View ValuationCeconomy 향후 성장Future 기준 점검 4/6Ceconomy (는) 각각 연간 60.1% 및 2.4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 59.9% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 28.9% 로 예상됩니다.핵심 정보60.1%이익 성장률59.93%EPS 성장률Specialty Retail 이익 성장11.4%매출 성장률2.4%향후 자기자본이익률28.93%애널리스트 커버리지Low마지막 업데이트13 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • Jan 07Ceconomy AG, Annual General Meeting, Feb 18, 2026Ceconomy AG, Annual General Meeting, Feb 18, 2026, at 10:00 W. Europe Standard Time.공시 • Oct 16Ceconomy AG(XTRA:CEC) dropped from Germany SDAX (Total Return) IndexCeconomy AG has been dropped from the Germany Small DAX (Total Return) Index.공시 • Oct 10+ 3 more updatesCeconomy AG to Report Q1, 2026 Results on Feb 11, 2026Ceconomy AG announced that they will report Q1, 2026 results on Feb 11, 2026공시 • Jul 31JD.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.공시 • Feb 27Ceconomy AG to Report Q4, 2025 Results on Dec 17, 2025Ceconomy AG announced that they will report Q4, 2025 results on Dec 17, 2025공시 • Feb 12Ceconomy AG to Report Q3, 2025 Results on Aug 12, 2025Ceconomy AG announced that they will report Q3, 2025 results on Aug 12, 2025공시 • Jan 09Ceconomy AG, Annual General Meeting, Feb 26, 2025Ceconomy AG, Annual General Meeting, Feb 26, 2025, at 10:00 W. Europe Standard Time.공시 • Oct 30+ 1 more updateCeconomy AG to Report Q1, 2025 Results on Feb 11, 2025Ceconomy AG announced that they will report Q1, 2025 results on Feb 11, 2025Reported Earnings • Aug 15Third quarter 2024 earnings released: €0.33 loss per share (vs €0.38 loss in 3Q 2023)Third quarter 2024 results: €0.33 loss per share (improved from €0.38 loss in 3Q 2023). Revenue: €4.92b (up 8.6% from 3Q 2023). Net loss: €162.0m (loss narrowed 13% from 3Q 2023). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • May 16Second quarter 2024 earnings released: EPS: €0.17 (vs €0.094 loss in 2Q 2023)Second quarter 2024 results: EPS: €0.17 (up from €0.094 loss in 2Q 2023). Revenue: €5.33b (flat on 2Q 2023). Net income: €84.0m (up €131.0m from 2Q 2023). Profit margin: 1.6% (up from net loss in 2Q 2023). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • Feb 11First 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 5.8% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • Dec 20Full 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 6.0% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공시 • Dec 13Ceconomy AG to Report Fiscal Year 2024 Results on Dec 18, 2024Ceconomy AG announced that they will report fiscal year 2024 results on Dec 18, 2024공시 • Oct 27+ 2 more updatesCeconomy AG to Report Q3, 2024 Results on Aug 14, 2024Ceconomy AG announced that they will report Q3, 2024 results on Aug 14, 2024New Risk • Aug 13New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.9x net interest cover). Minor Risks Dividend is not well covered by earnings (112% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.07% net profit margin).Reported Earnings • Aug 13Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €4.53b (down 2.8% from 3Q 2022). Net loss: €186.0m (loss widened 96% from 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 6.1% growth forecast for the Specialty Retail industry in Europe.공시 • Aug 03POWER 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.New Risk • Jun 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 335% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (112% payout ratio). Large one-off items impacting financial results.Reported Earnings • May 21Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €5.30b (up 5.6% from 2Q 2022). Net loss: €47.0m (loss widened 124% from 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Specialty Retail industry in Europe.공시 • Feb 16POWER 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 16First quarter 2023 earnings releasedFirst 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 4.9% growth forecast for the Specialty Retail industry in Europe.공시 • Feb 15+ 1 more updateCeconomy AG to Report Q3, 2023 Results on Aug 10, 2023Ceconomy AG announced that they will report Q3, 2023 results on Aug 10, 2023Reported Earnings • Dec 18Full year 2022 earnings releasedFull year 2022 results: 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). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.6% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공시 • Dec 16Ceconomy AG to Report Q1, 2023 Results on Feb 14, 2023Ceconomy AG announced that they will report Q1, 2023 results on Feb 14, 2023Reported Earnings • Aug 14Third quarter 2022 earnings releasedThird 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 6.5% growth forecast for the industry in Switzerland.Reported Earnings • May 16Second quarter 2022 earnings released: €0.06 loss per share (vs €0.26 profit in 2Q 2021)Second quarter 2022 results: €0.06 loss per share (down from €0.26 profit in 2Q 2021). Revenue: €5.02b (up 16% from 2Q 2021). Net loss: €21.0m (down 122% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 1.1%, compared to a 7.1% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Feb 09First quarter 2022 earnings: EPS in line with expectations, revenues disappointFirst quarter 2022 results: EPS: €0.34 (down from €0.43 in 1Q 2021). Revenue: €6.85b (down 8.2% from 1Q 2021). Net income: €122.0m (down 20% from 1Q 2021). Profit margin: 1.8% (down from 2.0% in 1Q 2021). Revenue missed analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 4.3%, compared to a 16% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year.Upcoming Dividend • Feb 03Upcoming dividend of €0.17 per shareEligible 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 Swiss dividend payers (3.6%). Higher than average of industry peers (2.7%).Reported Earnings • Dec 17Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull 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 16% growth forecast for the retail industry in Switzerland. 