Press Releases

CECONOMY AG achieves targets in the financial year 2016/17 and plans further growth

12/19/2017

  • Sales in FY 2016/17 increased by 1.3% year-on-year to €22.2 billion, mainly driven by growth in online/mobile and services Business 
  • EBIT before special items increased by around €6 million to €471 million
  • Dividend proposal of €0.26 per ordinary share 
  • Clear growth targets for sales, EBITDA and EBIT in FY 2017/18 
  • CEO Pieter Haas: "CECONOMY is by far the number one in the European CE industry and has further expanded this position in the past year. We are ready for the future and in an excellent position to take advantage of the opportunities presented by the fundamental transformation of the CE industry."

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.

For further information, please see the press release.