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MarketScreener Homepage  >  Equities  >  Xetra  >  Ceconomy    CEC   DE0007257503

CECONOMY

(CEC)
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Ceconomy : Germany's Ceconomy Appoints New Temporary CEO

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10/18/2019 | 01:34am EST

By Pietro Lombardi and Kim Richters

Germany's Ceconomy AG (CEC.XE) said late Thursday that its supervisory board has appointed a new chief executive after the board and current CEO Joern Werner "decided by mutual agreement" to part ways immediately.

Mr. Werner had only been serving as CEO since March. He is replaced by Supervisory Board Member Bernhard Duettmann, whose appointment is for 12 months.

Chairman Juergen Fitschen thanked the outgoing CEO. "With regard to managing the company, however, there are different views between him and the Supervisory Board, so that the separation is a logical step," he said.

The management board of the company now consists of the new CEO and Chief Financial Officer Karin Sonnenmoser.

The retailer, known for its electronic retail brands and stores MediaMarkt and Saturn, said "there is no indication" that it will miss its outlook.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com and Kim Richters at kim.richters@wsj.com

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Financials (EUR)
Sales 2019 21 518 M
EBIT 2019 405 M
Net income 2019 100 M
Finance 2019 724 M
Yield 2019 0,82%
P/E ratio 2019 18,4x
P/E ratio 2020 7,82x
EV / Sales2019 0,04x
EV / Sales2020 0,04x
Capitalization 1 644 M
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Technical analysis trends CECONOMY
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 5,54  €
Last Close Price 4,58  €
Spread / Highest target 59,6%
Spread / Average Target 21,0%
Spread / Lowest Target -1,64%
EPS Revisions
Managers
NameTitle
Jörn Hanfried Werner Chief Executive Officer
Jürgen Fitschen Chairman-Supervisory Board
Karin Sonnenmoser Chief Financial Officer
Jürgen Schulz Deputy Chairman-Supervisory Board
Karin Dohm Independent Member-Supervisory Board
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