Added to YB: 2025-02-18
Pitch date: 2025-02-14
CEC.DE [neutral]
Ceconomy AG
+38.8%
current return
Author Info
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Company Info
Ceconomy AG, together with its subsidiaries, engages in the consumer electronics retail business. It operates stores under the MediaMarkt and Saturn brands.
Market Cap
EUR 1.6B
Pitch Price
EUR 3.24
Price Target
N/A
Dividend
N/A
EV/EBITDA
1.75
P/E
20.50
EV/Sales
0.07
Sector
Specialty Retail
Category
growth
Ceconomy (CEC) Strong holiday quarter, but growth expected to cool off
CEC.DE (overview): Q1 sales +8% YoY to €7.57B, beating expectations. Strong in E. Europe (+27%), Germany, Spain, Austria, Italy. Online +16%, Services +23%. EBIT €279M, FCF €1.5B. Margin dip on promos offset by cost control. Expect normalized growth, improving margins. Gaining German market share but challenges in Switzerland, Poland.
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