Q3 2024 CECONOMY AG Earnings Call Transcript
Key Points
- Ceconomy AG (MTTRY) achieved its sixth consecutive quarter of growth, demonstrating consistent performance.
- The company gained market share in 10 out of 11 countries, indicating strong competitive positioning.
- Customer experience improvements, such as easier search for refurbished products and the opening of a green pop-up store, have been well-received.
- Financially, Ceconomy AG (MTTRY) successfully extended its debt maturity profile, enhancing financial stability.
- The company reported a significant increase in adjusted EBIT and a new high in Net Promoter Score (NPS), reflecting improved profitability and customer satisfaction.
- The Italian market remains challenging, with Ceconomy AG (MTTRY) experiencing a slight decline in market share.
- Despite improvements, the DACH region (Germany, Austria, Switzerland) still faces sales declines in Germany and Switzerland.
- The slowdown in the Turkish market has led to intensified price competition, impacting profitability.
- The company's reported EPS remains negative, indicating ongoing challenges in achieving overall profitability.
- There was a technical reallocation of personnel costs from operating expenses to cost of goods sold, which may complicate financial comparisons.
Good morning, everyone, and welcome to our Q3 results presentation. On the call today are Karsten Wildberger, our CEO; and Kai-Ulrich Deissner, our CFO.
During today's call, we will be making certain forward-looking statements. So please refer to the disclaimer for more information. Let me as well remind you that you can find the presentation slides on our website. Please note as well that this call is being recorded and the recording will be made available on our website later today.
With that said, I will now turn the call over to Karsten.
Thank you, Fabienne, and good morning, everyone. Thank you for joining today's call, also, during the holiday period. Together with our CFO, Kai Deissner, I would like to update you on our Q3 results today.
Before we go into the details, let me summarize important takeaways of today's call. Firstly, we've kept our
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
