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General

MediaMarkt owner scraps dividend after sharp fall in profit

Wednesday 19 December 2018 | 14:46 CET | News
Ceconomy, the owner of the Media Markt and Satrun retail chains, has confirmed a sharp fall in earnings for the fiscal year to September and said it will not pay a dividend for the period. The company was hurt by weak sales, particularly in Germany and Switzerland, as well as a writedown in the value of its stake in German retailer Metro. 

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Categories: General
Companies: Ceconomy / Mediamarkt
Countries: Europe
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