Shares of Ceconomy AG (MTAGF.PK,MTTRY.PK) were gaining around 8 percent in the morning trading in Germany after the consumer electronics retailer reported a profit in its fiscal 2024, compared to prior year's loss, on sales growth. The company also said it projects growth ahead, and is well on track to meet its medium-term targets.
For fiscal 2024, net profit was 77 million euros, compared to prior year's loss of 37 million euros. Earnings per share were 0.16 euro, 0.24 euro higher than last year. Adjusted earnings per share were 0.22.
Adjusted EBIT rose 26 percent to 305 million euros from 243 million euros a year ago.
Sales grew 5.3 percent from last year to 22.4 billion euros from last year's 22.2 billion euros, with growth in all four quarters.
Looking ahead, the company projects moderate increase in currency and portfolio-adjusted total sales, with contribution from all segments. The company further projects significant increase in adjusted EBIT, driven by DACH and Western/Southern Europe.
On the XETRA, Ceconomy shares were trading at 3.1740 euros, up 7.52 percent.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.