Ceconomy AG - Company Profile
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Ceconomy AG (Ceconomy) is a retailer of consumer electronics. The company provides platforms for companies, brands, and concepts in the consumer electronics industry. It provides music streaming, live shopping, advertising, online stores, and shopping portal services. Ceconomy also provides installation, maintenance, repair, and assembly services for electronic appliances. It offers a broad portfolio of services, including insurance, repairs, installation, mobile communications, and sustainability services. The company’s private label brands include Koenic, ISY, PEAQ, and ok. The company operates its retail business under the banners MediaMarkt, and Saturn. It sells products through physical stores, e-commerce platforms, and mobile apps. The company has operations in Hungary, the Netherlands, Greece, Italy, Portugal, Spain, Switzerland, Belgium, Germany, Austria, Poland, Sweden, Luxembourg, and Turkey. Ceconomy is headquartered in Dusseldorf, North Rhine-Westphalia, Germany.
Headquarters
Germany
Address
Kaistrasse 3, Duesseldorf, Nordrhein-Westfalen, 40221
Website
www.ceconomy.de
Telephone
49 211 54087000
No of Employees
40,682
Industry
Retailing
Ticker Symbol & Exchange
CEC (ETR)
Revenue (2024)
$25.0B
2.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-146.1%
(2024 vs 2023)
Market Cap*
$2.2B
Net Profit Margin (2024)
XYZ
-144.1%
(2024 vs 2023)
* As of and is in US$
Ceconomy AG premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| -- | Online Music Streaming Service |
| Consumer Electronics | Digital Platforms |
| Advertising | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Stake Sale | In December, the company sold its 85.2% stake to JD.com. |
| 2024 | Contracts/Agreements | In June, MediaMarktSaturn entered into an agreement with the Migros Group taking over 20 Melectronics locations in Switzerland. |
| 2023 | Contracts/Agreements | In April, MediaMarktSaturn entered into an agreement with Fnac Darty to sell Portuguese operations. |
Competitor Comparison
| Key Parameters | Ceconomy AG | Amazon.com Inc | Carrefour SA | Best Buy Co Inc | Currys plc |
|---|---|---|---|---|---|
| Headquarters | Germany | United States of America | France | United States of America | United Kingdom |
| City | Duesseldorf | Seattle | Massy | Richfield | London |
| State/Province | Nordrhein-Westfalen | Washington | Ile-de-France | Minnesota | England |
| No. of Employees | 40,682 | 1,576,000 | 298,604 | 82,000 | 24,441 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Christoph Vilanek | Chairman | Executive Board | 2025 | 58 |
| Remko Rijnders | Chief Executive Officer | Senior Management | 2026 | 48 |
| Jan Niclas Brandt | Chief Customer Officer | Senior Management | 2026 | - |
| Jurgen Schulz | Deputy Chairman | Executive Board | - | 65 |
| Sylvia Woelke | Director | Non Executive Board | 2018 | 48 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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