29.04.2019 CECONOMY AG  DE0007257503

DGAP-Adhoc: CECONOMY AG: CECONOMY resolves on reorganization and efficiency program


 

DGAP-Ad-hoc: CECONOMY AG / Key word(s): Restructure of Company
CECONOMY AG: CECONOMY resolves on reorganization and efficiency program

29-Apr-2019 / 18:31 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


The Management Board and Supervisory Board of CECONOMY AG (CECONOMY) as well as the Management Board and Advisory Board of Media-Saturn-Holding GmbH, a majority shareholding of CECONOMY, today approved a reorganization and efficiency program, which aims at streamlining the group's processes, structures and business activities, reducing costs and therefore creating the foundation for profitable growth. The optimization and restructuring particularly focuses on central functions and administrative units in Germany. The program also includes reviewing the business activities of smaller portfolio companies.

As a result of the program, CECONOMY expects expenses of around EUR150 million to EUR170 million in financial year 2018/19 in total. In addition, CECONOMY expects around EUR20 million of non-cash expenses in financial year 2018/19, which relate to the write-down of assets due to portfolio measures. The expected sustainable annual savings run-rate amounts to between EUR110 million and EUR130 million, the majority of which shall already become effective from financial year 2019/20.

The expenses for top management changes in the amount of EUR34 million, which were already booked in the first quarter of 2018/19, are not included in the expenses of the aforementioned reorganization and efficiency program.

The outlook for financial year 2018/19, which is adjusted for portfolio changes as well as expenses for management changes and restructuring, remains unaffected.
 

Person making the notification: Sebastian Kauffmann, Vice President Investor Relations, CECONOMY AG

29-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: CECONOMY AG
Benrather Straße 18-20
40213 Düsseldorf
Germany
Phone: +49 (0)211 5408-7223
Fax: +49 (0)211 5408-7005
E-mail: [email protected]
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: 804865

 
End of Announcement DGAP News Service

804865  29-Apr-2019 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=804865&application_name=news&site_id=boersengefluester_html


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 21.738,00 21.870,00 21.605,00 21.418,00 21.455,00 20.831,00 0,00
EBITDA1,2 663,00 719,00 636,00 650,00 465,00 991,00 0,00
EBITDA-Marge3 3,05 3,29 2,94 3,03 2,17 4,76 0,00
EBIT1,4 420,00 466,00 395,00 419,00 224,00 -80,00 0,00
EBIT-Marge5 1,93 2,13 1,83 1,96 1,04 -0,38 0,00
Jahresüberschuss1 136,00 152,00 1.153,00 -210,00 50,00 -211,00 0,00
Netto-Marge6 0,63 0,70 5,34 -0,98 0,23 -1,01 0,00
Cashflow1,7 333,00 1.569,00 758,00 684,00 86,00 1.166,00 0,00
Ergebnis je Aktie8 0,42 0,47 -0,41 -0,64 0,34 -0,66 0,34
Dividende8 1,00 1,00 0,26 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

INVESTOR-INFORMATIONEN
©boersengefluester.de
Ceconomy ST
WKN Kurs in € Einschätzung Börsenwert in Mio. €
725750 3,686 - 1.324,83
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
9,45 13,38 0,70 -184,30
KBV KCV KUV EV/EBITDA
1,79 1,14 0,06 3,22
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,00 0,00 0,00 17.02.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
09.02.2021 11.05.2021 12.08.2021 15.12.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-7,18% -21,27% -34,93% -10,10%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu CECONOMY AG  ISIN: DE0007257503 können Sie bei DGAP abrufen

Handel , 725750 , CEC , XETR:CEC