Reported Earnings • May 18
Second quarter 2026 earnings released: €0.19 loss per share (vs €0.068 loss in 2Q 2025) Second quarter 2026 results: €0.19 loss per share (further deteriorated from €0.068 loss in 2Q 2025). Revenue: €5.47b (up 4.1% from 2Q 2025). Net loss: €92.0m (loss widened 179% from 2Q 2025). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Direktnyheter • May 14
Ceconomy Reports 4% Sales Growth as JD.com Deal Faces Delays and Germany Restructures Ceconomy reported H1 2026 sales growth of 4% and like-for-like sales growth of 4.8% in Q2, alongside a 14.2% rise in adjusted EBIT.
Online sales accounted for 28.5% of total sales, reflecting the company’s focus on its omnichannel model.
Management highlighted ongoing restructuring in Germany and said the planned JD.com acquisition is facing delays due to pending regulatory approvals.
The mix of higher sales, improved adjusted EBIT and a rising online share points to some operational progress. At the same time, the German restructuring and JD.com deal delays keep execution risk on the table.
If you are following the stock, it is worth tracking how quickly the restructuring translates into further profitability changes and whether regulatory approvals for the JD.com transaction move forward within management’s expected timelines. Reported Earnings • Feb 12
First quarter 2026 earnings released: EPS: €0.37 (vs €0.30 in 1Q 2025) First quarter 2026 results: EPS: €0.37 (up from €0.30 in 1Q 2025). Revenue: €7.61b (flat on 1Q 2025). Net income: €181.0m (up 22% from 1Q 2025). Profit margin: 2.4% (up from 2.0% in 1Q 2025). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Price Target Changed • Jan 12
Price target increased by 7.7% to €4.60 Up from €4.27, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of €4.49. The company is forecast to post earnings per share of €0.52 next year compared to a net loss per share of €0.072 last year. Tillkännagivande • 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. Reported Earnings • Dec 18
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: €0.072 loss per share (down from €0.16 profit in FY 2024). Revenue: €23.1b (up 2.8% from FY 2024). Net loss: €35.0m (down 146% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Tillkännagivande • 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. Reported Earnings • Aug 13
Third quarter 2025 earnings released: €0.24 loss per share (vs €0.33 loss in 3Q 2024) Third quarter 2025 results: €0.24 loss per share (improved from €0.33 loss in 3Q 2024). Revenue: €4.80b (down 2.3% from 3Q 2024). Net loss: €114.0m (loss narrowed 30% from 3Q 2024). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Price Target Changed • Aug 03
Price target increased by 12% to €4.29 Up from €3.83, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of €4.44. The company is forecast to post earnings per share of €0.33 for next year compared to €0.16 last year. Price Target Changed • Jul 31
Price target increased by 11% to €3.99 Up from €3.59, the current price target is an average from 6 analysts. New target price is 10% below last closing price of €4.44. Stock is up 64% over the past year. The company is forecast to post earnings per share of €0.31 for next year compared to €0.16 last year. Tillkännagivande • 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. Reported Earnings • May 16
Second quarter 2025 earnings released: €0.08 loss per share (vs €0.17 profit in 2Q 2024) Second quarter 2025 results: €0.08 loss per share (down from €0.17 profit in 2Q 2024). Revenue: €5.25b (down 1.6% from 2Q 2024). Net loss: €38.0m (down 145% from profit in 2Q 2024). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.28, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Specialty Retail industry in Germany. Total loss to shareholders of 2.4% over the past three years. Price Target Changed • Mar 31
Price target increased by 7.2% to €3.53 Up from €3.29, the current price target is an average from 7 analysts. New target price is 6.4% above last closing price of €3.32. Stock is up 78% over the past year. The company is forecast to post earnings per share of €0.32 for next year compared to €0.16 last year. Tillkännagivande • 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 Major Estimate Revision • Feb 18
Consensus EPS estimates fall by 12%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €22.9b to €23.3b. EPS estimate fell from €0.367 to €0.322 per share. Net income forecast to grow 119% next year vs 39% growth forecast for Specialty Retail industry in Germany. Consensus price target up from €3.17 to €3.29. Share price was steady at €3.24 over the past week. Reported Earnings • Feb 12
First quarter 2025 earnings released: EPS: €0.30 (vs €0.30 in 1Q 2024) First quarter 2025 results: EPS: €0.30 (in line with 1Q 2024). Revenue: €7.57b (up 8.4% from 1Q 2024). Net income: €148.0m (flat on 1Q 2024). Profit margin: 2.0% (down from 2.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 6.5% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Tillkännagivande • 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 New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €3.04, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Specialty Retail industry in Germany. Total loss to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.22 per share. Tillkännagivande • 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 • Dec 19
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €0.16 (up from €0.08 loss in FY 2023). Revenue: €22.4b (flat on FY 2023). Net income: €76.0m (up €115.0m from FY 2023). Profit margin: 0.3% (up from net loss in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 61%. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. New Risk • Dec 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €2.58, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Specialty Retail industry in Germany. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.29 per share. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.26, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Specialty Retail industry in Germany. Total loss to shareholders of 5.6% over the past three years. New Risk • Aug 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 42% 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: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 15
Third 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 6.0% growth forecast for the Specialty Retail industry in Germany. 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 14% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jul 10
