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Ceconomy Says October Sales Momentum Continued In November
Ceconomy Q4 Adjusted EBIT Excluding. Associates At Around EUR 120 Mln
Ceconomy Sees FY Earnings Well Above Guidance And Market Expectations
Ceconomy AG is a Germany-based company primarily engaged in consumer electronics retail. The Company operates a number of brands, including MediaMarkt, Saturn, RMG, Deutsche Technikberatung and JUKE!, among others. Under the MediaMarkt and Saturn brand names, the Company operates retail chains selling television sets, personal computers and tablets, smartphones, consoles and computer games, music players, household appliances, small kitchen appliances, outdoor equipment, drones and navigation devices, among others. Retail Media Group (RMG) develops customized online advertising campaigns on the basis of anonymous visitor and purchasing data. Deutsche Technikberatung provides professional assistance with installing, connecting and troubleshooting electronic devices. Under the JUKE! brand name, the Company operates a digital platform, which publishes songs, films, games and e-books. The Company is active throughout Europe.
Independent Chairman of the Supervisory Board
Chairman of the Management Board, Chief Executive Officer
Vice Chairman of the Supervisory Board, Employee Representative
Chief Financial Officer, Member of the Management Board
Independent Member of the Supervisory Board
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Europe's biggest consumer electronics chain, Ceconomy, is looking for a successor for interim Chief Executive Bernhard Duettmann whose contract, due to expire in October, has not yet been extended, four sources with knowledge of the matter said.
Ceconomy AG <CECG.DE> has secured a government-backed loan of 1.7 billion euros ($1.85 billion) to mitigate the impact of the coronavirus on its business following forced shop closures, the German consumer electronics retailer said on Wednesday.
German electronics retailer Ceconomy <CECG.DE> said it will apply for state-backed loans, suspend rental payments, and put employees on short-time working after the corona pandemic pushed it into an operating loss in the fiscal second quarter.
German electronics retailer Ceconomy said measures to contain the coronavirus have hit its business, resulting the company posting an operating loss in its fiscal second quarter.
German electronics retailer Ceconomy is applying for state financing to mitigate the impact of the coronavirus on its business following forced shop closures.
* POSTPONES CAPITAL MARKET DAYS DUE TO CORONAVIRUS Source text: https://bit.ly/2vLoAi8 Further company coverage: (Gdansk Newsroom)
* IN THE FIRST TWO MONTHS OF 2020, OUR GROUP SALES AND OUR OVERALL BUSINESS PERFORMED POSITIVELY
The supervisory board of the struggling German consumer electronics chain Ceconomy AG ousted its chief executive officer on Thursday and named an interim leader.
The future of the chief executive of German consumer electronics chain Ceconomy remains unclear, with a supervisory board committee making no recommendation on his tenure ahead of a key meeting, people familiar with the matter told Reuters.
The chief executive of struggling German consumer electronics chain Ceconomy <CECG.DE> is set to be removed after only a few months in the job due to an internal power struggle, sources close to the company said on Wednesday.
Germany's Ceconomy <CECG.DE>, Europe’s biggest consumer electronics group, is in talks to resolve a long-running dispute with a major shareholder of subsidiary Media Saturn, people close to the matter said on Monday.
German family-owned investment group Haniel on Wednesday said reducing its stake in Metro didn't mean the company intended to divest its stake in electronics retailer Ceconomy, which split from Metro in 2017.
German consumer electronics retailer Ceconomy, which split from Metro in 2017, will cut its stake in the wholesaler to up to 1 percent this year, its finance chief said on Wednesday.
* Online sales up 28 pct to break 1 bln euro mark (Adds quotes from CFO, shares, analyst, details)
Ceconomy, Europe's biggest consumer electronics retailer, maintained its profit guidance for its fiscal year on Friday after its first-quarter sales beat expectations boosted by the Black Friday discount sales.
Ceconomy, Europe's biggest consumer electronics retailer, has appointed a new chief executive and finance chief to replace managers the supervisory board announced in October it was removing after a profit warning dented investor confidence.
Ceconomy, Europe's biggest consumer electronics retailer, on Friday said it was delaying plans to form an extensive business alliance with French peer Fnac Darty, in which it owns a 24 percent stake.
Ceconomy, Europe's biggest consumer electronics retailer, still sees its 24 percent stake in France's Fnac Darty as essential to its desire for more consolidation in the sector even if it has no imminent plans for buys.
* Shares drop to record low (Adds executive comments, analyst)
Ceconomy, Europe's biggest consumer electronics retailer, said it expects profits to fall again in the 2018/19 financial year as it tries to streamline its operations and find new top management in a challenging retail environment.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.