Ceconomy AG
MTTRY
Other OTC0.68
USD
+0.01
- -
ISIN
US1500421094
CUSIP
150042109
Return %
Stock
S&P500
1Y
13.33
26.57
3Y
61.90
76.60
5Y
-31.31
78.48
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Kai-Ulrich Deissner
- Full Time Employees
- 40,990
- Sector
- Consumer Cyclical
- Industry
- Specialty Retail
- Address
- Kaistrasse 3 Düsseldorf Germany 40221
- IPO Date
- Jan 5, 2011
- Website
- ceconomy.de
- Similar Companies
- Business
- Ceconomy AG Ceconomy AG operates as Europe's leading omnichannel retailer of consumer electronics and related services, headquartered in Düsseldorf, Germany, with roots tracing back to the Metro Group demerger in 2017. The company manages over 1,000 stores across 11 European countries, including Germany, Austria, Switzerland, Hungary, and others in Western, Southern, and Eastern Europe, serving individual consumers through physical outlets, online platforms, and hybrid channels that account for approximately 24% of sales. Its core brands—MediaMarkt, Saturn, and MediaWorld—offer a comprehensive range of products such as televisions, personal computers, tablets, smartphones, gaming consoles, computer games, music players, household appliances, small kitchen appliances, outdoor equipment, drones, and navigation devices; additionally, services encompass professional installation, connection, troubleshooting, pre-purchase advice, remote maintenance, music streaming via Juke, live-shopping on iBood, device trade-ins through Flip4New, and local commerce via platforms like redcoon.de. Subsidiary Deutsche Technikberatung provides specialized on-site and remote technical support for electronic devices. In July 2025, Ceconomy AG enters into a transformative investment agreement with JD.com, under which JD.com launches a voluntary public takeover offer at €4.60 per share valuing the company at approximately €4.0 billion enterprise value, securing commitments from anchor shareholders like Haniel, Beisheim, Freenet, and Convergenta for about 32% of shares while Convergenta retains around 25.4%; the boards unanimously support the partnership to enhance financial flexibility, leverage JD.com's technology, logistics, and omnichannel expertise, accelerate the Experience Electronics strategy targeting €500 million EBIT and €200 million free cash flow annually, and maintain operational independence without workforce reductions, site closures, or domination agreements for at least three years. Recent developments include ten consecutive quarters of sales growth to €23.1 billion in FY 2024/25 (+5.7% year-over-year), a 47% EBIT increase since FY 2021/22, an updated positive outlook, a new €900 million sustainable credit line, top CDP climate rating, and CFO Kai-Ulrich Deissner assuming interim CEO duties amid leadership transitions.
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