Ankündigung • Jan 07
Ceconomy AG, Annual General Meeting, Feb 18, 2026 Ceconomy AG, Annual General Meeting, Feb 18, 2026, at 10:00 W. Europe Standard Time. Ankündigung • Oct 16
Ceconomy AG(XTRA:CEC) dropped from Germany SDAX (Total Return) Index Ceconomy AG has been dropped from the Germany Small DAX (Total Return) Index. Ankündigung • Jul 31
JD.com, Inc. (NasdaqGS:JD) proposed to acquire 74.65% stake in Ceconomy AG (XTRA:CEC) from Convergenta Invest GmbH, Haniel Finance Deutschland GmbH, Beisheim Holding GmbH, freenet AG (XTRA:FNTN), BC Equities GmbH & Co. KG and others for €1.7 billion. JD.com, Inc. (NasdaqGS:JD) proposed to acquire 74.65% stake in Ceconomy AG (XTRA:CEC) from Convergenta Invest GmbH, Haniel Finance Deutschland GmbH, Beisheim Holding GmbH, freenet AG (XTRA:FNTN), BC Equities GmbH & Co. KG and others for €1.7 billion on July 30, 2025. A cash consideration valued at €4.6 per share will be paid by JD.com, Inc. JD.com and CECONOMY’s founder family shareholder Convergenta Invest GmbH entered into a shareholder agreement, through Convergenta currently holds approximately 29.16% of the shares in CECONOMY. Convergenta has committed to tender 18.5 million shares, representing 3.81% stake into the offer, hence retaining a stake of around 25.35% in CECONOMY thereafter. The Bidder has also entered into agreements with Haniel Finance Deutschland GmbH, Beisheim Holding GmbH, BC Equities GmbH & Co. KG and freenet AG – who together hold approximately 27.9% irrevocably undertaken to accept offer. The aggregate shareholders have irrevocably undertaken to accept the Takeover Offer with respect to 31.7% of the CECONOMY Shares in total (including 3.81% from Convergenta), securing a total shareholding of 57.1% in combination with the retained stake of JD.com’s future partner Convergenta ahead of the launch of the Takeover Offer. Upon successful completion of the offer, JD.com intends to pursue a delisting of CECONOMY. As part of the transaction, CECONOMY will remain a stand-alone business in Europe with a local independent technology stack, and no changes are planned to the workforce, employee agreements and sites. JD.com and CECONOMY have also signed an investment agreement to drive CECONOMY as a stand-alone business and accelerate CECONOMY’s transformation into Europe’s omni-channel consumer electronics platform. JD.com, renowned for its customer experience and e-commerce logistics service standards, will contribute its advanced technology, omni-channel retail expertise, and logistics and warehouse capabilities to the partnership.
The transaction will be financed through a combination of acquisition loan and the Company’s cash on balance sheet.
The Takeover Offer will be subject to customary conditions, including, among others, merger control, foreign direct investment and foreign subsidies clearances. The Takeover Offer will not be subject to a minimum acceptance rate. The closing of the Takeover Offer is expected to take place in the first half of 2026. Subject to a careful review of the offer document in accordance with their legal obligations, CECONOMY’s Management Board and Supervisory Board intend to recommend to shareholders the acceptance of the offer proposed.
Lazard is acting as lead financial advisor to Ceconomy and J.P. Morgan is acting as financial advisor to the Supervisory Board of CECONOMY. Kirkland & Ellis is acting as legal advisor to CECONOMY. Deutsche Bank and Goldman Sachs are acting as financial advisors to JD.com and Baker McKenzie is acting as legal advisor to JD.com. Ankündigung • Feb 27
Ceconomy AG to Report Q4, 2025 Results on Dec 17, 2025 Ceconomy AG announced that they will report Q4, 2025 results on Dec 17, 2025 Ankündigung • Feb 12
Ceconomy AG to Report Q3, 2025 Results on Aug 12, 2025 Ceconomy AG announced that they will report Q3, 2025 results on Aug 12, 2025 Ankündigung • Jan 09
Ceconomy AG, Annual General Meeting, Feb 26, 2025 Ceconomy AG, Annual General Meeting, Feb 26, 2025, at 10:00 W. Europe Standard Time. Reported Earnings • Feb 11
First quarter 2024 earnings released: EPS: €0.30 (vs €0.26 in 1Q 2023) First quarter 2024 results: EPS: €0.30 (up from €0.26 in 1Q 2023). Revenue: €6.98b (down 1.2% from 1Q 2023). Net income: €147.0m (up 16% from 1Q 2023). Profit margin: 2.1% (up from 1.8% in 1Q 2023). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Reported Earnings • Dec 20
Full year 2023 earnings released: €0.08 loss per share (vs €0.31 profit in FY 2022) Full year 2023 results: €0.08 loss per share (down from €0.31 profit in FY 2022). Revenue: €22.2b (up 2.2% from FY 2022). Net loss: €39.0m (down 131% from profit in FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.5% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Ankündigung • Dec 13
Ceconomy AG to Report Fiscal Year 2024 Results on Dec 18, 2024 Ceconomy AG announced that they will report fiscal year 2024 results on Dec 18, 2024 Ankündigung • Aug 03
POWER International AS completed the acquisition of MediaMarkt stores in Sweden from Ceconomy AG. POWER International AS agreed to acquire MediaMarkt stores in Sweden from Ceconomy AG on February 14, 2023. As of April 4, 2023, Competition authorities approved this deal. Richard Åkerman, Peter Forsberg, Jenny Lundberg, Mikael Stabo and Anna Ribenfors of Hannes Snellman Attorneys Ltd acted as legal advisor to POWER International AS.
POWER International AS completed the acquisition of MediaMarkt stores in Sweden from Ceconomy AG on August 1, 2023. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €2.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.05 per share. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.65, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Specialty Retail industry in the United Kingdom. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.74 per share. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €2.04, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Specialty Retail industry in the United Kingdom. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.40 per share. Ankündigung • Feb 16
POWER International AS agreed to acquire MediaMarkt stores in Sweden from Ceconomy AG. POWER International AS agreed to acquire MediaMarkt stores in Sweden from Ceconomy AG on February 14, 2023. Reported Earnings • Feb 15
First quarter 2023 earnings released First quarter 2023 results: Revenue: €7.07b (up 3.1% from 1Q 2022). Net income: €127.0m (up 4.1% from 1Q 2022). Profit margin: 1.8% (in line with 1Q 2022). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Specialty Retail industry in the United Kingdom. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 24% share price gain to €2.15, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.99 per share. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 25% share price decline to €1.73, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.20 per share. Reported Earnings • Dec 21
Full year 2022 earnings released: EPS: €0.31 (vs €0.62 in FY 2021) Full year 2022 results: EPS: €0.31 (down from €0.62 in FY 2021). Revenue: €21.8b (up 1.9% from FY 2021). Net income: €126.0m (down 43% from FY 2021). Profit margin: 0.6% (down from 1.0% in FY 2021). Like-for-like sales growth: 3.5% vs FY 2021 Revenue is forecast to stay flat during the next 3 years compared to a 5.3% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Ankündigung • Dec 16
Ceconomy AG to Report Q1, 2023 Results on Feb 14, 2023 Ceconomy AG announced that they will report Q1, 2023 results on Feb 14, 2023 Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 58% share price gain to €2.05, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.44 per share. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment deteriorated over the past week After last week's 31% share price decline to €1.30, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 74% over the past three years. Reported Earnings • Aug 14
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €4.66b (up 5.7% from 3Q 2021). Net loss: €95.0m (loss widened 42% from 3Q 2021). Over the next year, revenue is forecast to stay flat compared to a 8.5% growth forecast for the industry in the United Kingdom. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorated over the past week After last week's 34% share price decline to €1.85, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 67% over the past three years. Upcoming Dividend • Feb 03
Upcoming dividend of €0.17 per share Eligible shareholders must have bought the stock before 10 February 2022. Payment date: 14 February 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of British dividend payers (4.2%). Higher than average of industry peers (1.8%). Reported Earnings • Dec 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.62 (up from €0.66 loss in FY 2020). Revenue: €21.4b (up 2.5% from FY 2020). Net income: €222.0m (up €459.0m from FY 2020). Profit margin: 1.0% (up from net loss in FY 2020). Like-for-like sales growth: 4.1% vs FY 2020 Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 10% growth forecast for the retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Aug 14
Third quarter 2021 earnings released The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: €4.41b (up 7.3% from 3Q 2020). Net loss: €67.0m (loss narrowed 36% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Executive Departure • Jul 01
Chief Executive Officer of Media-Saturn-Holding GmbH Ferran Planet has left the company On the 30th of June, Ferran Planet's tenure as Chief Executive Officer of Media-Saturn-Holding GmbH ended. We don't have any record of a personal shareholding under Ferran's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.67 years, which is considered inexperienced in the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €4.26, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 21x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 43% over the past three years. Reported Earnings • May 14
Second quarter 2021 earnings released: EPS €0.26 (vs €0.82 loss in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: €4.32b (down 6.7% from 2Q 2020). Net income: €94.0m (up €389.0m from 2Q 2020). Profit margin: 2.2% (up from net loss in 2Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 24
New 90-day high: €5.85 The company is up 43% from its price of €4.08 on 25 September 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.82 per share. Reported Earnings • Dec 17
Full year 2020 earnings released: €0.66 loss per share The company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: €20.8b (down 2.9% from FY 2019). Net loss: €237.0m (down 296% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 73% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Dec 17
Revenue beats expectations Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 1.3%, compared to a 4.3% growth forecast for the Specialty Retail industry in the United Kingdom. Is New 90 Day High Low • Dec 03
New 90-day high: €4.47 The company is up 16% from its price of €3.85 on 04 September 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.02 per share.