There were no major surprises in Ceconomy’s Q3 results. The announcement of new steps (harmonisation of management structure and standardisation of processes across all count) and c.€100m cost savings from FY22/23 seems to bode well for the investor’s sentiment. We maintain a positive stance on the stock valuation.
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Moving ahead slow and steady
There were no major surprises in Ceconomy’s Q3 results. The announcement of new steps (harmonisation of management structure and standardisation of processes across all count) and c.€100m cost savings from FY22/23 seems to bode well for the investor’s sentiment. We maintain a positive stance on the stock valuation.