Ceconomy : FY 2023-24 preliminary results a notch above
>Some 5% like-for-like and slightly better adjusted EBIT - Ceconomy sales for FY 2023-24 (ending Sep) increased 5.3% y-o-y on a like-for-like basis to € 22.4bn (consensus: € 22.4bn, ODDO BHFe: € 22.4bn). We think this was driven by Eastern Europe and West/South Europe while DACH was probably tough. For Q4 this implies like-for-like growth of 4.5% and Ceconomy speaks about a good performance for the categories IT, phones, wearables, but weak demand for software and g...Metro is a holding company. Through its subsidiaries, Co. is engaged in retail and wholesale. Co.'s operations are divided into four divisions: Metro Cash & Carry, Real, Media-Saturn and Galeria Kaufhof. The Metro Cash & Carry division operates in the cash and carry sector in Europe, Asia and Africa. The Real division is a hypermarket operator in Germany where it operates both stationary stores and an online store. The Media-Saturn division provides an assortment of brand products in consumer electronics retailing. The Galeria Kaufhof division operates department stores in Germany and Belgium. Co. is also a property manager through METRO PROPERTIES GmbH & Co. KG.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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