Ceconomy Ag · XETR:CEC
Ceconomy — Ceconomy Ag Ord — Q3 2026 Earnings Presentation
41 slides from Ceconomy's earnings presentation, Jul 30, 2026
Slide 1: Results Presentation Q3/9M 2025/26
Results Presentation Q3/9M 2025/26 30 July 2026 MediaMarkt, Leipzig, Germany
Slide 2: Business Update, Financial Performance, Outlook and summary
2 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 01 Business Update 02 Financial Performance 03 Outlook and summary Store opening, MediaMarkt Waregem, Belgium
Slide 3: Relentless focus on efficiency and customer centricity
3 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Relentless focus on efficiency and customer centricity AI Marketing production More Sustainable Services High-proximity Logistics • Centralized marketing production • Introduction of extended warranties for • 6 out of 8
Slide 4: We stay on course to reach our target for FY 2025/26
4 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 We stay on course to reach our targetfor FY 2025/26 • 14th consecutive quarter of profitable growth +5.0% +€62m +2 • Strong sales growth, 9M Sales growth1 9M adjusted EBIT1 9M NPS growth driven by +8.2% like- vs. PY gro
Slide 5: Strong momentum continues in Q3, leading to a successful 9M
5 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Strong momentum continues in Q3 , leading toa successful9M Omnichannel sales Growth businesses Countries • Online sales up +10.0%1 in • Services & Solutions • Strong sales performance 9M, even +18.3%1 in Q3 income incre
Slide 6: We will achieve or even surpass almost all our ambitions by FY 25/26
6 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 We will achieve or even surpass almost all our ambitions by FY 25/26 Business fields KPI FY 21/22 FY 22/23 FY 23/24 FY 24/25 Progress 25/26 Target FY 25/26 Retail Core Loyalty members 34 m 39 m 43 m 53 m 50 m Retail Cor
Slide 7: Ambitious targets announced at Strategy Day 2026
7 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Ambitious targets announced at Strategy Day 2026 Excerpt from Strategy Day 20261 1For further details please refer to the Strategy Day 2026 presentation on CECONOMY.de
Slide 8: Growth businesses will continue supporting profitability
8 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Growth businesses will continue supporting profitability Excerpt from Strategy Day 20261 1For further details please refer to the Strategy Day 2026 presentation on CECONOMY.de
Slide 9: Financial Performance
9 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 01 Business Update 02 Financial Performance 03 Outlook and summary MediaMarkt, Cologne, Germany
Slide 10: We continue to stay on track to meet our 2025/26 target
10 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 We continue to stayon track to meet our 2025/26 target Sales Performance (€m) Adjusted EBIT1 (€m) Strong group sales performance • Sales growth mainly driven by online (+5.0%1 +€62 m channel (+4.0%2) (+22%) • Strong pe
Slide 11: 9M adj. EBIT growth supported by all regions
11 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 9M adj. EBITgrowth supported by all regions DACH Segments 9M 2025/26 development • Positive LFL trend in Q3 in Germany Western/ drives positive 9M sales trajectory Eastern €m DACH Southern Others2 CECONOMY • Cost measu
Slide 12: EBIT growth continues thanks to growth businesses and cost discipline
12 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 EBIT growth continues thanks to growth businesses and cost discipline Gross margin1 (%) OPEX ratio1 (%) Gross margin improvement • Driven by positive impact from all growth businesses (+30bp flat 17.9% 18.2% 16.9% 16.9
Slide 13: Operational improvement partially offset by associates and tax effects
13 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Operationalimprovementpartially offset by associatesand tax effects • Non-recurring items2 reflect mainly: 9M Performance − Strong decline in Fnac associated to €m 2024/25 2025/26 Change -€34 m down €33 m year on year
