Ceconomy AG (CEC) Earnings Call Transcripts

Ceconomy AG's Latest Earnings Call - Q2 FY2026

In Q2 of fiscal year 2025-2026, Ceconomy AG reported revenue of EUR 13.1 billion, reflecting a 4% growth year-over-year, with adjusted EBIT increasing by EUR 43 million, marking a 14.2% rise for the half year. The company confirmed its guidance for the fiscal year, targeting an adjusted EBIT of around EUR 500 million. Management emphasized the success of their omnichannel strategy and customer loyalty initiatives, which have contributed to profitability despite a challenging retail environment.

Reported metrics

Guidance from management

Ceconomy confirmed its guidance for fiscal year 2025-2026, expecting a moderate increase in total sales and an adjusted EBIT of around EUR 500 million.

What management said

Yes, indeed, I will take the first one regarding Germany and the restructuring costs. Yes, we did quite some restructuring in the first half of the year in Germany. -- to make us for mid- and long-term scalable and viable. And of course, we always reviewed, as we always have said before, our store performance and where we see capabilities and opportunities. Do we plan for any additional store closures in the future? ...

Yes. And thank you. Also ask whether there are any delays in the acquisition by JD.com, let me repeat what I've just said. We remain confident in this acquisition process. And on the details, we've already cleared all merger -- clearances that we need or that JD.com needs according to the offer document. On FDI, as I said, we're now in constructive discussions with Austria, and we expect, in due course, the U.K., for...

What analysts pressed on

Analysts raised concerns about the soft consumer demand in the DACH region, questioning the potential for further store closures. Additionally, there were inquiries about the timeline and potential delays regarding the JD.com acquisition.

Main topics on the call

• Revenue Growth and Profitability — Ceconomy achieved a sales growth of 4% in H1, with Q2 showing a like-for-like growth of 4.8%. CEO Kai-Ulrich Deissner stated, "We're on course to reach our midterm targets," indicating strong operational performance.
• Customer Loyalty and Engagement — The company's loyalty program was recognized as #1 in the shopping category at the 2026 German bonus awards. Deissner noted, "Our active loyalty base grew by 26% year-on-year," highlighting the effectiveness of their cus...
• Omnichannel Strategy Success — Online sales grew by 7.3% in H1, with an online share of 28.5%. Deissner remarked, "This integration is our competitive advantage," underscoring the success of their omnichannel approach.
• Growth in Services & Solutions — Sales in the Services & Solutions segment increased by 12.5%, driven by warranty and insurance offerings. This growth is crucial as these segments carry higher margins.

Read the full Ceconomy AG transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 29 Ceconomy AG earnings call transcripts on record, spanning February 7, 2020 to July 30, 2026. Based on this history, Ceconomy AG reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CEC

Exchange

XTRA

Country

DE

Sector

Consumer Discretionary

Industry

Specialty Retail

Calls on record

29

First call

February 7, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly