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    CEC   DE0007257503

CECONOMY AG

(CEC)
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PRESS RELEASE : CECONOMY AG settles post-pandemic financing structure: Existing KfW syndicated loan agreement replaced by ESG-linked syndicated credit facilities

07/30/2021 | 10:01am EDT
DGAP-News: CECONOMY AG / Key word(s): Financing 
CECONOMY AG settles post-pandemic financing structure: Existing KfW syndicated loan agreement replaced by ESG-linked 
syndicated credit facilities 
2021-07-30 / 16:00 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
CECONOMY AG settles post-pandemic financing structure: Existing KfW syndicated loan agreement replaced by ESG-linked 
syndicated credit facilities 
Düsseldorf, 30 July 2021 - CECONOMY AG ("CECONOMY") has settled its post-pandemic financing structure with the 
termination of its syndicated revolving loan agreement with the participation of KfW and implementation of its new 
ESG-linked syndicated revolving credit facilities. The EUR1.7 billion loan facility of the existing syndicated loan 
agreement with the participation of KfW was concluded in mid-May 2020 during the first wave of the COVID-19 pandemic 
and complemented CECONOMY's existing credit facilities of EUR980 million at that time. It purely served as a back-up line 
and was never drawn. 
The company had already laid the foundation for its long-term post-pandemic financing structure in May of this year 
with the signing of new ESG-linked syndicated revolving credit facilities in the amount of EUR1.06 billion. The new 
facilities have a diverse maturity profile and are split into an initial five-year tranche with a volume of EUR707 
million and an initial three-year tranche with a volume of EUR353 million. In addition, CECONOMY issued an inaugural EUR500 
million 5-year senior unsecured bond in June of this year, thereby further enhancing its long-term financing structure. 
Following the recent issuance of the 5-year senior unsecured bond, CECONOMY now concludes its post-pandemic financing 
structure with the implementation of the new ESG-linked syndicated revolving credit facilities. The new structure 
underpins CECONOMY's continued prudent financial policy, which still allows the company to cover liquidity needs even 
in extraordinary times. 
 
 
About CECONOMY 
CECONOMY AG empowers life in the digital world. It is leading for concepts and brands in the field of consumer 
electronics. The companies in the current CECONOMY portfolio have billions of consumer contacts per year and provide 
products, services and solutions that make life in the digital world easy and enjoyable, creating value for consumers 
and shareholders alike. 
Contact 
CECONOMY AG 
Kaistr. 3 
40221 Düsseldorf, Germany 
Investor Relations 
Telephone +49 (0) 211 5408-7222 
Email IR@ceconomy.de 
Creditor Relations 
Telephone +49 (0) 211 5408-7245 
Email creditor-relations@ceconomy.de 
Communications, Public Policy & Sustainability 
Telephone +49 (0) 151 5822-4202 
Email presse@ceconomy.de 
 
=---------------------------------------------------------------------------------------------------------------------- 
2021-07-30 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
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:  1223143 
 
End of News   DGAP News Service 
=------------ 

1223143 2021-07-30

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1223143&application_name=news 
 

(END) Dow Jones Newswires

July 30, 2021 10:00 ET (14:00 GMT)

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Financials
Sales 2021 21 216 M 24 857 M 24 857 M
Net income 2021 183 M 214 M 214 M
Net Debt 2021 1 034 M 1 212 M 1 212 M
P/E ratio 2021 8,07x
Yield 2021 1,55%
Capitalization 1 368 M 1 602 M 1 603 M
EV / Sales 2021 0,11x
EV / Sales 2022 0,10x
Nbr of Employees 45 254
Free-Float 42,4%
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Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 3,79 €
Average target price 5,44 €
Spread / Average Target 43,6%
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Managers and Directors
Karsten Wildberger Chief Executive Officer
Florian Wieser Chief Financial Officer
Thomas Dannenfeldt Chairman-Supervisory Board
Karin Dohm Independent Member-Supervisory Board
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