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Ceconomy AG (CECG.DE)

CECG.DE on Xetra

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4:35pm GMT
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Latest Key Developments (Source: Significant Developments)

Fnac Darty Signs Credit Agreement For EUR 100 Million With EIB
Monday, 18 Feb 2019 

Feb 18 (Reuters) - FNAC DARTY SA ::REG-FNAC DARTY REINFORCES THE EUROPEAN DIMENSION OF ITS FINANCING STRUCTURE.HAS SIGNED A CREDIT AGREEMENT FOR 100 MILLION EUROS WITH EUROPEAN INVESTMENT BANK (EIB).  Full Article

Fnac Darty Reports Loss Of Sales Estimated At Around 45 Million Euros
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - FNAC DARTY SA ::IN AN UNPRECEDENTED CONTEXT OF « YELLOW VEST » PROTESTS, FNAC DARTY REPORTS A LOSS OF SALES ESTIMATED AT AROUND 45 MILLION EUROS.THIS IMPACT ON END OF YEAR SALES SHOULD WEIGH CORRELATIVELY ON THE CURRENT OPERATING INCOME GROWTH EXPECTED FOR 2018.GROUP CONFIRMS MID-TERM OBJECTIVES OF HIGHER GROWTH THAN ITS MARKETS, AND A CURRENT OPERATING MARGIN BETWEEN 4.5% AND 5% OF SALES.GROUP REAFFIRMS ITS OBJECTIVE OF €130M OF SYNERGIES DEPLOYED AT THE END OF 2018.  Full Article

Ceconomy Resolves Share Buyback
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - CECONOMY AG ::RESOLVED BUYBACK OF ORDINARY BEARER SHARES OVER STOCK EXCHANGE AS TREASURY SHARES BY COMPANY IN A VALUE OF UP TO EUR 90,000.00.  Full Article

Ceconomy reports preliminary results for past FY 2017/18; earnings below expectations
Monday, 8 Oct 2018 

Oct 8 (Reuters) - :PRELIMINARY RESULTS FOR PAST FINANCIAL YEAR 2017/18; EARNINGS BELOW EXPECTATIONS.EXPECTS FY 2017/18 SALES TO GROW BY APPROX. 0.2 PER CENT ADJUSTED FOR CURRENCY EFFECTS AND PORTFOLIO CHANGES.EXPECTS FY 2017/18 AN EBITDA OF AROUND EUR630 MILLION (COMPARATIVE PREVIOUS-YEAR FIGURE: EUR714 MILLION BEFORE SPECIAL ITEMS).EXPECTS FY 2017/18 AN EBIT OF AROUND EUR400 MILLION (COMPARATIVE PREVIOUS-YEAR FIGURE: EUR494 MILLION BEFORE SPECIAL ITEMS).CECONOMY- DEVIATION IN PRELIMINARY RESULTS ATTRIBUTABLE TO LOWER THAN EXPECTED OPERATING EARNINGS FROM MEDIAMARKTSATURN RETAIL GROUP AT FY 2017/18-END.  Full Article

Ceconomy Resolves Buyback Of Ordinary Bearer Shares In A Value Of Up To EUR 90,000
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - Ceconomy AG ::RESOLVED BUYBACK OF ORDINARY BEARER SHARES OVER STOCK EXCHANGE AS TREASURY SHARES BY COMPANY IN A VALUE OF UP TO EUR 90,000.00.BUYBACK WILL BE EXECUTED IN THREE SHARE BUYBACK PROGRAMS WITHIN C. TWO YEARS.  Full Article

Czech investor: Metro stake options provide future flexibility
Thursday, 20 Sep 2018 

Sept 20 (Reuters) - Ceconomy AG ::EP GLOBAL COMMERCE SAYS, ON ACQUIRING CECONOMY STAKE IN METRO, HAS CHOSEN OPTION STRUCTURE TO PROVIDE FULL FLEXIBILITY REGARDING FUTURE SHAREHOLDING IN METRO.Story: nFWN1W60FQ.  Full Article

Ceconomy Successfully Concludes Russian Deal With M.Video/Safmar
Friday, 31 Aug 2018 

Aug 31 (Reuters) - CECONOMY AG ::SUCCESSFULLY CONCLUDES RUSSIAN DEAL WITH M.VIDEO/SAFMAR.CECONOMY’S MAJORITY SHAREHOLDING MEDIAMARKTSATURN TAKES A 15 PERCENT STAKE IN M.VIDEO, LEADING RUSSIAN CONSUMER ELECTRONICS RETAILER.SUB-SCALE RUSSIAN BUSINESS TRANSFERRED TO SAFMAR AND THEN IN FINAL STEP OF TRANSACTION TO M.VIDEO.  Full Article

Russia's M.Video completes deal to buy MediaMarkt
Friday, 31 Aug 2018 

Aug 31 (Reuters) - Russian consumer electronics retailer M.Video says::M.Video has completed the previously announced acquisition of MediaMarkt, a Russian unit of Germany's Ceconomy <<>>.The deal gives Ceconomy a 15-percent stake in M.Video. nL8N1TM16C.  Full Article

Ceconomy CEO reviewing pace of expansion in Turkey
Tuesday, 14 Aug 2018 

Aug 14 (Reuters) - Ceconomy AG ::CECONOMY CEO SAYS WORKING TO COUNTER FACT THAT NOBODY WANTS TO GO SHOPPING GIVEN WARM WEATHER IN EUROPE.CECONOMY SAYS ENGAGED IN OPEN AND CONSTRUCTIVE TALKS WITH KELLERHALS HEIRS.CECONOMY CEO SAYS WELL POSITIONED IN TURKEY, TAKES LONG-TERM VIEW OF INVESTMENT IN THE COUNTRY.CECONOMY CEO SAYS THINKING ABOUT WHETHER IT MAKES SENSE TO KEEP EXPANDING SO FAST IN TURKEY.  Full Article

Russian watchdog approves M.video's deal for MediaMarkt
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Russian consumer electronics retailer M.video ::Russia's anti-monopoly regulator FAS said on Thursday it had approved an acquisition by M.video of the MediaMarkt business from Germany's Ceconomy <<>>.."The deal has been approved and won't harm competition. Its implementation will help attract new investments in the sector and will contribute to the development of the chain," FAS said in a statement..  Full Article

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Watchdog clears possible Metro takeover by Czech investor Kretinsky

FRANKFURT Germany's antitrust watchdog has cleared a potential acquisition of retailer Metro by Czech investor Daniel Kretinsky, a spokesman for the Federal Cartel Office said on Thursday.