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Ceconomy AG (CECG.DE)

CECG.DE on Xetra

6.38EUR
20 Aug 2018
Change (% chg)

€-0.03 (-0.53%)
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€6.42
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€6.47
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€6.47
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€6.38
Volume
18,045
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1,410,544
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€13.40
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€6.23

Latest Key Developments (Source: Significant Developments)

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

Ceconomy says Otto Beisheim Foundation reduces stake to 6.62 percent
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Ceconomy AG says::SAYS OTTO BEISHEIM FOUNDATION HOLDS VOTING RIGHTS OF 6.62 PERCENT AS OF JUL 12, VERSUS 9.97 PREVIOUS NOTIFICATION.  Full Article

Russia's M.video to propose paying dividend for 2019
Wednesday, 20 Jun 2018 

June 20 (Reuters) - M.video ::M.video management will propose paying dividends on 2019 results in 2020 - M.video President Alexander Tynkovan.M.video plans to use own funds and debt instruments to finance acquisition of MediaMarkt stores from Safmar - Tynkovan .M.video expects MediaMarkt stores to contribute up to 110 billion roubles ($1.73 billion) to revenue and 11 billion roubles to EBITDA over the next four years .M.video sees 2022 revenue exceeding 475 billion roubles, EBITDA at 33 billion roubles, including MediaMarkt contribution .M.video estimates its market share will rise to 29 percent after MediaMarkt acquisition from 26 percent at present..  Full Article

Ceconomy Says Capital Increase One Of Several Options
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Ceconomy conference call::CEO SAYS HAS NOT MADE ANY DECISION ON CAPITAL INCREASE YET.CFO SAYS AIMS TO RETAIN FINANCIAL FLEXIBILITY, CAPITAL INCREASE IS ONE OF SEVERAL OPTIONS UNDER CONSIDERATION.CEO SAYS MAJOR ISSUES NOT YET RESOLVED WITH KELLERHALS FAMILY, STILL IN CONSTRUCTIVE TALKS.CONFIRMS M.VIDEO TO PAY SAFMAR $170 MILLION FOR MEDIAMARKT RUSSIA.CEO SAYS TALKING TO INVESTORS EVERY DAY, BUT NOT ABOUT A SPECIFIC CAPITAL INCREASE.CECONOMY CFO SAYS THERE IS NO CONNECTION BETWEEN A MEDIA-SATURN DIVIDEND AND A POSSIBLE CAPITAL INCREASE.  Full Article

Media-Saturn-Holding to aquire 15% stake in PJSC M.video
Tuesday, 19 Jun 2018 

June 19 (Reuters) - Ceconomy AG ::DGAP-ADHOC: CECONOMY AG: ACQUISITION OF A 15% STAKE IN PJSC M.VIDEO AGAINST TRANSFER OF THE RUSSIAN BUSINESS OF MEDIA-SATURN GROUP.MEDIA-SATURN - MSH WILL PAY A PURCHASE PRICE IN AMOUNT OF ABOUT EUR 258M BASED ON TODAY'S EXCHANGE RATES.MEDIA-SATURN- DEPENDING ON FUTURE DEVELOPMENT OF CERTAIN FINANCIAL RATIOS OF M.VIDEO PURCHASE PRICE MAY BE REDUCED BY AN AMOUNT OF UP TO EUR 86 MILLION.MEDIA-SATURN- CECONOMY WILL LIKELY INCUR AN AGGREGATED NEGATIVE ONE-TIME IMPACT OF AROUND EUR 250 MILLION ON ITS NET INCOME AS A RESULT OF TRANSACTION.MEDIA-SATURN- CECONOMY'S COMPARABLE FIGURES FOR FY 2016/17 INCREASE FROM EUR 704 MILLION TO EUR 717 MILLION AS REGARDS EBITDA.MEDIA-SATURN- CECONOMY NOW EXPECTS AN INCREASE IN BOTH EBITDA AND EBIT IN LOW TO MEDIUM SINGLE-DIGIT PERCENTAGE RANGE FOR FY 2016/17.  Full Article

