Report
Andreas Riemann

Ceconomy : Roadshow feedback – the focus is on improving profitability

>Narrowing the margin gap to peers in the mid term? - We hosted a virtual roadshow with Ceconomy’s CEO Dr. Karsten Wildberger and international investors. The most relevant messages were that: 1/ price increases are expected to protect profitability while visibility related to product availability remains limited; 2/ there is still material scope to improve operating margins; 3/ the Convergenta transaction is complete and should allow for faster decision making as wel...
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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