CECONOMY AG Clarifies Business Year 2024/25 Forecast

CECONOMY AG has revised its outlook for the business year 2024/25. The company now anticipates an adjusted EBIT of approximately 375 million euros, surpassing analyst expectations of 366 million euros. This growth is primarily expected to be driven by the DACH and Western/Southern Europe segments.

The company predicts a moderate rise in total sales adjusted for currency effects and portfolio changes across all segments. The forecast excludes earnings from companies accounted for using the equity method and does not factor in the effects of IAS 29 in Türkiye, a hyperinflationary economy. Non-recurring effects linked to process simplification and digitalization, as well as legal environment changes, are also excluded.

In Q3 of 2024/25, CECONOMY reported a sales growth adjusted for currency and portfolio effects of 5.0%. For the nine months, sales growth was 5.5%, with the adjusted EBIT increasing by 56 million euros year-on-year to 258 million euros.