DGAP-Adhoc

CECONOMY AG updates outlook for financial year 2020/21 - Seite 2

In addition, CECONOMY now expects adjusted EBIT between €210 million and €250 million for financial year 2020/21 (2019/20: €236 million). Overall, a heterogeneous development is expected among the segments, with the earnings development in the DACH segment, which was impacted by the long lockdown, shaping the Group result.

The outlook is adjusted for portfolio changes and does not take into account the earnings effects from companies accounted for using the equity method. Non-recurring earnings effects in connection with COVID-19-related store closures and the introduction of a harmonised group-wide organisational structure ("Operating Model") announced on 12 August 2020 are not included. Expenses in connection with the transaction announced on 14 December 2020 regarding the acquisition of the minority shareholding in MediaMarktSaturn as well as the reorganisation and simplification of the shareholder structure are also not taken into account.

Financial ratios: Further background regarding the financial ratios referred to may be found on pages 28 to 30 of the annual report for financial year 2019/20 published on the company's homepage, accessible via the following link:
https://www.ceconomy.de/media/ceconomy_annual_report_2019_20.pdf

Person making the notification: Stephanie Ritschel, Vice President Investor Relations, CECONOMY AG

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11-Aug-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language:	English
Company:	CECONOMY AG
	Kaistr. 3
	40221 Düsseldorf
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.ceconomy.de
ISIN:	DE0007257503, DE0007257537, Weitere: www.ceconomy.de/de/investor-relations/
WKN:	725750, 725753, Weitere: www.ceconomy.de/de/investor-relations/
Indices:	SDAX
Listed:	Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1225814