Slide 14: Free Cash Flow stable in first nine months
14 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Free CashFlow stablein first nine months Free Cash Flow on previous years‘ level Free CashFlow (FCF) in 9M 2025/26 (YoY change, €m) • Free Cash Flow seasonally slightly negative in 9M, but reflects strong +29 -6 -128 +
Slide 15: Outlook and summary
15 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 01 Business Update 02 Financial Performance 03 Outlook and summary MediaWorld, Olimpia Milano Sponsorship
Slide 16: 2025/26 outlook confirmed and specified
16 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 2025/26 outlookconfirmed and specified Moderate increase in fx- and portfolio-adjusted sales − Western/Southern and Eastern Europe are expected to contribute to sales growth Around€500 m adjusted EBIT − Improvement dri
Slide 17: JD.com partnership – FDI progress update
17 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 JD.com partnership– FDI progress update(as of July 30th) Based on offer document Clearance✓ Ongoing process Austria Spain Germany Austria EU Germany Türkiye Italy Netherlands France Poland Spain H2 2026 Today Closing M
Slide 18: Summary of 9M 2025/26 results
18 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Summary of 9M 2025/26 results Our experience electronics strategy is grounded in 1 higher customer satisfaction Successfully established the foundation to create 2 “Moments of Trust” Strong 9M performance thanks to bal
Slide 19: Disclaimer and Notes
19 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Disclaimer and Notes This disclaimer shall apply in all respects to the entire presentation This presentation is intended for information only, does not constitute a The market research institutes which data CECONOMY u
Slide 20: Questions & Answers
20 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Questions & Answers Remko Rijnders CEO
Slide 21: Contact
21 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Contact CECONOMY Investor Relations Website Media-Saturn Straße 1 85053 Ingolstadt Germany Kaistraße 3 40221 Düsseldorf Germany CECONOMY Press Website Phone +49 (211) 5408 7234 Dr. Kerstin Achterfeldt Mobile +49 (151)
Slide 22: Financial calendar
22 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Financial calendar Q4/FY 2025/26 Q4/FY 2025/26 Trading Statement results 27 October 14 December 2026 2026
Slide 23: Appendix
23 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Appendix
Slide 24: Q3 sales and EBIT performance
24 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Q3 sales and EBIT performance Sales Performance (€m) Adjusted EBIT1 (+8.0%1 +€19m (+9.6%) 5,273 4,810 -5 -24 Q3 24/25 Q3 25/26 Q3 24/25 Q3 25/26 1Sales growth adjusted for fx- and portfolio effects, pre-IAS 29. EBIT at
Slide 25: Gross margin and OPEX ratio in Q3
25 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Gross margin and OPEX ratio in Q3 Gross margin1 (%) OPEX ratio1 (%) (+30bp -10bp 18.6% 19.3% 19.2% 18.3% Q3 24/25 Q3 25/26 Q3 24/25 Q3 25/26 1Adjusted for fx- and portfolio effects, pre-IAS 29, and adjusted for non-rec
Slide 26: Q3 Services & Solutions and online sales performance
26 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Q3 Services & Solutions and online sales performance Services & Solutions Sales1 (€m) 1P Online Sales1 (€m) +6.6%1 +18.3%1 1,333 1,140 309 324 Q3 24/25 Q3 25/26 Q3 24/25 Q3 25/26 1Excluding portfolio effects, pre-IAS 2
Slide 27: 9M Services & Solutions and online sales performance
27 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 9MServices & Solutions and online sales performance S&S Sales1 (€m) 1P Online Sales1 (€m) +10.6%1 +10.0%1 4,841 4,472 1,075 992 9M 24/25 9M 25/26 9M 24/25 9M 25/26 1Excluding portfolio effects, pre-IAS 29. Growth addit
Slide 28: Q3 segment performance
28 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Q3 segment performance Q3 Performance Western/ Eastern €m DACH Southern Others CECONOMY Europe Europe Sales (pre-IAS 29) 2,585 1,668 953 10 5,215 Growth1 (%) +3.1 +4.1 +32.5 +16.1 +8.0 Like-for-like (%) +5.1 +2.4 +31.3
