Brief: Ceconomy Expects Moderate Increase In Total Sales Adjusted For Currency Effects
16/07/2025 06:58
July 16 (Reuters) - Ceconomy AG CECG.DE: CECONOMY OUTLOOK FY ADJUSTED EBIT EUR 375 MILLION OUTLOOK IS ADJUSTED FOR PORTFOLIO CHANGES AND DOES NOT TAKE INTO ACCOUNT EARNINGS EFFECTS FROM COMPANIES ACCOUNTED FOR USING EQUITY METHOD EXPECT A MODERATE INCREASE IN TOTAL SALES ADJUSTED FOR CURRENCY EFFECTS AND PORTFOLIO CHANGES ACROSS ALL SEGMENTS CONTINUES TO EXPECT A MODERATE INCREASE IN TOTAL SALES ADJUSTED FOR CURRENCY EFFECTS AND PORTFOLIO CHANGES ACROSS ALL SEGMENTS Q3 SALES GROWTH ADJUSTED FOR CURRENCY AND PORTFOLIO EFFECTS OF 5.0 PERCENT (LIKE-FOR-LIKE SALES +4.4 PERCENT) IN FIRST NINE MONTHS, ADJUSTED EBIT REACHED EUR 258 MILLION CECONOMY AG - ADJUSTED EBIT FOR Q3 INCREASED BY EUR 20 MILLION YEAR-ON-YEAR, REACHING -EUR 31 MILLION AS EXPECTED. ACCOUNTING EFFECTS OF APPLICATION OF IAS 29 IN TÜRKIYE AS A HYPERINFLATIONARY ECONOMY ARE LIKEWISE UNACCOUNTED FOR. INCREASE IN EBIT IS EXPECTED TO BE PRIMARILY DRIVEN BY DACH AND WESTERN/SOUTHERN EUROPE SEGMENT Source text: ID:nEQ8X94JMa Further company coverage: CECG.DE (Gdansk Newsroom) ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))