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Ceconomy AG (CECG.DE)

CECG.DE on Xetra

5.58EUR
19 Jul 2019
Change (% chg)

€0.08 (+1.53%)
Prev Close
€5.50
Open
€5.47
Day's High
€5.60
Day's Low
€5.46
Volume
677,645
Avg. Vol
826,245
52-wk High
€7.36
52-wk Low
€2.92

Latest Key Developments (Source: Significant Developments)

Ceconomy Creates New Entity In Greece, Sees Positive EBIT Effect
Tuesday, 2 Jul 2019 08:43am EDT 

July 2 (Reuters) - Ceconomy AG ::FOUNDATION OF A NEW ENTITY IN GREECE TOGETHER WITH INVESTMENT COMPANY OLYMPIA GROUP; MEDIAMARKTSATURN TO HOLD 25%, OLYMPIA GROUP TO TAKE OVER 75% OF THE NEW ENTITY.BOTH ORGANIZATIONS ARE CONTRIBUTING THE OPERATING COMPANIES MEDIAMARKT GREECE AND THE CONSUMER ELECTRONICS AND ENTERTAINMENT RETAILER PUBLIC IN GREECE AND CYPRUS TO THE NEW COMPANY.THE STORES OF THE TWO COMPANIES WILL CONTINUE TO OPERATE UNDER THEIR RESPECTIVE BRAND NAMES.CECONOMY SAYS TRANSACTION IS EXPECTED TO LEAD TO A POSITIVE EBIT EFFECT BETWEEN EUR 20 MILLION AND EUR 35 MILLION IN 2019/20.  Full Article

Ceconomy Announces Reorganization And Efficiency Program
Monday, 29 Apr 2019 12:31pm EDT 

April 29 (Reuters) - Ceconomy AG ::CECONOMY RESOLVES ON REORGANIZATION AND EFFICIENCY PROGRAM.OPTIMIZATION AND RESTRUCTURING PARTICULARLY FOCUSES ON CENTRAL FUNCTIONS AND ADMINISTRATIVE UNITS IN GERMANY.PROGRAM ALSO INCLUDES REVIEWING BUSINESS ACTIVITIES OF SMALLER PORTFOLIO COMPANIES.CECONOMY EXPECTS EXPENSES OF AROUND EUR150 MILLION TO EUR170 MILLION IN FINANCIAL YEAR 2018/19 IN TOTAL.EXPECTED SUSTAINABLE ANNUAL SAVINGS RUN-RATE AMOUNTS TO BETWEEN EUR110 MILLION AND EUR130 MILLION.OUTLOOK FOR FINANCIAL YEAR 2018/19, WHICH IS ADJUSTED FOR PORTFOLIO CHANGES AS WELL AS EXPENSES FOR MANAGEMENT CHANGES AND RESTRUCTURING, REMAINS UNAFFECTED.  Full Article

Fnac Darty: Successful Refinancing Of EUR 650 Million Senior Notes
Thursday, 25 Apr 2019 11:57am EDT 

April 25 (Reuters) - Fnac Daty SA ::REG-FNAC DARTY: SUCCESSFUL REFINANCING OF €650 MILLION SENIOR NOTES.  Full Article

Fnac Darty Q1 Revenue EUR ‍​1.72 Billion, Up 1.7 Percent
Thursday, 18 Apr 2019 11:45am EDT 

April 18 (Reuters) - FNAC DARTY SA ::Q1 REVENUE EUR ‍​1.72 BILLION, UP 1.7 PERCENT VERSUS YEAR AGO.SEES PERFORMANCE ABOVE MARKET LEVEL IN 2019.CONFIRMS MID-TERM OBJECTIVES, SEES GROWTH ABOVE MARKET LEVEL AND RECURRING OPERATING MARGIN BETWEEN 4.5 PERCENT AND 5 PERCENT.  Full Article

Sabanci Holding Says Negotiations With Ceconomy For Evaluation Of Strategic Options Related With Teknosa Were Interrupted On Oct 13
Thursday, 20 Dec 2018 01:21am EST 

Dec 20 (Reuters) - SABANCI HOLDING ::NEGOTIATIONS WITH CECONOMY FOR EVALUATION OF STRATEGIC OPTIONS RELATED WITH UNIT TEKNOSA WERE INTERRUPTED ON 13 OCT 2018.  Full Article

Ceconomy executive says cautious about Christmas trading
Wednesday, 19 Dec 2018 02:59am EST 

Dec 19 (Reuters) - Ceconomy AG ::CECONOMY CFO SAYS NEEDS MORE TIME TO ACHIEVE MID-TERM MARGIN TARGET VERSUS 3-5 YEAR HORIZON SET LAST YEAR.CECONOMY EXECUTIVE SAYS BLACK FRIDAY SALES WENT BETTER THAN LAST YEAR BUT CAUTIOUS ABOUT CHRISTMAS TRADING.CECONOMY EXECUTIVE SAYS IT WILL TAKE MORE THAN A YEAR TO CENTRALISE CATEGORY MANAGEMENT AND SUPPLY CHAIN.CECONOMY CFO SAYS EXPECTS TO SET OUT RESTRUCTURING PLAN, ESPECIALLY FOR GERMANY, IN NEXT COUPLE OF MONTHS.  Full Article

Ceconomy Says Supervisory Board And CEO Haas Mutually Agreed To Separate
Friday, 12 Oct 2018 09:09pm EDT 

Oct 12 (Reuters) - Ceconomy AG ::DGAP-ADHOC: CECONOMY AG: PERSONNEL CHANGES AT CECONOMY AG'S MANAGEMENT BOARD.SUPERVISORY BOARD AND PIETER HAAS, CHIEF EXECUTIVE OFFICER (CEO), HAVE MUTUALLY AGREED TO SEPARATE WITH IMMEDIATE EFFECT.CECONOMY -UNTIL APPOINTMENT OF CEO, MARK FRESE, CFO, AND DIETER HAAG MOLKENTELLER, MEMBER OF MANAGEMENT BOARD, ASSUME HAAS' TASKS ON AN INTERIM BASIS.BOARD DECIDED THAT FERRAN REVERTER PLANET COO OF MSH SHALL ASSUME PIETER HAAS' MANDATE AS CECONOMY'S UNILATERALLY APPOINTED MD OF MSH.  Full Article

Fnac Darty agrees to buy majority stake in smartphone repair firm WeFix
Thursday, 20 Sep 2018 01:30am EDT 

Sept 20 (Reuters) - Fnac Darty Sa ::Fnac Darty announced it is in the advanced stages of exclusive negotiations to acquire a majority interest in WeFix, the French leader in express smartphone repairs.Founded in 2012, WeFix has a network of 59 points of sales in France and Belgium, with a team of experts repairing the main models of smartphones in 20 minutes on average.  Full Article

Sale of Fnac Darty's Darty Passy and Darty Montmartre stores authorised
Monday, 6 Aug 2018 04:23am EDT 

Aug 6 (Reuters) - Fnac Darty ::* Sale of Darty Passy and Darty Montmartre stores to the "Boulanger" company authorised by French competition regulatory body.  Full Article

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

Haniel: We intend to keep our stake in Ceconomy

BERLIN, April 10 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.