From Nasdaq, Inc.:

Ceconomy AG reported an 8% increase in first-quarter adjusted operating earnings to 248 million euros and a slight drop in sales to 7.0 billion euros. The company experienced high customer demand during the Black Friday and Christmas periods, with online sales rising slightly to 1.8 billion euros, accounting for 26.4% of total sales. Looking ahead, Ceconomy expects a slight increase in total sales and a clear improvement in adjusted EBIT for fiscal 2024, with all segments contributing to sales growth. CEO Karsten Wildberger is positive about achieving the company’s future renewal goals.



Read more: Ceconomy Q1 Adj. EBIT Rises, Sales Down; Confirms Positive Outlook For FY24