Q3 2025 CECONOMY AG Earnings Call Transcript
Key Points
- Ceconomy AG (MTAGF) reported a 5.1% increase in sales for Q3, with a like-for-like growth of 4.4%.
- The company achieved its 10th consecutive quarter of year-on-year adjusted EBIT growth, improving by EUR20 million.
- Ceconomy AG (MTAGF) has successfully expanded its loyalty program, reaching 50 million members ahead of schedule.
- The company has introduced same-day delivery for bulky items in the Netherlands and expanded its 19-minute delivery service to five countries.
- Ceconomy AG (MTAGF) has made significant progress in its Retail Media and Marketplace businesses, contributing to profitability and gross profit growth.
- The DACH region, particularly Germany, experienced a decline in sales with a negative like-for-like growth of 2.6%.
- Consumer demand in the DACH region remains soft, impacting overall sales performance.
- The company faced challenges in the Netherlands, where marketing campaigns were less effective than expected.
- Ceconomy AG (MTAGF) recorded EUR47 million in nonrecurring items, impacting reported EBIT.
- The company is dealing with regulatory approvals for its partnership with JD.com, which may take time to finalize.
Ladies and gentlemen, thank you for standing by. Welcome to the Ceconomy Q3 and nine months results webcast and conference call. (Operator Instructions) Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Fabienne Caron, Head of Investor Relations. Please go ahead.
Thank you, Sharon. Welcome, everyone, and a very good morning to you all. We're excited to present our Q3 results today, and I'm joined by our CEO, Dr. Kai-Ulrich Deissner and our CFO Remko Rijnders.
Just a brief note before we explore our performance. Please be aware that we'll be discussed in certain forward-looking statements. For more information, please refer to our disclaimer, and you'll also find the full presentation available on our website. This call is being recorded and will be posted on the website later today for your reference.
With that, I'm delighted to pass the call over to Kai, who will guide us through the key
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