Slide 29: Sustainability KPIs
29 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 SustainabilityKPIs BetterWay sales share1 Trade-In products Refurbished products2 (in thousands) (in thousands) +3%p. -1.0% +348% 13% 588 10% 357 354 131 9M 24/25 9M 25/26 9M 24/25 9M 25/26 9M 24/25 9M 25/26 1Restated
Slide 30: Q3 P&L overview
30 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Q3 P&L overview Q3 Performance €m 2024/25 2025/26 Change Sales 4,810 5,273 +463 Adjusted EBIT1 -24 -5 +19 Non-recurring items -47 -43 5 Associates 26 -10 -36 Others -22 -34 -12 EBIT reported -71 -48 +23 Net financial r
Slide 31: Reported EBIT bridge
31 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Reported EBIT bridge Efficiency measures EBIT Q3 2025/26 bridge EBIT 9M 2025/26 bridge • Mainly optimization measures in Germany 342 -37 -34 Others -34 237 • Q3: IAS 29 accounting (-€7 m), Retail Tax Hungary and costs
Slide 32: Reported to adjusted gross margin and OPEX ratio
32 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Reported to adjusted gross margin and OPEX ratio • IAS 29 effect: Q3 2025/26 bridge 9M 2025/26 bridge − Negative impact on reported gross margin Gross margin (%) − Neutral in OPEX ratio as OPEX and 18.6 18.1 18.2 18.0
Slide 33: Reported net working capital
33 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Reported net working capital Q3 2024/25 Q3 2025/26 €m 31/03/2025 30/06/2025 Change 31/03/2026 30/06/2026 Change Inventories 3,299 3,121 -178 3,429 3,323 -106 Trade receivables and similar claims 577 615 38 684 708 24 R
Slide 34: Q3/9M 2025/26 hyperinflation accounting
34 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Q3/9M 2025/26 hyperinflation accounting • Positive net impact from Impact of IAS 29, fx - and Portfolio effects on Q3/9M Sales growth (%) IAS 29 on reported sales • Switching KPIs analysis to pre-IAS 29 Q3 more appropr
Slide 35: Application of IAS 29, hyperinflation accounting
35 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Application of IAS 29, hyperinflation accounting 2024/25 2025/26 €m Reported sales IAS 29 effect Sales pre-IAS 29 Reported sales IAS 29 effect Sales pre-IAS 29 Q1 7,578 +15 7,563 7,615 -15 7,630 Q2 5,253 -43 5,296 5,46
Slide 36: From reported to adjusted net profit — Q3 2025/26
36 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 From reported to adjusted net profit —Q32025/26 Reported Incl. adjustments €m Q3 24/25 Q3 25/26 Change Q3 24/25 Q3 25/26 Change Comment Reported EBIT -71 -48 +23 -71 -48 +23 Impairments 2 0 -2 Poland Adjustment: IAS 29
Slide 37: From reported to adjusted net profit — 9M 2025/26
37 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 From reported to adjusted net profit —9M 2025/26 Reported Incl. adjustments €m 9M 24/25 9M 25/26 Change 9M 24/25 9M 25/26 Change Comment Reported EBIT 186 237 +51 186 237 +51 Impairments 34 0 -34 Poland Adjustment: IAS
Slide 38: Restatement of previous quarters: 2024/25 and Q1 2025/26
38 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Restatement of previous quarters: 2024/25 and Q1 2025/26 2024/25 2025/26 Q1 Q3 Q3 Q4 FY Q1 €m Reported Restated Reported Restated Reported Restated Reported Restated Reported Restated Reported Restated Sales 7,570 7,57
Slide 39: Stores per country
39 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Storesper country Country/Segment Stores 30/09/2025 Openings Closures Stores 30/06/2026 Germany 403 1 6 398 Austria 56 0 0 56 Switzerland 45 0 1 44 Hungary 40 0 0 40 DACH 544 1 7 538 Belgium 28 1 0 29 Italy 145 9 2 152
Slide 40: Our commitment to sustainability is reflected in our ratings
40 CECONOMY - MediaMarktSaturn Results Presentation Q3/9M 2025/26 on 30 July 2026 Our commitment to sustainability is reflected in our ratings Rating agency Scale FY 22/23 FY 23/24 FY 24/25 Trend CCC B BB BBB A AA AAA A AA AA Laggard Average Leader Severe High Med. Low Negl. 40+ 30-40 20-30 10-20 0-
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