Duesseldorf, 19 December 2017 - CECONOMY AG has achieved its targets in the financial year 2016/17 (as of 30 September 2017) and plans further growth. In the financial year 2017/18, CECONOMY expects a slight increase in total sales and increases in EBITDA and EBIT in at least the mid-single-digit percent range. The Company also made good progress with the implementation of the strategic agenda. This enabled CECONOMY to further strengthen its position as the leading consumer electronics platform in Europe in its first year of independence. In view of the good performance, CECONOMY intends to propose a dividend of €0.26 per ordinary share to the Annual General Meeting, which corresponds to a pay-out ratio of 45% of the Earnings per Share.
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