 63 million
DE0007257503
The Dusseldorf Higher Regional Court on July 8, 2021 expressed its preliminary legal views in the clearance proceedings regarding agenda item 8 of the Annual General Meeting of CECONOMY AG on February 17, 2021. The resolution of the General Meeting under agenda item 8 served to implement the acquisition, transfer and contribution of the stake in Me...
CECONOMY AG
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11 August 2021 05:35PM
CECONOMY AG updates outlook for financial year 2020/21
DE0007257503
Almost the entire current financial year 2020/21 of CECONOMY AG ("CECONOMY") was impacted by the COVID-19 pandemic. Prolonged temporary store closures and further restrictions in brick-and-mortar retail led to a significant impact on the business, particularly in the core market Germany: here, stores were not able to fully reopen until June 2021 - ...
CECONOMY AG
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30 July 2021 04:00PM
CECONOMY AG settles post-pandemic financing structure: Existing KfW syndicated loan agreement replaced by ESG-linked syndicated credit facilities
DE0007257503
CECONOMY AG settles post-pandemic financing structure: Existing KfW syndicated loan agreement replaced by ESG-linked syndicated credit facilities Düsseldorf, 30 July 2021 - CECONOMY AG ("CECONOMY") has settled its post-pandemic financing structure with the termination of its syndicated revolving loan agreement with the participation of KfW and im...
CECONOMY AG
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19 July 2021 08:01AM
CECONOMY with strong trading in countries less affected by COVID-19 in the third quarter - German business marked by long lockdown and restrictions
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CECONOMY WITH STRONG TRADING IN COUNTRIES LESS AFFECTED BY COVID-19 IN THE THIRD QUARTER - GERMAN BUSINESS MARKED BY LONG LOCKDOWN AND RESTRICTIONS Düsseldorf, 19 July 2021   - Strong trading continued in all countries less affected by COVID-19 restrictions, thanks to continued high customer demand for Consumer Electronics - German in-store sa...
CECONOMY AG
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15 July 2021 09:59PM
CECONOMY AG: Renewed resolution of a General Meeting regarding the transaction with Convergenta Invest GmbH possible
DE0007257503
The Düsseldorf Higher Regional Court on July 8, 2021 expressed its preliminary legal views in the clearance proceedings regarding agenda item 8 of the Annual General Meeting of CECONOMY AG on February 17, 2021. The resolution of the General Meeting under agenda item 8 served to implement the acquisition, transfer and contribution of the stake in Me...
CECONOMY AG
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08 July 2021 08:24PM
CECONOMY AG: Delay of the transaction with Convergenta Invest GmbH
DE0007257503
The Düsseldorf Higher Regional Court today expressed its preliminary legal views in the clearance proceedings regarding agenda item 8 of the Annual General Meeting of CECONOMY AG on February 17, 2021. The subject of agenda item 8 was the adoption of a resolution on (i) the increase of the CECONOMY AG share capital though a mixed contribution in kin...
CECONOMY AG
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18 June 2021 05:52PM
CECONOMY AG further enhances post-pandemic financing structure with €500 million 5-year senior unsecured bond
DE0007257503
NOT FOR DISTRIBUTION, PUBLICATION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR OTHER COUNTRIES WHERE SUCH DISTRIBUTION OR PUBLICATION MAY BE UNLAWFUL. CECONOMY AG further enhances post-pandemic financing structure with €500 million 5-year senior unsecured bond Düsseldorf, 18 June 20...
CECONOMY AG
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10 June 2021 03:20PM
CECONOMY AG: Commitment for more sustainability: CECONOMY joins the 'Green Consumption Pledge Initiative' of the European Commission
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Commitment for more sustainability: CECONOMY joins the "Green Consumption Pledge Initiative" of the European Commission The parent company of MediaMarkt and Saturn is one of the first European retail companies to join the voluntary initiative launched as part of the European Climate Pact CECONOMY makes a binding commitment to a better carbon foo...
CECONOMY AG
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10 May 2021 06:20PM
CECONOMY AG: Supervisory Board of CECONOMY AG appoints Dr Karsten Wildberger as new Chief Executive Officer
DE0007257503
CECONOMY AG: Supervisory Board of CECONOMY AG appoints Dr Karsten Wildberger as new Chief Executive Officer At its meeting today, the Supervisory Board of CECONOMY AG (CECONOMY) appointed Dr Karsten Wildberger with effect from August 1, 2021 as a member of the Management Board and also appointed him as new Chief Executive Officer (CEO) and Labour D...
CECONOMY AG
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06 May 2021 05:31PM
CECONOMY AG lays the foundation of its post-pandemic financing structure with new €1 billion ESG-linked syndicated revolving credit facilities
DE0007257503
CECONOMY AG lays the foundation of its post-pandemic financing structure with new €1 billion ESG-linked syndicated revolving credit facilities Düsseldorf, 6 May 2021 - Today CECONOMY AG ("CECONOMY") has successfully signed new ESG-linked syndicated revolving credit facilities of €1.06 billion with a consortium of its 13 partner banks. The new synd...
CECONOMY AG
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19 April 2021 06:30PM
CECONOMY AG: MediaMarktSaturn CFO Florian Wieser becomes new CFO of the CECONOMY Group
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MediaMarktSaturn CFO Florian Wieser becomes new CFO of the CECONOMY Group - Florian Wieser, CFO of MediaMarktSaturn Retail Group, to serve as CECONOMY Group CFO as of 1 May 2021 - CECONOMY CFO Karin Sonnenmoser is leaving the company by mutual agreement on 30 April 2021 - Thomas Dannenfeldt, Chairman of the Supervisory Board: "The roll-up of Fl...
