Q1 2026 CECONOMY AG Earnings Call Transcript
Key Points
- Ceconomy AG (MTTRY) achieved a record online share of 30%, indicating successful transformation into an omni-channel retailer.
- The company reported a record Net Promoter Score (NPS) of 61, reflecting high customer satisfaction and trust.
- Sales grew by 3.4% to EUR 7.6 billion, with profitability increasing for the 12th consecutive quarter.
- The company's growth businesses, such as Services & Solutions and Retail Media, showed significant momentum, contributing to long-term profitability.
- Ceconomy AG (MTTRY) reported strong free cash flow of EUR 1.4 billion, indicating robust financial health.
- Sales in the DACH region (Germany and Austria) declined by 2.9% due to intense competition and cautious consumer spending.
- The company faced softer demand in Germany and Austria, highlighting regional challenges.
- Despite overall growth, the retail environment remains highly competitive and volatile, posing ongoing challenges.
- The company is still awaiting a concrete offer regarding shares from Mr. Kretinsky, indicating uncertainty in shareholder decisions.
- There is a need for continued cost management, particularly in the DACH region, to maintain profitability amidst market challenges.
Ladies and gentlemen, thank you for standing by. Welcome to the CECONOMY Q1 2025 -- 2026 results conference call.
(Operator Instructions)
Please be advised that today's conference is being recorded.
I will now hand over to Fabiennene Caron, Vice President, Investor Relations & Communications. Please go ahead.
Thank you. Good morning, everyone, and welcome to our Q1 results.
I'm joined today by our CEO, Dr. Kai-Ulrich Deissner and our CFO, Remko Rijnders.
Before we begin, a brief reminder. Today's discussion will include forward-looking statements. Please refer to the disclaimer in the presentation for important information. This call is being recorded and the recording will be available on our website later today.
With that, I'm pleased to hand over to Kai to walk you through the key highlights. Kai, over to you.
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