Ceconomy Ag · XETR:CEC
Ceconomy — Ceconomy Ag Ord — Q4 2025 Earnings Presentation
49 slides from Ceconomy's earnings presentation, Dec 17, 2025
Slide 1: 17 December 2025
17 December 2025 MediaWorld SMART, Bolzano, Italy
Slide 2: Business Update, Financial Performance, Outlook and summary
2 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Business Update Financial Performance Outlook and summary
Slide 3: Key figures 2024/25
3 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 61 €337 m (up 3 from 2023/24) (up 180% from 2023/24) €23.1 bn €378 m (up 5.7%1 from 2023/24) (up 24% from 2023/24) 1Sales adjusted for fx- and portfolio effects, pre-IAS 29. EBIT at current rate, additionally adjust
Slide 4: Business update highlights
4 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 • Substantial progress in all growth • Record high NPS driven by customer • Roll out already in 4 countries with businesses centric strategy current expansion in 5 more • Strong growth in personalised offer • Rollou
Slide 5: Strategic KPIs and targets
5 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Retail Core Loyalty members 34 m 39 m 43 m 53 m 50 m Retail Core Online share1 25% 23% 24% 26% c. 30% Retail Core Modernisation rate 30% 50% 64% 75% > 90% 9.1 weeks 9.3 weeks 8.8 weeks Retail Core Stock reach progre
Slide 6: Gross profit and split
6 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Gross profit and split 36% 33% 64% 67% Growth businesses consisting of Services & Solutions, Marketplace, Private Label and Retail Media
Slide 7: Retail Core update
7 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 • Integration of MyMediaMarkt and • Online sales driven by solid growth • Fully on track to reach 2025/26 MySaturn in Germany in visits and conversion 90% target • Expansion of loyalty program into • Pick-up rate at
Slide 8: Services & Solutions update
8 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 • Strong growth across all product categories, especially • Experience Zones and Entrance Statements now in over insurances and installations 700 stores • Türkiye and Spain by far the strongest YoY growth • Around 2
Slide 9: Retail Media update
9 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 • Sales of audio line substantially supported by Robbie • Launch of Offsite Program to reach high-intent Williams campaign audiences across the open web • Accessories continue as the strongest product category • Ver
Slide 10: Marketplace rollout
10 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Rolled out Rollout 2026 • With Türkiye now active in 8 countries • GMV at €527 m +90% YoY growth • EBIT generation more than doubled • Further expansion into Hungary and Switzerland in 2026 • New verticals and inte
Slide 11: BetterWay, trade-in and refurbished
11 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 BetterWay sales share Trade-In products Refurbished products Momentum continues (in thousands) (in thousands) • BetterWay sales share now at 25%, ahead of plan (c. 20% by FY 25/26) • Increased average trade-in valu
Slide 12: People highlights
12 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 • Net Promoter People all time high at 42 (+ 4 YoY) • AI as a core tool to empower and train employees • Top leadership female share up 250 bps YoY • Employees from 134 nations contribute to our success • Advanceme
Slide 13: CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025
13 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025
Slide 14: Financial Performance
14 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Business Update Financial Performance Outlook and summary MediaMarkt Core, Munich-Haidhausen, Germany
Slide 15: Outlook vs. actuals 2024/25
15 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 “Around 375” “Clear Increase” (Updated in July 2025) “Moderate Increase” 1Sales adjusted for fx- and portfolio effects, pre-IAS 29. EBIT at current rate, additionally adjusted for non-recurring effects and excludin
Slide 16: Reported sales and adjusted EBIT development
16 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Reported sales (€m) Adj. EBIT1 (€m) Moderate c. 500 growth 22,242 22,442 23,072 21,768 378 305 243 208 FY 21/22 FY 22/23 FY 23/24 FY 24/25 FY 25/26 FY 21/22 FY 22/23 FY 23/24 FY 24/25 FY 25/26 CAGR1 21/22 – 24/25 +
Slide 17: Sales performance and adjusted EBIT
17 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Sales Performance (€m) Adjusted EBIT1 Again strong sales performance • Solid growth in all four quarters (+5.7%1 • Strong 6.9% LFL in Q4 +€72 m (+2.8%) 22,442 23,072 378 And even stronger profit growth • Full year
Slide 18: Profit growth driven by DACH and West/South
18 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Profit growth driven by DACH and West/South Western/ • DACH sales growth carried by Eastern €m DACH Southern Others CECONOMY substantial performance in Switzerland Europe Europe and Hungary – highest EBIT improveme
Slide 19: Services & Solutions sales
