Ceconomy : Profits to grow in 2023-24, but operating margin to remain at 1%
>Final FY 2022-23 profits in line - In October, Ceconomy already provided preliminary results for Q4/FY 2022-23. In Q4 (ending September), sales increased 4% y-o-y on a like-for-like basis to € 5.3bn, mainly due to Eastern Europe and Turkey. DACH was down 2%. The company says that this was impacted by dampened consumer sentiment in most countries and a softer back to school period. Moreover, Ceconomy speaks about high demand for entertainment products, particularly fo...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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