JD.com acquires a more profitable Ceconomy than expected. The parent company of MediaMarkt and Saturn will close the 2024/25 financial year with higher profits and turnover, even more than the electronics retailer had anticipated.
25% more profit
At Germany’s Ceconomy, revenue (excluding exchange rates) climbed 5.7% to €23.1 billion in the past fiscal year. According to preliminary figures, adjusted operating profit (EBIT) excluding special items also rose by around 25% to €380 million. This means that the group narrowly exceeded the forecast of around €375 million, which was adjusted in July.
