Ceconomy announced a double bonanza with a promising ‘Strategic Day’ and the resolution of its dispute with MediaMarkt Saturn’s minority shareholder Convergenta. We believe this deal is a win-win situation and the company’s performance is likely to improve further in the forecast years. However, Ceconomy might to face the issue of two CEOs (one of them might need to move out) in the mid-term.
18 Dec 2020
Strong closure to FY19/20, clubbed with a promising strategy update
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Strong closure to FY19/20, clubbed with a promising strategy update
Ceconomy announced a double bonanza with a promising ‘Strategic Day’ and the resolution of its dispute with MediaMarkt Saturn’s minority shareholder Convergenta. We believe this deal is a win-win situation and the company’s performance is likely to improve further in the forecast years. However, Ceconomy might to face the issue of two CEOs (one of them might need to move out) in the mid-term.