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Ceconomy AG (CECG.DE)

CECG.DE on Xetra

8.51EUR
25 May 2018
Change (% chg)

€-0.08 (-0.98%)
Prev Close
€8.60
Open
€8.59
Day's High
€8.65
Day's Low
€8.36
Volume
1,579,166
Avg. Vol
1,207,184
52-wk High
€30.76
52-wk Low
€8.31

Latest Key Developments (Source: Significant Developments)

Ceconomy Says Decision On Potential Transaction Of Russian Retail Business Not Made Yet
Friday, 13 Apr 2018 08:35am EDT 

April 13 (Reuters) - CECONOMY AG ::COMMENTS ON RUMOR CONCERNING POTENTIAL TRANSACTION OF RUSSIAN RETAIL BUSINESS.MEDIA-SATURN-HOLDING GMBH CURRENTLY IN DISCUSSIONS WITH M.VIDEO ABOUT A POTENTIAL DISPOSAL OF RUSSIAN RETAIL BUSINESS OF MEDIA-SATURN-GROUP.DECISION IF TRANSACTION WILL BE PURSUED HAS NOT YET BEEN MADE.IF AND TO WHICH CONDITIONS TRANSACTION WILL BE SIGNED IS UNCERTAIN AT THIS POINT IN TIME.CONCURRENT ACQUISITION OF MINORITY STAKE IN M.VIDEO BY A MEDIA-SATURN-GROUP COMPANY IS ALSO IN DISCUSSION.  Full Article

Ceconomy CEO says believes can recover quickly in Italy
Tuesday, 19 Dec 2017 06:10am EST 

Dec 19 (Reuters) - Ceconomy Ag ::CECONOMY CEO SAYS BELIEVES CAN RECOVER VERY QUICKLY IN ITALY AFTER NEW MANAGEMENT INSTALLED.CECONOMY CEO SAYS AFTER TAKING STAKE IN FNAC DARTY, IS A GREAT POSITION TO LOOK AT FURTHER CONSOLIDATION OPPORTUNITIES IN EUROPE.CECONOMY CEO SAYS TAKES GERMAN INVESTIGATIONS VERY SERIOUSLY, BELIEVES COMMUNICATION ON DEMERGER WAS IN LINE WITH LAW.CECONOMY SAYS ANNUAL ACCOUNTS OF MEDIA-SATURN NOT YET FINALISED, DIVIDEND AUTOMATICALLY PAID WHEN FINAL.CECONOMY SAYS WILL LEAVE RUSSIA AND SWEDEN IF CANNOT TAKE LEADING POSITION THERE.  Full Article

Ceconomy affirms FY guidance after Q3 results
Thursday, 31 Aug 2017 12:35am EDT 

Aug 31 (Reuters) - Ceconomy :Says Q3 sales up 1.1 percent to 4.74 billion euros, helped by strong online now at 10.6 percent of sales.Says Q3 EBIT loss before special items of 61 million versus loss of 83 million a year ago.Says reiterates expects slight increase in total sales and like-for-like sales for full year.Says Q3 services sales up 2 percent to 306 million euros or 6.5 percent of total media markt/saturn sales.Says reiterates sees FY EBIT before special items up slightly compared with 466 million for 2015/16.  Full Article

Media-Saturn-Holding GmbH files lawsuit against Toshiba unit
Thursday, 24 Aug 2017 03:50am EDT 

Aug 24 (Reuters) - Toshiba Corp <6502.T>:Says Media-Saturn-Holding GmbH filed a lawsuit against co's Germany-based unit regarding Braun tube product dispute and claimed compensation.  Full Article

Ceconomy to drive consolidation in consumer electronics
Wednesday, 12 Jul 2017 07:04am EDT 

July 12 (Reuters) - Metro Ag :Ceconomy CFO says Ceconomy will drive consolidation in European market.Ceconomy CEO says Media-Saturn founder will have less of a role in future of Ceconomy as stake so small.Ceconomy CEO says no concrete plans yet for possible acquisition targets.  Full Article

Convergenta says will actively defend rights in new Metro and Ceconomy structure
Wednesday, 12 Jul 2017 06:33am EDT 

July 12 (Reuters) - :Convergenta, investment firm of media saturn founder kellerhals says will actively defend rights in new metro and ceconomy structure.  Full Article

BaFin approves new exchange listing for German retailer Metro
Monday, 26 Jun 2017 09:07am EDT 

June 26 (Reuters) - Metro AG :Federal financial supervisory authority (BaFin) has approved stock exchange listing for Metro Wholesale & Food Specialist AG.  Full Article

Metro to acquire a minority stake in Planday
Wednesday, 21 Jun 2017 07:58am EDT 

June 21 (Reuters) - METRO AG ::HAS COMMITTED TO ACQUIRE A MINORITY STAKE IN PLANDAY, A WORKFORCE MANAGEMENT SOLUTION PROVIDER THAT ENABLES BUSINESS OWNERS TO TAKE EMPLOYEE SCHEDULING FROM PEN AND PAPER TO A STREAMLINED, DIGITAL PROCESS.TO STRENGTHEN TIES BETWEEN THE TWO BUSINESSES, METRO HAS INVESTED INTO PLANDAY AND PATRICK FLESNER WILL BE JOINING THE PLANDAY BOARD.  Full Article

Metro says expects Duesseldorf court to rule in favour of spin off
Wednesday, 31 May 2017 02:27am EDT 

May 31 (Reuters) - METRO :Says expects Duesseldorf court to rule in favour of spin off of business.  Full Article

Metro expects solid Russia business in coming quarters - conf call
Friday, 3 Feb 2017 03:49am EST 

Metro AG : Expects solid Russia business in the coming quarters - conference call . Wants to expand in market in Myanmar - conf call Further company coverage: [MEOG.DE] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 722 0920;)).  Full Article

U.S. tech giants' advance drives Germany's Ceconomy to consolidation

BERLIN German retailer Ceconomy said on Thursday it will keep pushing for consolidation opportunities in European consumer electronics as it seeks to cope with the advance of big rivals like Amazon , as well as suppliers like Apple .