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General

Ceconomy posts EBIT loss on sales down 8% in Q1

Monday 20 April 2020 | 12:20 CET | News
Ceconomy, the owner of retailers Media Markt and Saturn, said that its preliminary sales fell by 7.7 percent year-on-year in its fiscal second quarter to March to EUR 4.63 billion due to the Covid-19 crisis. Adjusted EBIT declined by EUR 157 million year-on-year to a negative EUR 131 million, despite a strong year-on-year increase in the first two months of Q2.

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Categories: General
Companies: Ceconomy / Mediamarkt / Saturn
Countries: Europe / Germany
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