Ceconomy preliminary figures show sales decline, adjusted EBIT up in Q4

Tuesday 26 October 2021 | 10:12 CET | News
Ceconomy, the owner of retailers Media Markt and Saturn, said that according to preliminary results, sales declined by 1 percent year-on-year in the fourth quarter of this year to EUR 5.16 billion, against the backdrop of the prior year's high catch-up demand. Online sales rose by 24.7 percent to EUR 1.1 billion driven by an increased average basket, representing 20.5 percent of total sales. Adjusted EBIT improved slightly in Q4 this year compared with the same period the prior year, which was at EUR 123 million. 

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Categories: IT / Mobile & Wireless
Companies: Ceconomy
Countries: Germany
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