11.11.2020 CECONOMY AG  DE0007257503

DGAP-News: CECONOMY COVID-19 Business Update - Vast majority of MediaMarkt and Saturn stores remain open


 

DGAP-News: CECONOMY AG / Key word(s): Miscellaneous
CECONOMY COVID-19 Business Update - Vast majority of MediaMarkt and Saturn stores remain open (news with additional features)

11.11.2020 / 17:48
The issuer is solely responsible for the content of this announcement.


COVID-19 BUSINESS UPDATE - VAST MAJORITY OF MEDIAMARKT AND SATURN STORES REMAIN OPEN

Düsseldorf, 11 November 2020

  • Vast majority (92%) of MediaMarkt and Saturn stores remain open as of today
  • Excellent sales development in October, which noticeably accelerated compared to Q4, also supported by successful pre-season campaigns and strong online activities
  • Despite increasing restrictions and local lockdowns, sales momentum continued in November - but uncertainties remain

CECONOMY AG ("CECONOMY") today issues a business update, following the lockdown restrictions put in place over the last weeks, to curb the spread of the coronavirus (COVID-19) in several of its countries. In compliance with the prescribed hygiene and safety standards, the vast majority (92%) of all MediaMarkt and Saturn stores across Europe remain open as of today. Belgium is the only country where all physical stores are temporarily closed. In Poland, stores located in shopping centers are also currently closed. In both countries, stores remain open as pick-up points for online orders, to return or exchange products or request repairs. In few other countries, opening hours are restricted (e.g. in Austria and also affecting stores located in shopping malls in Italy during weekends) and capacity restrictions partly apply (e.g. in Germany).

During the first COVID-19-related lockdown, CECONOMY had shown a resilient performance and demonstrated that it can react fast to fundamentally changing conditions. Also, the Group's online platforms managed the massive surge in traffic very well without any disruptions. In response to the second wave, CECONOMY's continued priority is to protect the health and safety of its employees and customers. At the same time, the company is implementing the contingency plans developed to manage the consequences of the restrictions and closures.

To mitigate the risks of potentially stricter lockdowns and store closures during the crucial peak trading period, CECONOMY has started to stretch out the period and already executed some tactical pre-Black Friday campaigns. During this period, the company's focus is also more geared towards online than ever before. This will also help to control store traffic more effectively. As a result, sales performance in October was very strong across all countries. Despite increasingly stricter social distancing guidelines and local lockdowns, on a Group level, sales momentum has also continued to date in November. Overall, CECONOMY is well prepared to cope with these short-term uncertainties.


Contact

CECONOMY AG
Kaistr. 3
40221 Düsseldorf, Germany

Investor Relations

Telephone +49 (0) 211-5408-7222
Email [email protected]
Website https://www.ceconomy.de/en/investor-relations/

Disclaimer

To the extent that statements in this document do not relate to historical or current facts, they constitute forward-looking statements. All forward-looking statements herein are based on certain estimates, expectations and assumptions at the time of publication of this document and there can be no assurance that these estimates, expectations and assumptions are or will prove to be accurate. Furthermore, the forward-looking statements are subject to risks and uncertainties including (without limitation) future market and economic conditions, the behaviour of other market participants, investments in innovative sales formats, expansion in online and multichannel sales activities, integration of acquired businesses and achievement of anticipated cost savings and productivity gains, and the actions of public authorities and other third parties, many of which are beyond our control, that could cause actual results, performance or financial position to differ materially from any future results, performance or financial position expressed or implied in this document. Accordingly, no representation or warranty (express or implied) is given that such forward-looking statements, including the underlying estimates, expectations and assumptions, are correct or complete. Readers are cautioned not to place reliance on these forward-looking statements.

This document is intended for information only, does not constitute a prospectus or similar document and should not be treated as investment advice. It is not intended as an offer for sale, or as a solicitation of an offer to purchase or subscribe to, any securities in any jurisdiction. Neither this document nor anything contained therein shall form the basis of, or be relied upon in connection with, any commitment or contract whatsoever. Historical financial information contained in this document is mostly based on or derived from the consolidated (interim) financial statements for the respective period. Given the aforementioned uncertainties, (prospective) investors are cautioned not to place undue reliance on any of this information. No representation or warranty is given and no liability is assumed by CECONOMY AG, express or implied, as to the accuracy, correctness or completeness of the information contained in this document.


Additional features:

File: COVID-19 Business Update - Vast majority of MediaMarkt and Saturn stores remain open


11.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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: 1147462

 
End of News DGAP News Service

1147462  11.11.2020 

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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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