CECONOMY AG
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19 January 2021 09:33PM
CECONOMY AG with strong quarterly results - Outlook for 2020/21, however, subject to significantly increased uncertainties due to prolonged temporary store closures as a result of COVID-19
DE0007257503
Preliminary business development in the first quarter of 2020/21 CECONOMY AG ("CECONOMY") has closed the first quarter of the new financial year 2020/21 with a strong sales and earnings performance despite numerous COVID-19-related restrictions in stationary retail and local lockdowns in a number of countries. Based on preliminary figures, CECONOMY...
CECONOMY AG
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14 December 2020 07:05PM
CECONOMY AG concludes an agreement with Convergenta Invest GmbH on the acquisition of the MediaMarktSaturn minority stake and reorganization of the shareholder structure under implementation of capital measures
DE0007257503
The Management Board of CECONOMY AG ("CECONOMY") today concluded, with the approval of the Supervisory Board, an agreement with Convergenta Invest GmbH ("Convergenta"), the investment company of the Kellerhals family, regarding the acquisition of the minority stake of 21.62% in Media-Saturn-Holding GmbH ("MediaMarktSaturn") held by Convergenta. The...
CECONOMY AG
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26 November 2020 08:57AM
Supervisory Board of CECONOMY AG proposes Thomas Dannenfeldt as new Chairman of the Supervisory Board
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Supervisory Board of CECONOMY AG proposes Thomas Dannenfeldt as new Chairman of the Supervisory Board - Jürgen Fitschen retires after 13 years - Thomas Dannenfeldt to be proposed as candidate for the election of the Supervisory Board at the next Annual General Meeting Düsseldorf, 26 November 2020 - The Supervisory Board of CECONOMY AG ("CECONOMY"...
CECONOMY AG
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11 November 2020 05:48PM
CECONOMY COVID-19 Business Update - Vast majority of MediaMarkt and Saturn stores remain open
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COVID-19 BUSINESS UPDATE - VAST MAJORITY OF MEDIAMARKT AND SATURN STORES REMAIN OPEN Düsseldorf, 11 November 2020 Vast majority (92%) of MediaMarkt and Saturn stores remain open as of today Excellent sales development in October, which noticeably accelerated compared to Q4, also supported by successful pre-season campaigns and strong online act...
CECONOMY AG
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23 October 2020 07:09AM
CECONOMY AG: Strong finish to the financial year: CECONOMY with continued good topline momentum and better than expected results in the fourth quarter
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STRONG FINISH TO THE FINANCIAL YEAR: CECONOMY WITH CONTINUED GOOD TOPLINE MOMENTUM AND BETTER THAN EXPECTED RESULTS IN THE FOURTH QUARTER Düsseldorf, 23 October 2020   - Strong salesperformance continued in Q4 (+10%1,3), especially thanks to sustained demand for work-from-home equipment and home appliances as well as successful online activities...
CECONOMY AG
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12 October 2020 05:03PM
CECONOMY AG: Earnings for financial year 2019/20 well above guidance and market expectations
DE0007257503
CECONOMY AG: Earnings for financial year 2019/20 well above guidance and market expectations   Based on preliminary figures, CECONOMY AG ("CECONOMY") expects adjusted Group EBIT* for the past financial year 2019/20 to be well above the guidance range as well as market expectations. This is mainly due to a better-than-expected sales performance in t...
CECONOMY AG
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16 September 2020 08:50PM
CECONOMY AG: Supervisory Board of CECONOMY AG appoints Dr Bernhard Düttmann for further twelve months as Chairman of the Management Board
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At its meeting today, the Supervisory Board of CECONOMY AG ("CECONOMY") appointed Dr Bernhard Düttmann as Chairman of the Management Board (CEO) for a period of further twelve months. In October 2019, Dr Bernhard Düttmann was appointed CEO of CECONOMY as a member of the Supervisory Board, initially on an interim basis for a period of twelve months....
CECONOMY AG
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12 August 2020 06:45PM
CECONOMY and MediaMarktSaturn create organizational basis to accelerate the transformation process
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Harmonization of structures in the countries and introduction of a standardized organization in all of the approximately 1,000 stores Further improvement of the shopping experience through customer-oriented reorganization and centralization of administrative tasks No impact on the outlook for fiscal year 2019/20 Düsseldorf/Ingolstadt, 12 August ...
CECONOMY AG
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05 August 2020 12:22PM
CECONOMY AG: CECONOMY AG confirms to evaluate the introduction of a group-wide standardized organizational structure
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CECONOMY AG ("CECONOMY") confirms to evaluate the introduction of a group-wide standardized organizational structure ("Operating Model"), in order to lay important structural foundations for its ongoing strategic transformation and at the same time take into account the progressing centralization of the company. In particular, the focus is on a pos...
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More CECONOMY AG related information
Type Total Last Made by Go to
Corporate Research 0 - - Corporate Research
Directors Dealings 23 16th August 2024 Deissner, Dr. Kai-Ulrich DD
Short Seller (DE) 31 3rd January 2023 Voleon Capital Management LP SSR (DE)
Short Seller (UK) 0 - - SSR (UK)
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