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    CEC   DE0007257503

CECONOMY AG

(CEC)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 07/23 03:56:22 pm
4.061 EUR   +0.72%
07/21METRO AG : Barclays gives a Neutral rating
MD
07/19CECONOMY : Baader Bank gives a Buy rating
MD
07/19EUROPEAN MIDDAY BRIEFING : Stocks Slump as Travel -2-
DJ
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

PRESS RELEASE: CECONOMY AG: MediaMarktSaturn CFO Florian Wieser becomes new CFO of the CECONOMY Group

04/19/2021 | 12:32pm EDT
DGAP-News: CECONOMY AG / Key word(s): Personnel 
CECONOMY AG: MediaMarktSaturn CFO Florian Wieser becomes new CFO of the CECONOMY Group (news with additional features) 
2021-04-19 / 18:30 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
MediaMarktSaturn CFO Florian Wieser becomes new CFO of the CECONOMY Group 
- Florian Wieser, CFO of MediaMarktSaturn Retail Group, to serve as CECONOMY Group CFO as of 1 May 2021 
- CECONOMY CFO Karin Sonnenmoser is leaving the company by mutual agreement on 30 April 2021 
- Thomas Dannenfeldt, Chairman of the Supervisory Board: "The roll-up of Florian Wieser as Group CFO is an important 
step in establishing a uniform management structure of the CECONOMY Group" 
Düsseldorf, 19 April 2021 - CECONOMY AG (CECONOMY) has taken the first decisive step in establishing a uniform 
management structure of the CECONOMY Group. The Supervisory Board of CECONOMY today decided to appoint Florian Wieser, 
Chief Financial Officer (CFO) of MediaMarktSaturn Retail Group (MediaMarktSaturn) since November 2018, as CFO and 
member of the Management Board of CECONOMY with effect from 1 May 2021. He is assuming the mandate of Karin 
Sonnenmoser, who is leaving the company on 30 April 2021. The Supervisory Board and Karin Sonnenmoser have decided to 
part ways by mutual agreement. 
In addition to his function as CFO of CECONOMY, Florian Wieser will continue to act as Managing Director Finance of 
MediaMarktSaturn and has the full support of Convergenta Invest GmbH (Convergenta), the future largest shareholder of 
CECONOMY. 
"We are very pleased to have been able to recruit Florian Wieser as CFO in the run-up to the upcoming simplification of 
the governance structures of the CECONOMY group. In his role as CFO of MediaMarktSaturn, Florian Wieser has 
significantly increased the performance of the finance division in challenging times, demonstrated a clear focus on 
results and sustainably improved the steering capability of the business. He knows the business in detail like hardly 
anyone else", says Thomas Dannenfeldt, Chairman of the Supervisory Board of CECONOMY. 
"The Supervisory Board is very grateful to Karin Sonnenmoser for her achievements for CECONOMY. She has made a 
significant contribution to regaining trust and building a track record with the capital market. In an unpredictable 
time during the first wave of the COVID-19 pandemic, Karin Sonnenmoser played a key role in safeguarding access to 
additional liquidity in form of the KfW syndicated loan. Recently, she was also closely involved in finding a historic 
solution with the Kellerhals family and has set up important steps for the future corporate financing", says Thomas 
Dannenfeldt, Chairman of the Supervisory Board of CECONOMY. 
Karin Sonnenmoser assumed the position of CFO at CECONOMY in March 2019. She began her career at Volkswagen in 1995, 
where she was, among other positions, Secretary General of the Chairman of the Board of Management of Volkswagen AG. 
Thereafter she held a number of senior management positions in the areas of Finance and Controlling at the Volkswagen 
Group before she moved on in 2014 to assume the position of CFO at Zumtobel Group AG. 
After studying business administration, the business graduate Florian Wieser initially worked as a management 
consultant before joining METRO Group, where he held various senior finance positions between 2011 and 2017. Prior to 
his appointment as CFO of MediaMarktSaturn, Florian Wieser was CFO of the German country organization MediaMarktSaturn 
Germany and before that Vice President Operations & Finance for the Southern Europe region. 
*** 
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 
Website https://www.ceconomy.de/en/investor-relations/ 
Communications, Public Policy & Sustainability 
Telephone +49 (0) 151 5822-4202 
Email presse@ceconomy.de 
Website https://www.ceconomy.de/en/press/ 
=---------------------------------------------------------------------------------------------------------------------- 
Additional features: 
File: Corporate News_MediaMarktSaturn CFO Florian Wieser becomes new CFO of the CECONOMY Group 
=---------------------------------------------------------------------------------------------------------------------- 
2021-04-19 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:  1186375 
 
End of News   DGAP News Service 
=------------ 

1186375 2021-04-19

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1186375&application_name=news 
 

(END) Dow Jones Newswires

April 19, 2021 12:31 ET (16:31 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
CECONOMY AG 0.84% 4.066 Delayed Quote.-28.83%
DJ INDUSTRIAL 0.68% 35061.55 Delayed Quote.13.69%
SDAX 0.87% 16349.95 Delayed Quote.9.78%
SDAX PERFORMANCE INDEX 9:00-20:00 1.51% 16335.37 Delayed Quote.8.23%
VOLKSWAGEN AG -0.10% 208.6 Delayed Quote.36.99%
ZUMTOBEL GROUP AG -1.69% 8.7 Delayed Quote.45.08%
All news about CECONOMY AG
07/21METRO AG : Barclays gives a Neutral rating
MD
07/19CECONOMY : Baader Bank gives a Buy rating
MD
07/19EUROPEAN MIDDAY BRIEFING : Stocks Slump as Travel -2-
DJ
07/19CECONOMY : with strong trading in countries less affected by COVID-19 in the thi..
EQ
07/19PRESS RELEASE : CECONOMY with strong trading in countries less affected by COVID..
DJ
07/19PRESS RELEASE : CECONOMY with strong trading in -2-
DJ
07/15Ceconomy Might Resubmit MediaMarktSaturn Deal to Shareholder Vote
DJ
07/15DGAP-ADHOC : CECONOMY AG: Renewed resolution of a General Meeting regarding the ..
DJ
07/09CECONOMY : Baader Bank keeps its Buy rating
MD
07/09CECONOMY : Kepler Cheuvreux reiterates its Buy rating
MD
More news
Financials
Sales 2021 21 170 M 24 912 M 24 912 M
Net income 2021 160 M 189 M 189 M
Net Debt 2021 1 042 M 1 227 M 1 227 M
P/E ratio 2021 10,5x
Yield 2021 1,17%
Capitalization 1 469 M 1 728 M 1 729 M
EV / Sales 2021 0,12x
EV / Sales 2022 0,11x
Nbr of Employees 48 781
Free-Float 42,4%
Chart CECONOMY AG
Duration : Period :
Ceconomy AG Technical Analysis Chart | CEC | DE0007257503 | MarketScreener
Technical analysis trends CECONOMY AG
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 4,07 €
Average target price 5,54 €
Spread / Average Target 36,1%
EPS Revisions
Managers and Directors
Bernhard Düttmann Chairman-Management Board
Karin Sonnenmoser Chief Financial Officer
Thomas Dannenfeldt Chairman-Supervisory Board
Karin Dohm Independent Member-Supervisory Board
Julia Goldin Independent Member-Supervisory Board
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