EQS-Adhoc: CECONOMY AG: CECONOMY specifies outlook for the business year 2023/24
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EQS-Ad-hoc: CECONOMY AG / Key word(s): Forecast CECONOMY specifies outlook for the business year 2023/24 CECONOMY AG ("CECONOMY") specifies the outlook for the business year 2023/24. Expected is now an adjusted EBIT of between 290 and 310 million euros. This surpasses analysts’ expectations of 273 million euros*. This increase is expected to be primarily driven by the Western/Southern Europe segment. Previously, CECONOMY had expected a clear improvement in adjusted EBIT resulting from the DACH and Western/Southern Europe segments. CECONOMY continues to expect a slight increase in total sales adjusted for currency effects and portfolio changes across all segments. The outlook is adjusted for portfolio changes and does not take into account the earnings effects from companies accounted for using the equity method. Accounting effects of the application of IAS 29 in Türkiye as a hyperinflationary economy are likewise unaccounted for. It also does not include non-recurring effects, especially in connection with the simplification and digitalization of central structures and processes and changes in the legal environment. In the second quarter of 2023/24, based on preliminary figures, CECONOMY achieved a sales growth adjusted for currency and portfolio effects of 6.5 percent (like-for-like sales +5.1 percent). This resulted in a currency and portfolio-adjusted sales growth of 4.8 percent (like-for-like sales +3.9 percent) for the first half of 2023/24. The second quarter contributed as expected with 5 million euros to the adjusted EBIT, which is an increase of +26 million euros compared to the previous year, leading to 253 million euros adjusted EBIT for H1 2023/24. The adjusted EBIT was therefore 43 million euros higher than in the comparable previous year period and thus in line with expectations. The detailed results for Q2/H1 2023/24 will be published as planned on May 15, 2024 at 07:00 a.m. CEST. Explanations of the financial key figures used can be found in the annual report for the business year 2022/23 published on the company's website (see pages 32-35) at the following link: https://www.ceconomy.de/media/ceconomy_annual_report_2022_23_1.pdf Notifying person: Fabienne Caron, VP Head of Investor Relations, CECONOMY AG
*Median of estimates from 7 analysts End of Inside Information
13-May-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | CECONOMY AG |
| Kaistr. 3 | |
| 40221 Düsseldorf | |
| Germany | |
| Phone: | +49 (0)211 5408-7222 |
| Fax: | +49 (0)211 5408-7005 |
| E-mail: | fabienne.caron@ceconomy.de |
| Internet: | www.ceconomy.de |
| ISIN: | DE0007257503, DE0007257537, Weitere: www.ceconomy.de/de/investor-relations/ |
| WKN: | 725750, 725753, Weitere: www.ceconomy.de/de/investor-relations/ |
| Indices: | SDAX |
| Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1900865 |
| End of Announcement | EQS News Service |
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1900865 13-May-2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 21.418,00 | 21.455,00 | 20.831,00 | 21.361,00 | 21.768,00 | 22.242,00 | 22.442,00 | |
| EBITDA1,2 | 650,00 | 465,00 | 991,00 | 947,00 | 866,00 | 814,00 | 916,00 | |
| EBITDA-Margin3 | 3,04 | 2,17 | 4,76 | 4,43 | 3,98 | 3,66 | 4,08 | |
| EBIT1,4 | 419,00 | 224,00 | -80,00 | 326,00 | 105,00 | -21,00 | 254,00 | |
| EBIT-Margin5 | 1,96 | 1,04 | -0,38 | 1,53 | 0,48 | -0,09 | 1,13 | |
| Net Profit (Loss)1 | -210,00 | 50,00 | -211,00 | 256,00 | 130,00 | -37,00 | 77,00 | |
| Net-Margin6 | -0,98 | 0,23 | -1,01 | 1,20 | 0,60 | -0,17 | 0,34 | |
| Cashflow1,7 | 684,00 | 86,00 | 1.166,00 | 450,00 | 450,00 | 1.004,00 | 838,00 | |
| Earnings per share8 | -0,64 | 0,34 | -0,66 | 0,65 | 0,31 | -0,08 | 0,16 | |
| Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,17 | 0,00 | 0,00 | 0,00 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: PricewaterhouseCoopers
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
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| Metro ST (Alt) | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| METRO1 | DE0007257503 | 0,00 Mio € | 25.07.1996 | Halten | ||
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 0,00 | 20,15 | 0,00 | 19,28 | 1,91 | 0,00 | 0,00 |
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Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,00 | 0,00 | 0,00 | 0,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 06.02.2017 | 03.02.2018 | 15.05.2018 | 02.08.2018 | 13.12.2017 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -1,67% | -0,80% | -7,60% | +0,99% | +0,00% |
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