Ceconomy : Q1 slightly below, hurt by lockdown measures and supply chain issues
>Q1 2022 profits some 7% below consensus - Today, Ceconomy reported results for Q1 2022 (ending in December). Q1 sales decreased 7% y-o-y on a like-for-like basis to € 6,854m (cons: € 6,993m, ODDO BHF: € 6,959m), i.e. was 1-2% below consensus expectations and negatively affected by lockdown measures in Germany and Austria, supply chain disruptions and a cyberattack in November. Regions: DACH -11%, Western/Southern Europe -3%, Eastern Europe -3%. Channels: Offline was...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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