Ceconomy AG/€CEC

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About Ceconomy AG

Ceconomy AG operates as a retail company within the consumer electronics sector. The business manages well-known German retail brands such as MediaMarkt and Saturn, which together form one of the largest electronics retail chains in Europe. Headquartered in Düsseldorf, Germany, Ceconomy AG's core services include the sale of consumer electronics, domestic appliances, and the provision of related services such as repairs and installations. The company has a significant presence across several European countries, focusing on leveraging its extensive network and customer relationships. Ceconomy AG positions itself through a combination of competitive pricing, diverse product offerings, and enhancing customer experience through digital transformation initiatives.
Ticker
€CEC
Sector
Consumer Discretionary
Primary listing
XETRA
Employees
39,519
Headquarters
Düsseldorf, Germany
Website
www.ceconomy.de

Ceconomy AG Metrics

BasicAdvanced
€1.9B
-
-€0.03
1.67
-

Bulls say / Bears say

Ceconomy is showing strong current operating momentum: nine-month FY2025/26 revenue increased 5% to €18.4 billion and adjusted EBIT rose 22% to €342 million, marking the 14th consecutive quarter of growth. (Ceconomy)
The business is successfully broadening beyond low-margin product retail. In Q3, online sales grew 18.3%, while Retail Media, Marketplace and Services & Solutions were identified as key growth drivers that can improve mix and scalability. (Ceconomy)
Management has established a credible medium-term platform-growth thesis, targeting approximately €24 billion of sales, €800 million of adjusted EBIT and €300 million of free cash flow by FY2028/29; additionally, S&P upgraded Ceconomy’s standalone credit rating from BB- to BB in April 2026. (Ceconomy)
The proposed JD.com takeover remains a material execution and valuation risk: the European Commission opened an in-depth foreign-subsidy investigation and later issued formal objections, creating uncertainty around timing, remedies and completion. (Reuters)
Cash generation has not yet matched the improvement in reported operating profit: Ceconomy said nine-month free cash flow was only at the prior-year level despite adjusted EBIT rising 22%, leaving less room for deleveraging or shareholder returns. (Ceconomy)
The company’s growth targets remain demanding in a structurally competitive market. Ceconomy is targeting adjusted EBIT of €800 million by FY2028/29, while industry data cited by Reuters indicates German consumer-electronics sales are expected to contract again in 2026. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 10 Sept 2026.

Funds containing Ceconomy AG

AllGBPEUR
Funds
Fund name
Fund size
€CEC weighting
Vanguard ESG Global All Cap£V3AB
£905M0.00%
Vanguard ESG Global All Cap€V3AA
€1.1B0.00%
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Market data provided by CBOE Europe and Deutsche Börse.