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General

Ceconomy withdraws guidance as MediaMarkt shops close

Monday 23 March 2020 | 16:03 CET | News
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Ceconomy, the owner of retailers Media Markt and Saturn, has decided to withdraw its outlook for results in the financial year to June 2020. While the company said it had a "solid performance" in the first two months of 2020, the situation has become more challenging in March as its stores are closed in multiple countries across Europe. Ceconomy is focusing more on promoting online sales, but said revenues and EBIT will inevitably be impacted. 

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Categories: General
Companies: Ceconomy
Countries: Europe / Germany
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