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United Kingdom

Ceconomy AG (CECG.DE)

CECG.DE on Xetra

5.14EUR
17 Sep 2019
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Latest Key Developments (Source: Significant Developments)

Ceconomy Q3 Loss For The Period Narrows To 62 Million Euros
Tuesday, 13 Aug 2019 

Aug 13 (Reuters) - CECONOMY AG ::Q3 CURRENCY AND PORTFOLIO ADJUSTED SALES EUR 4.6 BILLION UP 0.2% YEAR-ON-YEAR.Q3 ADJUSTED EBITDA EXCLUDING FNAC DARTY AT EUR 10 MILLION VERSUS LOSS OF EUR 16 MILLION YEAR AGO.Q3 LOSS FOR THE PERIOD EUR 62 MILLION VERSUS LOSS EUR 90 MILLION YEAR AGO.OUTLOOK FOR FINANCIAL YEAR 2018/2019 CONFIRMED.  Full Article

Ceconomy Creates New Entity In Greece, Sees Positive EBIT Effect
Tuesday, 2 Jul 2019 

July 2 (Reuters) - Ceconomy AG ::FOUNDATION OF A NEW ENTITY IN GREECE TOGETHER WITH INVESTMENT COMPANY OLYMPIA GROUP; MEDIAMARKTSATURN TO HOLD 25%, OLYMPIA GROUP TO TAKE OVER 75% OF THE NEW ENTITY.BOTH ORGANIZATIONS ARE CONTRIBUTING THE OPERATING COMPANIES MEDIAMARKT GREECE AND THE CONSUMER ELECTRONICS AND ENTERTAINMENT RETAILER PUBLIC IN GREECE AND CYPRUS TO THE NEW COMPANY.THE STORES OF THE TWO COMPANIES WILL CONTINUE TO OPERATE UNDER THEIR RESPECTIVE BRAND NAMES.CECONOMY SAYS TRANSACTION IS EXPECTED TO LEAD TO A POSITIVE EBIT EFFECT BETWEEN EUR 20 MILLION AND EUR 35 MILLION IN 2019/20.  Full Article

Ceconomy CFO: We Don't Think Medium-Term Goal For EBIT-Margin Of 5% Is Unrealistic
Tuesday, 21 May 2019 

May 21 (Reuters) - Ceconomy ::CFO SAYS OPTIONS GIVEN TO KRETINSKY ON REMAINING METRO SHARE WILL EXPIRE BY END OF JUNE.CEO SAYS WE CANNOT YET SAY HOW DEBATE ABOUT HUAWEI WILL AFFECT THE SALES OF HUAWEI'S PRODUCTS.CFO SAYS WE EXPECT HIGHER SALES IN Q1 THAN YEAR EARLIER PERIOD, ON PROFIT SIDE THERE WERE ONE-OFF EFFECTS OF 18 MILLION LAST YEAR.CFO SAYS WE DON'T THINK MEDIUM-TERM GOAL FOR EBIT-MARGIN OF 5% IS UNREALISTIC.  Full Article

Ceconomy CFO: Want To Strengthen Balance Sheet By Selling Metro Shares, No Acquisitions Planned
Tuesday, 21 May 2019 

May 21 (Reuters) - Ceconomy AG ::CEO SAYS WE ARE IN VERY CONSTRUCTIVE TALKS WITH MEDIA SATURN HOLDING MINORITY SHAREHOLDER CONVERGENTA.CEO: WE HAVE STARTED TALKS WITH LABOUR REPRESENTATIVES ON JOB CUTS, EXPECT RESULTS BY END OF OUR FISCAL YEAR BUT IDEALLY EARLIER.CFO: WE WANT TO STRENGTHEN OUR BALANCE SHEET WITH REVENUES FROM SALE OF OUR METRO SHARES, NO ACQUISITIONS PLANNED AT MOMENT.  Full Article

