Ceconomy : Q4 2022 prelims better than feared
>All regions are growing in Q4 except for DACH - In Q4 2022 (ending September), sales increased 4% y-o-y on a like-for-like basis to € 5.24bn (consensus: € 4.87bn, ODDO BHFe: € 5.16bn) and were thus 8% above the consensus driven by West/South Europe (up 5%) and East Europe while DACH sales (down 2%) decreased. Other highlights: Online sales grew 6% and Services and Solutions was up 23%. Adjusted EBIT came in at € 98m (consensus: € 74m, ODDO BHFe: € 92m), i.e. 30% abov...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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