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General

Ceconomy targets sales, EBIT growth in new year, agrees new shareholding structure

Tuesday 15 December 2020 | 09:51 CET | News
Ceconomy, the owner of retailers Media Markt and Saturn, said that its sales for the fiscal year to September 2020 stood at EUR 20.8 billion, down 1.8 percent year on year due to challenging market conditions. EBIT came in better than the downgraded forecast, and the company targets a return to growth in the new year. It also agreed a deal to reform its shareholding structure with the Kellerhals family. 

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Categories: General
Companies: Ceconomy
Countries: Europe / Germany
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