Ceconomy Confirms FY 2018/2019 Outlook
Tuesday, 21 May 2019 

May 21 (Reuters) - Ceconomy AG ::Q2 EBITDA DECREASED BY 20 MILLION EUR Y/Y TO 83 MILLION EUR.Q2 EPS 0.07 EUR.Q2 EBIT DECLINES BY 28 MILLION EUR Y/Y TO 19 MILLION EUR.Q2 SALES ADJUSTED FOR CURRENCY EFFECTS AND PORTFOLIO CHANGES DECLINED BY 1.1% TO 5,015 MILLION EUR.CONFIRMS FY 2018/2019 OUTLOOK.  Full Article

Fnac Darty Launches Senior Notes Offering For 650 Million Euros
Tuesday, 23 Apr 2019 

April 23 (Reuters) - FNAC DARTY SA ::LAUNCHES €650 MILLION SENIOR NOTES OFFERING.NOTES WILL BE GUARANTEED ON A SENIOR BASIS BY CERTAIN OF ISSUER'S SUBSIDIARIES WITHIN 90 DAYS AFTER DATE OF CLOSING OF OFFERING.EUR 300 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2024.EUR 350 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2026.ISSUER EXPECTS TO USE PROCEEDS FROM OFFERING, TOGETHER WITH CASH ON HAND, TO FULLY REDEEM ITS OUTSTANDING EUR 650 MILLION 3.25% SENIOR NOTES DUE 2023.  Full Article

Fnac Darty In Exclusive Negotiations To Buy Nature & Découvertes
Tuesday, 16 Apr 2019 

April 16 (Reuters) - FNAC DARTY SA ::REG-FNAC DARTY STRENGTHENS ITS OFFERING IN THE NATURAL AND WELL-BEING PRODUCT SECTOR EXCLUSIVE NEGOTIATIONS TO ACQUIRE NATURE & DÉCOUVERTES.EXCLUSIVE NEGOTIATIONS TO ACQUIRE NATURE & DÉCOUVERTES.FNAC DARTY'S OBJECTIVE IS TO COMPLETE TRANSACTION AT END OF FIRST HALF OF 2019..  Full Article

Ceconomy: Third Share Buyback Program Is Concluded
Monday, 25 Feb 2019 

Feb 25 (Reuters) - CECONOMY AG ::THIRD SHARE BUYBACK PROGRAM IS CONCLUDED.  Full Article

Ceconomy - Share Buyback To Allot Shares To Employees
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Ceconomy AG ::HAS RESOLVED THE BUYBACK OF ORDINARY BEARER SHARES OVER THE STOCK EXCHANGE AS TREASURY SHARES BY THE COMPANY IN A VALUE OF UP TO EUR 90,000.00 (EXCLUDING COSTS OF THE ACQUISITION).THE BUYBACK WILL BE EXECUTED IN THREE SHARE BUYBACK PROGRAMS WITHIN C. TWO YEARS.THE SOLE PURPOSE OF THE BUYBACK IS THE PERFORMANCE OF THE COMPANY'S OBLIGATIONS TO ALLOT SHARES TO THE COMPANY'S EMPLOYEES.  Full Article

Ceconomy: Third Share Buyback Program Shall Be Limited To Maximum Of 7,638 Ordinary Shares
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - CECONOMY AG ::BUYBACK WITHIN THIRD SHARE BUYBACK PROGRAM SHALL BE LIMITED TO A MAXIMUM OF 7,638 ORDINARY SHARES OF COMPANY.MAXIMUM AMOUNT OF MONEY THAT MAY BE INCURRED FOR THIRD SHARE BUYBACK PROGRAM SHALL BE EUR 46,500.00.  Full Article

Germany's Metro says talks on Real chain sale taking longer

DUESSELDORF, Sept 16 Talks to sell Metro's loss-making Real hypermarket chain to real estate investor Redos could take longer than expected after other parties showed interest in the properties, the German wholesaler said.