Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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 Duyuru • 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 Duyuru • 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 • 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 6.5% 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 16
Second 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 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 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 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 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. Duyuru • 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 • 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 6.1% growth forecast for the Specialty Retail industry in Europe. Duyuru • 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. New Risk • Jun 18
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). Large one-off items impacting financial results. 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 5.6% growth forecast for the Specialty Retail industry in Europe. Duyuru • 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 16
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 4.9% growth forecast for the Specialty Retail industry in Europe. Reported Earnings • Dec 18
Full year 2022 earnings released Full 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. Duyuru • 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 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 6.5% growth forecast for the industry in Switzerland. Reported Earnings • May 16
Second 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 09
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First 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 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 Swiss dividend payers (3.6%). Higher than average of industry peers (2.7%). 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 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 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 10% 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. 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 18% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 10
First quarter 2021 earnings released The 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 10
Revenue misses expectations Revenue 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 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 7.2% growth forecast for the Specialty Retail industry in Switzerland.