Ceconomy In Talks On PJSC M.video Stake Acquisition
Tuesday, 19 Jun 2018 

June 19 (Reuters) - CECONOMY AG ::REPORTS ON FURTHER PROGRESS OF ITS TALKS CONCERNING A POTENTIAL ACQUISITION OF A 15% STAKE IN PJSC M.VIDEO AGAINST TRANSFER OF THE RUSSIAN BUSINESS OF MEDIA-SATURN GROUP AND CONSIDERS AN EQUITY MEASURE.MEDIA-SATURN-HOLDING GMBH (MSH) IS IN VERY ADVANCED TALKS WITH A COMPANY OF SAFMAR GROUP (SAFMAR).CECONOMY CONSIDERS CARRYING OUT A SHARE CAPITAL INCREASE OF UP TO 10%.FINAL DECISION WILL BE TAKEN AT A LATER POINT IN TIME.CECONOMY - CAPITAL INCREASE WOULD OCCUR OUT OF EXISTING AUTHORIZED SHARE CAPITAL UNDER EXCLUSION OF EXISTING SHAREHOLDERS' SUBSCRIPTION RIGHTS.  Full Article

Ceconomy CEO confident Italy unit will improve this year
Thursday, 17 May 2018 

May 17 (Reuters) - Ceconomy AG ::CECONOMY CEO SAYS IN TALKS WITH KELLERHALS FAMILY ABOUT SETTLING DISAGREEMENT, WILL UPDATE WHEN MORE PROGRESS.CECONOMY CEO SAYS CONFIDENT WILL SEE SIGNIFICANT IMPROVEMENT IN ITALY THIS YEAR UNDER NEW MANAGEMENT.  Full Article

BAWAG P.S.K. And MediaMarktSaturn Austria Agree To Strategic Partnership In Retail Segment
Thursday, 17 May 2018 

May 17 (Reuters) - Bawag Group Ag ::BAWAG P.S.K. AND MEDIAMARKTSATURN AUSTRIA AGREE TO STRATEGIC PARTNERSHIP IN RETAIL SEGMENT.BAWAG P.S.K. TO SERVE AS EXCLUSIVE FINANCING PARTNER FOR MEDIAMARKTSATURN AUSTRIA CUSTOMERS.  Full Article

Ceconomy CEO says to keep driving consolidation
Thursday, 17 May 2018 

May 17 (Reuters) - Ceconomy ::CECONOMY CEO SAYS WILL CONTINUE TO DRIVE CONSOLIDATION ON LOCAL, REGIONAL AND INTERNATIONAL LEVEL.CECONOMY CEO SAYS NO NEW INFORMATION ON SEARCH FOR SOLUTION FOR RUSSIAN BUSINESS.CECONOMY CFO SAYS CANNOT RULE OUT NEED FOR FUTURE ADJUSTMENTS DUE TO SHARE DEVELOPMENT OF METRO STAKE.CECONOMY CFO SAYS EXPECTS TO SEE CONTINUING IMPROVEMENTS TO EBIT IN Q3 AND Q4; WORLD CUP SHOULD ALSO HELP.CECONOMY CEO SAYS NO CONNECTION BETWEEN STAKE IN FNAC-DARTY AND NEW ALLIANCE.CECONOMY CEO SAYS ALLIANCE WITH FNAC DARTY NOT JUST ANSWER TO AMAZON, BUT ALSO TO SIZE OF GOOGLE, APPLE.CECONOMY CEO SAYS WAITING TO HEAR WHETHER DIXONS CARPHONE INTERESTED IN JOINING ALLIANCE WITH FNAC DARTY.  Full Article

UPDATE 2-German retailer Ceconomy to review pace of expansion in Turkey

BERLIN, Aug 14 German consumer electronics retailer Ceconomy said it will reconsider its rapid pace of expansion in Turkey in light of the lira's recent collapse, but saw no reason to change its long-term view on the country's prospects.