Marketplace is growth engine for MediaMarkt owner Ceconomy

Key strategic growth pillars such as services, retail media and the marketplace are helping Ceconomy put up strong numbers ahead of its acquisition by Chinese e-commerce company JD.com.

Omnichannel approach works

The group behind electronics retailers MediaMarkt and Saturn saw sales and profitability grow in the first nine months of its financial year 2024/25. In the third quarter, sales rose 5.1 % to 4.8 billion euros; over the first three quarters, growth was even 5.5 % (to 17.6 billion). For those nine months, adjusted gross profit (EBIT) rose 27.8 % to 258 million, following a tenth consecutive quarterly improvement.