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €0.412 to €0.458. Revenue forecast steady at €22.3b. Net income forecast to grow 88% next year vs 40% growth forecast for Specialty Retail industry in Germany. Consensus price target of €2.94 unchanged from last update. Share price fell 6.0% to €2.80 over the past week. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €3.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 3x in the Specialty Retail industry in Germany. Total loss to shareholders of 32% over the past three years. Price Target Changed • May 19
Price target increased by 8.3% to €2.46 Up from €2.27, the current price target is an average from 8 analysts. New target price is 14% below last closing price of €2.86. Stock is up 25% over the past year. The company is forecast to post earnings per share of €0.52 next year compared to a net loss per share of €0.08 last year. New Risk • May 16
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.9x 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. This is currently the only risk that has been identified for the company. 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 5.8% growth forecast for the Specialty Retail industry in Germany. 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 27% per year, which means it is performing significantly worse than earnings. Reported Earnings • Dec 20
Full year 2023 earnings: EPS misses analyst expectations 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 6.3% growth forecast for the Specialty Retail industry in Germany. 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 26% per year, which means it is significantly lagging earnings. Tillkännagivande • 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 New Risk • Nov 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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). Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.07% net profit margin). Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to €2.39, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Specialty Retail industry in Germany. Total loss to shareholders of 40% over the past three years. Major Estimate Revision • Oct 18
Consensus EPS estimates fall by 84% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.0509 to €0.008 per share. Revenue forecast steady at €21.9b. Net income forecast to grow 573% next year vs 84% growth forecast for Specialty Retail industry in Germany. Consensus price target down from €2.37 to €2.28. Share price fell 5.6% to €1.94 over the past week. Major Estimate Revision • Sep 27
Consensus EPS estimates fall from profit to €0.006 loss The consensus outlook for fiscal year 2023 has been updated. Forecast loss of -€0.006 per share in 2023, versus previous forecasts of €0.0781 per share. Revenue forecast unchanged from €22.1b at last update. Specialty Retail industry in Germany expected to see average net income growth of 94% next year. Consensus price target broadly unchanged at €2.37. Share price fell 8.0% to €1.94 over the past week. Major Estimate Revision • Aug 17
Consensus EPS estimates fall by 33% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.126 to €0.084 per share. Revenue forecast steady at €22.2b. Net income forecast to grow 713% next year vs 131% growth forecast for Specialty Retail industry in Germany. Consensus price target broadly unchanged at €2.37. Share price rose 3.5% to €2.68 over the past week. New Risk • Aug 13
New major risk - Financial position The 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 13
Third quarter 2023 earnings released Third 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 6.2% growth forecast for the Specialty Retail industry in Germany. Tillkännagivande • 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 13
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €2.74, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Specialty Retail industry in Germany. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.48 per share. New Risk • Jun 17
New minor risk - Earnings quality The 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). Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Price Target Changed • Jun 09
Price target increased by 9.9% to €2.27 Up from €2.07, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of €2.23. Stock is down 23% over the past year. The company is forecast to post earnings per share of €0.13 for next year compared to €0.31 last year. Major Estimate Revision • Jun 07
Consensus EPS estimates fall by 25% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.193 to €0.145 per share. Revenue forecast steady at €22.3b. Net income forecast to grow 2.6% next year vs 10% growth forecast for Specialty Retail industry in Germany. Consensus price target up from €2.05 to €2.15. Share price rose 2.1% to €2.21 over the past week. Major Estimate Revision • May 22
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.227 to €0.193 per share. Revenue forecast steady at €22.1b. Net income forecast to grow 16% next year vs 16% growth forecast for Specialty Retail industry in Germany. Consensus price target up from €1.90 to €2.07. Share price fell 3.9% to €2.28 over the past week. Reported Earnings • May 21
Second quarter 2023 earnings released Second 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 6.7% growth forecast for the Specialty Retail industry in Germany. Price Target Changed • May 18
Price target increased by 8.8% to €2.07 Up from €1.90, the current price target is an average from 9 analysts. New target price is 7.4% below last closing price of €2.23. Stock is down 15% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.31 last year. Price Target Changed • May 16
Price target increased by 9.8% to €1.99 Up from €1.81, the current price target is an average from 9 analysts. New target price is 13% below last closing price of €2.28. Stock is down 29% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.31 last year. Buying Opportunity • May 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €2.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 51%. For the next 3 years, revenue is forecast to grow by 1.0% per annum. Earnings is also forecast to grow by 18% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €2.04, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Specialty Retail industry in Germany. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.48 per share. Tillkännagivande • 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 4.4% growth forecast for the Specialty Retail industry in Germany. 
