CECONOMY AG
4.41
EUR
-0.01
(-0.23%)
ISIN
DE0007257503
Return %
Stock
S&P 500
1Y
0.57
14.20
3Y
128.59
81.12
5Y
14.00
68.34
Capital Structure
EUR
•
in mil. unless spec.Working Capital
EUR
•
in mil. unless spec.Growth Rates
EUR
•
in mil. unless spec.Quarterly Revenue
EUR
•
in mil. unless spec.Quarterly Earnings Per Share
EUR
•
in mil. unless spec.Quarterly Dividends Per Share
EUR
•
in mil. unless spec.Company Description
- CEO
- Remko Rijnders
- Full Time Employees
- 40,990
- Sector
- Retail trade
- Industry
- Department stores
- Address
- Kaistrasse 3 Dusseldorf NW Germany 40221
- IPO Date
- Jul 25, 1996
- Website
- ceconomy.de
- Similar Companies
- Business
- Ceconomy AG operates as Europe's leading omnichannel retailer of consumer electronics, providing multichannel sales through physical stores, online platforms, and integrated services across more than 1,000 locations in 11 countries including Germany, Austria, Switzerland, Hungary, Belgium, Italy, Luxembourg, the Netherlands, Spain, Poland, and Turkey. The company offers core products and services encompassing consumer electronics retail under the MediaMarkt and Saturn brands; installation, connection, and troubleshooting services via Deutsche Technikberatung; online electronics sales through redcoon.de; music streaming with JUKE featuring songs, films, games, and e-books; live-shopping via iBOOD; consumer electronics trade-in with Flip4New; local commerce platform LocaFox; marketplace operations with significant gross merchandise value growth; retail media services; and services & solutions including operational support, with approximately 24% of sales generated online. Headquartered in Düsseldorf, Germany, Ceconomy traces its origins to the 2017 demerger from Metro AG, with MediaMarkt founded in 1979 and Saturn in 1961, and employs around 51,000 people while serving customers through segments in DACH, Western/Southern Europe, Eastern Europe, and others. Recent developments include a July 2025 strategic investment agreement and voluntary public takeover offer from JD.com at EUR 4.60 per share, aiming to create Europe's leading next-generation consumer electronics platform by leveraging JD.com's technology, omnichannel retail, logistics, and warehouse expertise, with irrevocable undertakings from major shareholders Haniel, freenet, and Beisheim Stiftung for 27.9% of shares; robust Q3 2024/25 financial performance with sales up 5.1% year-over-year (like-for-like 4.4%), gross margin expansion to 18.2%, adjusted EBIT improvement to -EUR 31 million, free cash flow surge of EUR 297 million in the quarter, online sales growth of 12.2%, Net Promoter Score at a record 63, and strong contributions from growth areas like services & solutions (up 9.8%), marketplace GMV (up 90%), and retail media; ongoing store network adjustments with 6 openings and 3 closures in Q3 to 1,063 stores; and application of IAS 29 hyperinflation accounting in Turkey.
Company News
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