By Olivia Bugault

Ceconomy AG (CEC.XE) said late Wednesday that fourth-quarter sales slightly increased and that it has reached its sales targets for its fiscal year 2019.

Sales during the last quarter of the year edged up 0.9% to 5 billion euros ($5.56 billion), compared with EUR4.95 billion during the same period last year, the German retailer said. Adjusted for currency and portfolio change effects, sales rose 0.5%.

Ceconomy said that it has achieved its sales target for the fiscal year.

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

(END) Dow Jones Newswires

October 24, 2019 02:14 ET (06:14 GMT)

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