DGAP-Ad-hoc: CECONOMY AG / Key word(s): Forecast 
CECONOMY AG updates outlook for financial year 2020/21 
11-Aug-2021 / 17:35 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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Almost the entire current financial year 2020/21 of CECONOMY AG ("CECONOMY") was impacted by the COVID-19 pandemic. 
Prolonged temporary store closures and further restrictions in brick-and-mortar retail led to a significant impact on 
the business, particularly in the core market Germany: here, stores were not able to fully reopen until June 2021 - 
after nearly six months of closures and severe restrictions. 
Thanks to sustained high customer demand for consumer electronics in countries less affected by COVID-19 restrictions 
and strong growth in the online business, CECONOMY increased its currency- and portfolio-adjusted sales by 5.4 percent 
year-on-year in the first nine months of financial year 2020/21. In the same period, adjusted EBIT came in at ?106 
million and was only ?7 million lower than in the previous year (9M 2019/20: ?113 million). 
Based on the business performance to date and the current insights, particularly with regards to catch-up effects and 
customer behavior since the reopening of stores, the Management Board of CECONOMY is now updating its outlook for 
current financial year 2020/21 following the suspension of the outlook on 11 February 2021. Uncertainties regarding 
further pandemic developments remain, also in light of the volatility of regulatory measures. The outlook is therefore 
based on the assumption that there will be no new restrictions from the COVID-19 pandemic in the remainder of the 
financial year that will again impact the stationary business. 
For financial year 2020/21, CECONOMY now expects a slight to moderate increase in total sales adjusted for exchange 
rate effects compared to the previous year (2019/20: ?20,790 million). The Western/Southern Europe and Eastern Europe 
segments are expected to contribute to this increase, while the DACH segment, which has been affected for the longest 
time due to temporary store closures and strict restrictions in Germany in connection with COVID-19, is expected to 
show a slight decline. 
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:        +49 (0)211 5408-7225 
Fax:          +49 (0)211 5408-7005 
E-mail:       stephanie.ritschel@ceconomy.de 
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 
 
End of Announcement  DGAP News Service 
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1225814 11-Aug-2021 CET/CEST

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August 11, 2021 11:36 ET (15:36 GMT)