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Ceconomy withholds dividend to reinforce equity, progress with reorganisation and efficiency programme

Tuesday 17 December 2019 | 09:46 CET | News
Ceconomy, the owner of retailers Media Markt and Saturn, has announced that its management and supervisory boards have decided not to recommend a dividend at the next general meeting. The company has justified the decision by saying that it needs to strengthen its equity, that it has incurred expenses in connection with its reorganisation and efficiency programme, and because of upcoming investments. 

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