In spite of the crisis in the case of Media Markt & Saturn: mother-to-group makes large profit

The electronics retailer Ceconomy, with its well-known subsidiaries Media Markt and Saturn, has recorded, in spite of a profound crisis of profits. The bottom line is 20 million euros in the second quarter of the fiscal year (until the end of March) left, as the company announced on Tuesday in Düsseldorf. In the previous year, a loss of 47 million euros had been recorded, after Ceconomy had made substantial write-downs on the investment in the previous parent company, Metro.The sales, however, decreased in the second quarter of the year to 2 percent to 5 billion euros. Also adjusted for currency effects and portfolio changes, business went back. A calendar effect, impacted by the late Easter, as well as a weak business in Western and southern Europe. The best Saturn coupons in may, Media Markt and Saturn: win: hundreds of Bodies to be Media Markt and Saturn deleted vbefinden in one of the most serious crises since its Foundation. Photo: Armin Weigel/dpa Ceconomy has to contend with competition from Online retailers hard, but could expand their own Online business. The corresponding revenues in the second quarter increased by 13.4 percent and reached a share of 13.9 per cent of the total turnover.Not least because of the Online competition, the group is in the midst of a drastic transformation. In the case of Media Markt and Saturn, hundreds of Posts in the administration should be eliminated, such as Media-Saturn-Chef Ferran Reverter at the end of April announced. Ceconomy of employees in Germany according to its own information of around 27,000 employees, including the electronics markets. Worldwide, the number of employees amounts to over 60,000. Download: latest offer Flyer Download rating Media Markt Prospekt KW 30 Chip-assessment of The current Media market prospectus Hard promises – and Software at the best price. To Download Saturn brochure / Flyer KW 19 Chip-assessment Well In the current Saturn prospectus (Flyer), you will see all of the current technology-deals of the week. To Download