05.08.2020 CECONOMY AG  DE0007257503

DGAP-Adhoc: CECONOMY AG: CECONOMY AG confirms to evaluate the introduction of a group-wide standardized organizational structure


 

DGAP-Ad-hoc: CECONOMY AG / Key word(s): Strategic Company Decision
CECONOMY AG: CECONOMY AG confirms to evaluate the introduction of a group-wide standardized organizational structure

05-Aug-2020 / 12:22 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.


CECONOMY AG ("CECONOMY") confirms to evaluate the introduction of a group-wide standardized organizational structure ("Operating Model"), in order to lay important structural foundations for its ongoing strategic transformation and at the same time take into account the progressing centralization of the company. In particular, the focus is on a possible harmonization of structures and the introduction of standardized, efficient processes and procedures for the administrative functions in the country organizations of MediaMarktSaturn. In addition, consideration is being given to standardising the management structures in the stores throughout Europe in order to enable employees to focus as much as possible on the customer experience by reducing administrative tasks.

In view of declining customer frequencies as a result of the COVID-19 pandemic, the company is also considering the closure of loss-making stores across Europe to a limited extent.

According to the current planning status, the implementation of the potential measures could lead to
  • expenses totalling approximately € 180 million and
  • sustainable savings of slightly more than € 100 million per year.

In the event of a possible implementation of the new operating model, a total of up to 3,500 FTEs could be reduced, primarily in foreign European countries.

A decision on the implementation or the scope of the measures has not yet been taken. The respective bodies are scheduled to decide on this matter on 12 August 2020. The exact amount of the above-mentioned figures is therefore still open at this time.

Person making the notification: Stephanie Ritschel, Vice President Investor Relations, CECONOMY AG

05-Aug-2020 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
Kaistr. 3
40221 Düsseldorf
Germany
Phone: +49 (0)211 5408-7225
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: 1110485

 
End of Announcement DGAP News Service

1110485  05-Aug-2020 CET/CEST

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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 3,762 - 1.352,14
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
9,65 13,49 0,72 -188,10
KBV KCV KUV EV/EBITDA
1,82 1,16 0,06 3,25
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
-6,00% -19,96% -33,59% -6,37%
    
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Handel , 725750 , CEC , XETR:CEC