CECONOMY AG has closed the first quarter of the new financial year 2020/21 with a strong sales and earnings performance despite numerous COVID-19-related restrictions in stationary retail and local lockdowns in a number of countries. Based on preliminary figures, CECONOMY expects sales adjusted for currency and portfolio change effects to increase by around 11.4% for the first quarter of 2020/21. This positive sales development is mainly due to the strong start during the first two months, which were characterised by continued pleasing customer demand as well as successful promotions such as "Black November".