EQS-Adhoc: CECONOMY AG: CECONOMY specifies outlook for the business year 2023/24
Source: EQS
EQS-Ad-hoc: CECONOMY specifies outlook for the business year 2023/24 CECONOMY continues to expect a slight increase in total sales adjusted for currency effects and portfolio changes across all segments. The outlook is adjusted for portfolio changes and does not take into account the earnings effects from companies accounted for using the equity method. Accounting effects of the application of IAS 29 in Türkiye as a hyperinflationary economy are likewise unaccounted for. It also does not include non-recurring effects, especially in connection with the simplification and digitalization of central structures and processes and changes in the legal environment. In the second quarter of 2023/24, based on preliminary figures, CECONOMY achieved a sales growth adjusted for currency and portfolio effects of 6.5 percent (like-for-like sales +5.1 percent). This resulted in a currency and portfolio-adjusted sales growth of 4.8 percent (like-for-like sales +3.9 percent) for the first half of 2023/24. The second quarter contributed as expected with The detailed results for Q2/H1 2023/24 will be published as planned on Explanations of the financial key figures used can be found in the annual report for the business year 2022/23 published on the company's website (see pages 32-35) at the following link: https://www.ceconomy.de/media/ceconomy_annual_report_2022_23_1.pdf Notifying person:
*Median of estimates from 7 analysts End of Inside Information
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Language: | English |
Company: | |
Kaistr. 3 | |
40221 Düsseldorf | |
Phone: | +49 (0)211 5408-7222 |
Fax: | +49 (0)211 5408-7005 |
E-mail: | fabienne.caron@ceconomy.de |
Internet: | www.ceconomy.de |
ISIN: | DE0007257503, DE0007257537, Weitere: www.ceconomy.de/de/investor-relations/ |
WKN: | 725750, 725753, Weitere: www.ceconomy.de/de/investor-relations/ |
Indices: | SDAX |
Listed: | Regulated Market in |
EQS News ID: | 1900865 |
End of Announcement |
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1900865 13-May-