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 20% per year, which means it is well ahead of earnings.Reported Earnings • Aug 14Third quarter 2021 earnings releasedThe 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 10% per year, which means it has not declined as severely as earnings.Executive Departure • Jul 01Chief Executive Officer of Media-Saturn-Holding GmbH Ferran Planet has left the companyOn 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.Reported Earnings • May 14Second 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 18% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 10First quarter 2021 earnings releasedThe company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: €7.46b (up 9.4% from 1Q 2020). Net income: €153.0m (down 10.0% from 1Q 2020). Profit margin: 2.0% (down from 2.5% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 78% 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 • Feb 10Revenue misses expectationsRevenue missed analyst estimates by 1.8%. Over the next year, revenue is forecast to stay flat compared to a 8.8% growth forecast for the Specialty Retail industry in Switzerland.Analyst Estimate Surprise Post Earnings • Dec 17Revenue beats expectationsRevenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 1.3%, compared to a 7.2% growth forecast for the Specialty Retail industry in Switzerland.이익 및 매출 성장 예측SWX:CEC - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수9/30/202824,9353353071,11929/30/202724,0062922451,06049/30/202623,7532642071,01723/31/202623,323-608721,036N/A12/31/202523,110-1771947N/A9/30/202523,072-358601,050N/A6/30/202522,83914776982N/A3/31/202522,954-34481689N/A12/31/202423,03583666865N/A9/30/202422,44276645838N/A6/30/202422,583135679856N/A3/31/202422,192112585754N/A12/31/202322,160-19466638N/A9/30/202322,242-398281,004N/A6/30/202322,132159121,122N/A3/31/202322,263104739967N/A12/31/202221,980131626851N/A9/30/202221,768126-79127N/A6/30/202221,69948-25155N/A3/31/202221,44877391550N/A12/31/202120,751191234386N/A9/30/202121,361222309450N/A6/30/202121,465172-1,007-891N/A3/31/202121,164135331437N/A12/31/202021,474-2549451,052N/A9/30/202020,831-2371,0711,183N/A6/30/202020,555-1922,1482,276N/A3/31/202021,014-136307445N/A12/31/201921,397184N/A114N/A9/30/201921,455121N/A65N/A6/30/201921,412167N/A114N/A3/31/201921,433111N/A590N/A12/31/201821,53625N/A662N/A9/30/201821,41822N/A684N/A6/30/201821,59816N/A592N/A3/31/201821,64166N/A736N/A12/31/201721,473161N/A-356N/A9/30/201721,605134N/A758N/A6/30/201721,50427N/A1,485N/A3/31/201721,56414N/A1,229N/A12/31/201621,873-12N/A1,082N/A9/30/201621,87047N/A1,569N/A6/30/201631,080-226N/A1,635N/A3/31/201640,358-51N/A1,454N/A12/31/201548,791-446N/A1,299N/A9/30/201559,219-263N/A1,846N/A6/30/201559,38245N/A1,692N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: CEC 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(0.6%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: CEC (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: CEC 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: CEC 의 수익(연간 2.4%)이 Swiss 시장(연간 4.9%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: CEC 의 수익(연간 2.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: CEC의 자본 수익률은 3년 후 28.9%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YRetail 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 17:59종가2026/05/19 00:00수익2026/03/31연간 수익2025/09/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Ceconomy AG는 29명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Batuhan KarabekirBerenbergBruno MonteyneBernsteinGeoffrey d'HalluinBNP Paribas26명의 분석가 더 보기
공시 • Jan 07Ceconomy AG, Annual General Meeting, Feb 18, 2026Ceconomy AG, Annual General Meeting, Feb 18, 2026, at 10:00 W. Europe Standard Time.
공시 • Oct 16Ceconomy AG(XTRA:CEC) dropped from Germany SDAX (Total Return) IndexCeconomy AG has been dropped from the Germany Small DAX (Total Return) Index.
공시 • Oct 10+ 3 more updatesCeconomy AG to Report Q1, 2026 Results on Feb 11, 2026Ceconomy AG announced that they will report Q1, 2026 results on Feb 11, 2026
공시 • Jul 31JD.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.
공시 • Feb 27Ceconomy AG to Report Q4, 2025 Results on Dec 17, 2025Ceconomy AG announced that they will report Q4, 2025 results on Dec 17, 2025
공시 • Feb 12Ceconomy AG to Report Q3, 2025 Results on Aug 12, 2025Ceconomy AG announced that they will report Q3, 2025 results on Aug 12, 2025
공시 • Jan 09Ceconomy AG, Annual General Meeting, Feb 26, 2025Ceconomy AG, Annual General Meeting, Feb 26, 2025, at 10:00 W. Europe Standard Time.
