Ceconomy 3Q Net Loss Narrowed; Backs Fiscal Year View

Datum : 13/08/2019 @ 07h55
Quelle : Dow Jones News
Name : Ceconomy AG (CEC)
Kurs : 1.874  -0.029 (-1.52%) @ 17h35
Ceconomy share price Chart

Ceconomy 3Q Net Loss Narrowed; Backs Fiscal Year View

Ceconomy (XE:CEC)
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   By Olivia Bugault 
 

Ceconomy AG (CEC.XE) said Tuesday that net loss from continuing operations narrowed in the third quarter, and backed its full-year guidance.

The German retailer of electrical goods said its net loss from continuing operations in its third quarter narrowed to 48 million euros ($53.8 million) from EUR104 million a year earlier as Germany and Italy performed well.

Sales for the quarter edged down to EUR4.57 billion from EUR4.59 billion, the company said.

Ceconomy confirmed its targets for the full year, which include a slight growth in sales compared with the previous period and for net capital to decline "moderately."

 

Write to Olivia Bugault at olivia.bugault@dowjones.com

 

(END) Dow Jones Newswires

August 13, 2019 01:40 ET (05:40 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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