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, advertising, online stores, live shopping, and shopping portal services. Ceconomy also provides installation, maintenance, repair, and assembly services for electronic appliances. 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, Portugal, Spain, Switzerland, Belgium, Greece, Italy, Germany, Austria, Poland, Sweden, Luxembourg, and Turkey. Ceconomy is headquartered in Dusseldorf, North Rhine-Westphalia, Germany.
Headquarters
Germany
Address
Kaistr. 3, Duesseldorf, Nordrhein-Westfalen, 40221
Website
www.ceconomy.de
Telephone
49 211 54087000
No of Employees
41,365
Industry
Retailing
Ticker Symbol & Exchange
CEC (ETR)
Revenue (2022)
$23.4B
2.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-131%
(2022 vs 2021)
Market Cap*
$1.2B
Net Profit Margin (2022)
XYZ
-131.0%
(2022 vs 2021)
* As of and is in US$
Ceconomy AG premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Consumer Electronics | Online Music Streaming Service |
| 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 |
|---|---|---|
| 2023 | Contracts/Agreements | In April, MediaMarktSaturn entered into an agreement with Fnac Darty to sell Portuguese operations. |
| 2023 | Plans/Strategy | In February, the company announced its plans to sell 24% stake in Fnac Darty to Daniel Kretinsky. |
| 2022 | Acquisitions/Mergers/Takeovers | In May, the company acquired remaining stake in Media-Saturn-Holding (MSH). |
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 | Paris | Richfield | London |
| State/Province | Nordrhein-Westfalen | Washington | Ile-de-France | Minnesota | England |
| No. of Employees | 41,365 | 1,525,000 | 305,309 | 90,000 | 28,174 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Karsten Wildberger | Chief Executive Officer; Director - Labour | Senior Management | 2021 | 54 |
| Kai-Ulrich Deissner | Chief Financial Officer | Senior Management | 2023 | 55 |
| Thomas Dannenfeldt | Chairman | Non Executive Board | 2021 | 57 |
| Erich Schuhmacher | Director | Non Executive Board | 2023 | 56 |
| Julian Norberg | Director | Non Executive Board | 2023 | 40 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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