DUESSELDORF (dpa-AFX) - Ceconomy AG (MTAGF.PK, MTTRY.PK), a German consumer
electronic firm, reported preliminary sales growth adjusted for currency and
portfolio effects of 6.5 percent in the second quarter of 2023/24. Like-for-like
sales growth was 5.1 percent.

The second quarter contributed with 5 million euros to the adjusted EBIT, which
is an increase of 26 million euros compared to the previous year.

Looking ahead for the business year 2023/24, the company expects an adjusted
EBIT to be between 290 million euros and 310 million euros. This surpasses
analysts' expectations of 273 million euros. This increase is expected to be
primarily driven by the Western/Southern Europe segment. Previously, the company
had expected a clear improvement in adjusted EBIT resulting from the DACH and
Western/Southern Europe segments.

The company continues to expect a slight increase in total sales adjusted for
currency effects and portfolio changes across all segments.



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