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Wireless

Ceconomy sees drops in revenues in Q2, names new CEO

Tuesday 11 May 2021 | 10:52 CET | News
Ceconomy, the owner of retailers Media Markt and Saturn, said sales in Q2 ending in March decreased by 5.7 percent year-on-year to EUR 4.3 billion mainly due to the lockdowns in Germany and the Netherlands. Total adjusted EBIT was a loss of EUR 146 million during the period, compared with a loss of EUR 131 million in Q2 last year, mainly reflecting lower sales from brick-and-mortar business at MediaMarkt and Saturn in Germany and in the Netherlands. Ceconomy's online sales increased significantly by 146.5 percent in the second quarter of this year, accounting for almost half (49%) of total

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Categories: Mobile & Wireless
Companies: Ceconomy / MediaMarktSaturn
Countries: Europe / Germany
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