Ceconomy 3Q Net Loss Narrowed; Backs Fiscal Year View
13 August 2019 - 7:55AM
Dow Jones News
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)
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