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Ceconomy AG (CECG.DE)

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Thu, May 17 2018

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 .

UPDATE 2-U.S. tech giants' advance drives Germany's Ceconomy to consolidation

* Affirms 2017/18 guidance (Adds details from conference call)

Ceconomy sales disappoint after tax campaign ended

BERLIN, May 17 Europe's biggest consumer electronics retailer Ceconomy reported a slight decline in sales for its fiscal second quarter on Thursday after it decided not to repeat a tax refund campaign, while cost cuts helped boost operating profit.

UPDATE 2-MediaMarktSaturn in talks over Russian business options

* Ceconomy in talks to sell MediaSaturn to Russian peer M.video

BRIEF-Ceconomy Says Decision On Potential Transaction Of Russian Retail Business Not Made Yet

* COMMENTS ON RUMOR CONCERNING POTENTIAL TRANSACTION OF RUSSIAN RETAIL BUSINESS

Ceconomy could increase Fnac Darty stake-Haniel CEO

DUESSELDORF, April 11 The chief executive of German investment group Haniel, the biggest shareholder in consumer electronics group Ceconomy, said on Wednesday he could imagine the company increasing its stake in French rival Fnac Darty.

Ceconomy seeks deal with heirs of Media Markt founder

DUESSELDORF Germany's Ceconomy , Europe's biggest consumer electronics group, is making a big push to try to resolve a long-running dispute with a major shareholder, its chief executive said on Wednesday.

REFILE-UPDATE 1-Ceconomy seeks deal with heirs of Media Markt founder

DUESSELDORF, Feb 14 Germany's Ceconomy , Europe's biggest consumer electronics group, is making a big push to try to resolve a long-running dispute with a major shareholder, its chief executive said on Wednesday.

UPDATE 1-Germany's Ceconomy to stick with Black Friday despite Q1 hit -CEO

* Shares slide to bottom of MDAX (Recasts with CEO comments, adds analyst comment, share price)

Ceconomy CEO sees no reason to change strategy on Fnac Darty stake

FRANKFURT, Feb 9 Ceconomy has no plans to raise its holding in France's Fnac Darty after shareholder Knight Vinke sold its stake in the French company to insurance broker SFAM, Ceconomy's chief executive said on Friday.

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