공시 • Oct 30+ 1 more updateCeconomy AG to Report Q1, 2025 Results on Feb 11, 2025Ceconomy AG announced that they will report Q1, 2025 results on Feb 11, 2025
Reported Earnings • Aug 15Third quarter 2024 earnings released: €0.33 loss per share (vs €0.38 loss in 3Q 2023)Third quarter 2024 results: €0.33 loss per share (improved from €0.38 loss in 3Q 2023). Revenue: €4.92b (up 8.6% from 3Q 2023). Net loss: €162.0m (loss narrowed 13% from 3Q 2023). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • May 16Second quarter 2024 earnings released: EPS: €0.17 (vs €0.094 loss in 2Q 2023)Second quarter 2024 results: EPS: €0.17 (up from €0.094 loss in 2Q 2023). Revenue: €5.33b (flat on 2Q 2023). Net income: €84.0m (up €131.0m from 2Q 2023). Profit margin: 1.6% (up from net loss in 2Q 2023). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • Feb 11First 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 5.8% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • Dec 20Full 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 6.0% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공시 • Dec 13Ceconomy AG to Report Fiscal Year 2024 Results on Dec 18, 2024Ceconomy AG announced that they will report fiscal year 2024 results on Dec 18, 2024
공시 • Oct 27+ 2 more updatesCeconomy AG to Report Q3, 2024 Results on Aug 14, 2024Ceconomy AG announced that they will report Q3, 2024 results on Aug 14, 2024
New Risk • Aug 13New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.9x net interest cover). Minor Risks Dividend is not well covered by earnings (112% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.07% net profit margin).
Reported Earnings • Aug 13Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €4.53b (down 2.8% from 3Q 2022). Net loss: €186.0m (loss widened 96% from 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 6.1% growth forecast for the Specialty Retail industry in Europe.
공시 • Aug 03POWER 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.
New Risk • Jun 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 335% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (112% payout ratio). Large one-off items impacting financial results.
Reported Earnings • May 21Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €5.30b (up 5.6% from 2Q 2022). Net loss: €47.0m (loss widened 124% from 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Specialty Retail industry in Europe.
공시 • Feb 16POWER 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 16First quarter 2023 earnings releasedFirst 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 4.9% growth forecast for the Specialty Retail industry in Europe.
공시 • Feb 15+ 1 more updateCeconomy AG to Report Q3, 2023 Results on Aug 10, 2023Ceconomy AG announced that they will report Q3, 2023 results on Aug 10, 2023
Reported Earnings • Dec 18Full year 2022 earnings releasedFull year 2022 results: 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). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.6% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공시 • Dec 16Ceconomy AG to Report Q1, 2023 Results on Feb 14, 2023Ceconomy AG announced that they will report Q1, 2023 results on Feb 14, 2023
Reported Earnings • Aug 14Third quarter 2022 earnings releasedThird 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 6.5% growth forecast for the industry in Switzerland.
Reported Earnings • May 16Second quarter 2022 earnings released: €0.06 loss per share (vs €0.26 profit in 2Q 2021)Second quarter 2022 results: €0.06 loss per share (down from €0.26 profit in 2Q 2021). Revenue: €5.02b (up 16% from 2Q 2021). Net loss: €21.0m (down 122% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 1.1%, compared to a 7.1% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Feb 09First quarter 2022 earnings: EPS in line with expectations, revenues disappointFirst quarter 2022 results: EPS: €0.34 (down from €0.43 in 1Q 2021). Revenue: €6.85b (down 8.2% from 1Q 2021). Net income: €122.0m (down 20% from 1Q 2021). Profit margin: 1.8% (down from 2.0% in 1Q 2021). Revenue missed analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 4.3%, compared to a 16% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year.
Upcoming Dividend • Feb 03Upcoming dividend of €0.17 per shareEligible 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 Swiss dividend payers (3.6%). Higher than average of industry peers (2.7%).
Reported Earnings • Dec 17Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull 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 16% growth forecast for the retail industry in Switzerland. 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 20% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 14Third quarter 2021 earnings releasedThe 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 10% per year, which means it has not declined as severely as earnings.
Executive Departure • Jul 01Chief Executive Officer of Media-Saturn-Holding GmbH Ferran Planet has left the companyOn 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.
Reported Earnings • May 14Second 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 18% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 10First quarter 2021 earnings releasedThe company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: €7.46b (up 9.4% from 1Q 2020). Net income: €153.0m (down 10.0% from 1Q 2020). Profit margin: 2.0% (down from 2.5% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 78% 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 • Feb 10Revenue misses expectationsRevenue missed analyst estimates by 1.8%. Over the next year, revenue is forecast to stay flat compared to a 8.8% growth forecast for the Specialty Retail industry in Switzerland.
Analyst Estimate Surprise Post Earnings • Dec 17Revenue beats expectationsRevenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 1.3%, compared to a 7.2% growth forecast for the Specialty Retail industry in Switzerland.