Ceconomy continues growth in transitional year | RetailDetail

Ceconomy continues growth in transitional year

Ceconomy continues growth in transitional year

Ceconomy, a former part of German Metro Group, achieved a 4.6 % fourth quarter turnover increase to 5.264 billion euro. Media Market’s parent company mainly made strides online.

Online grows a fifth

There was a 5.8 % like-for-like turnover increase compared to the year before, with the largest growth in the DACH region (+ 7.2 %). Eastern Europe dropped 2.9 %, but the rest of Europe posted a 6.3 % increase. “We can see that Ceconomy is on the right track, despite this is a transitional year in which we became an independent company. We are well positioned to have a leading position through the European consumer electronics market’s changes”, CEO Pieter Haas said.


There was a 21 % online surge for Ceconomy. If one ignores the firm’s pure players, there was even a 39 % increase. 44 % of the online orders are picked up at stores.


It also opened thirteen new stores in the fourth quarter and shut down one, leaving it with 1,053 stores in total. The average store size did shrink 3.4 % to 2,811 sqm.


For its full fiscal year, turnover grew 1.3 % to 22.2 billion euro, with a 1.9 % like-for-like turnover increase. Ceconomy will publish its full fiscal results on 19 December.

Questions or comments? Please feel free to contact the editors

Gerelateerde items

Burberry sales increases thanks to new strategy


The new strategy of the British fashion brand Burberry starts to render: the company had a 3% increase of revenue in their own stores last quarter. In total, Burberry has now a revenue of 479 million pounds (520 million euros).

Snacks boost Pepsico’s sales


Snack and beverage giant Pepsico has recorded a slight revenue growth of 2.4 % in the second quarter of this year. Net profit however went 14 % lower, due to rising taxes.

Profits H&M Group take another hit


Swedish fashion group Hennes & Mauritz has published a fourth consecutive quarterly turnover that was lower than expectations. The group that owns chains like COS, Monki and &Other Stories saw its profit drop by 21 %, despite a (slightly) higher turnover.

Hema sees growth in online and Germany


Dutch Hema has raised its quarterly turnover by 2.8 % to 291.4 million euro and halved its net loss to 6 million euro, as a result of a strong growth online and offline. The retailer focuses on Germany as a target for future expansion plans.

Ceconomy sells its Russian division


Ceconomy, MediaMarkt's parent company, has sold its onerous Russian division to local electronics chain M.video. The German electronics giant does not quit Russia altogether however, as it continues as shareholder of M.video.

Colruyt Group beats expectations


A solid holiday season allowed Belgian Colruyt Group to raise its market share and even keep its profit margins at the same level - contrary to expectations. The company also posted another online growth, meaning online is now worth 370 million euro.