Report
Andreas Riemann

Ceconomy : Q4 due 26 October – Not as bad as feared, but recovery in 2023 unlikely

>Q4 2022 not as bad feared, EBIT to surprise positively - Ceconomy will report Q4 2022 results on 26 October. We forecast sales to be flat in Q4 with organic growth of roughly 2%. This implies decelerating momentum compared with Q3 (sales up 7%) particularly in the DACH and West/South Europe regions. However, the slowdown was not as bad as feared following the company’s sales and profit warning in July this year. Adjusted EBIT should amount to € 92m, implying a margi...
Underlying
CECONOMY AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Andreas Riemann

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