Ceconomy : Q2 2022-23 profits slightly better, the trend might not be sustainable
>Turkey and offline drive better growth and profits - Yesterday, Ceconomy reported a sales increase of 6% y-o-y excluding FX to € 5.3bn for Q2 2022-23 (ending 31 March) in line with expectations. Sales growth by region: DACH grew 3% with Germany being strong, western/southern Europe was down 3% and eastern Europe rose 74% mainly on the back of price and volume-driven growth in Turkey. Online sales decreased 10% and the high-margin services and solutions business rose ...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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