MediaMarkt and Saturn parent company Ceconomy DE0007257503 is becoming more optimistic for the current financial year.

Adjusted earnings before interest and taxes (EBIT) in 2024/25 are expected to be around €375 million, the company announced in Düsseldorf on Wednesday. Ceconomy thus exceeds current analyst expectations of €366 million. The German-speaking regions (Dach) and Western/Southern Europe in particular are expected to contribute to this increase. Ceconomy has previously forecast a "significant" increase of at least ten percent. Last year, Ceconomy achieved adjusted EBIT of €305 million. Currency- and portfolio-adjusted sales, however, are expected to continue to grow "moderately" in 2024/25.

According to preliminary figures, corresponding sales increased by five percent in the third quarter (ending June), and 4.4 percent on a like-for-like basis. Ceconomy was able to reduce its operating losses. Adjusted EBIT improved by €20 million to minus €31 million. In the first nine months, adjusted EBIT increased by €56 million year-on-year to €258 million.