19 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Services & Solutions Sales1 (€m) • Strong S&S Sales growth in all countries, except Poland, substantial growth in Türkiye +12.5%1 • Warranty extensions as key contributor followed by consumer financing 1,342 1,210
Slide 20: 1P Online sales
20 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 1P Online Sales1 (€m) • Solid online market share gains in all countries except Poland • Double digit online sales growth in +13.3%1 most countries • Online sales share including 5,733 Marketplace up 240bps YoY to
Slide 21: Gross margin and OPEX ratio
21 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Gross margin1 (%) OPEX ratio1 (%) Gross margin improvement • Growth businesses, especially Services & Solutions ensure margin uplift (+30bp -10bp 18.0% 18.3% Strict cost discipline bears fruits 17.4% 17.3% • Sustai
Slide 22: Adjusted EBIT to net profit
22 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 • Operating performance surged with +24% adj. EBIT increase YoY • Net financial result impacted by €m 2023/24 2024/25 Change refinancing of bond in PY and fx-effects • Tax negatively impacted by IAS 29 and Adjusted
Slide 23: Free cash flow improvement
23 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Improvement of +€218 m vs. previous year • NWC increase driven by sales +27 -25 +83 +128 +2 +214 +4 momentum leading to higher trade payables • Tax cash-in from tax refunds for 55 -112 previous years 942 165 -249 •
Slide 24: Outlook and summary
24 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Business Update Financial Performance Outlook and summary MediaMarkt Core, Vösendorf, Austria
Slide 25: Outlook 2025/26
25 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 • − • − The outlook is adjusted for portfolio changes and does not take into account the earnings effects from companies accounted for using the equity method (Fnac Darty S.A. and Power Retail Sweden AB). Accountin
Slide 26: CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025
26 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025
Slide 27: Summary
27 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Strong performance in 2024/25 in a challenging market Our experience electronics strategy translates into greater customer satisfaction Our growth businesses are an integral part of our business and continue to gro
Slide 28: Disclaimer
28 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 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 used as basis for
Slide 29: Questions & Answers
CECONOMY Questions & Answers Dr. Kai-Ulrich Deissner Remko Rijnders CEO CFO
Slide 30: Investor Relations contacts
CECONOMY Investor Relations Website Media-Saturn Straße 1 85053 Ingolstadt Germany Kaistraße 3 40221 Düsseldorf Germany MediaMarktSaturn Press Website Phone +49 (211) 5408 7226 Vice President Investor Relations, Corporate Mobile +49 (151) 4225 6418 Communications and Public Policy Email fabienne.car
Slide 31: Financial calendar
31 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 11 February 18 February 13 May 30 July 27 October 14 December 2026 2026 2026 2026 2026 2026
Slide 32: Appendix
32 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Appendix
Slide 33: Q4 sales performance and adjusted EBIT
33 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Sales Performance (€m) Adjusted EBIT1 (+7.0%1 +€16 m (+4.8%) 5,453 5,206 119 103 2023/24 2024/25 2023/24 2024/25 1Sales growth adjusted for fx- and portfolio effects, pre-IAS 29. EBIT at current rate, additionally
Slide 34: Q4 results by region
34 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Western/ Eastern €m DACH Southern Others CECONOMY Europe Europe Sales (pre-IAS 29) 2,699 1,834 865 0 5,397 Growth1 (%) 1.3 3.9 +36.3 - +7.0 Like-for-like (%) +1.5 +3.7 +36.3 - +6.9 IAS 29 56 56 Sales (post-IAS 29)
Slide 35: Full year income statement
35 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 €m 2023/24 2024/25 Change Adjusted EBIT1 305 378 +72 • Operating performance surge with Non-recurring items -52 -137 -85 +24% adj. EBIT increase YoY EBIT reported 254 241 -13 • Net financial result impacted by refi
Slide 36: Q4 income statement
36 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 €m 2023/24 2024/25 Change Adjusted EBIT1 103 119 +16 • Q4 adj EBIT improvement by +€16 m Non-recurring items -33 -43 -10 • Non recurring items mainly include EBIT reported 71 76 +6 €32 m transactions costs for the
Slide 37: Q4 Services & Solutions and 1P Online sales
37 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Services & Solutions Sales1 (€m) 1P Online Sales1 (€m) +10.0%1 +17.5%1 349 1,261 325 1,099 2023/24 2024/25 2023/24 2024/25 1Excluding portfolio effects, pre-IAS 29. Growth additionally adjusted for fx-effects. Up t
Slide 38: Q4 gross margin and OPEX ratio
38 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Gross margin1 (%) OPEX ratio1 (%) (+40bp -10bp 19.3% 19.7% 18.4% 18.3% 2023/24 2024/25 2023/24 2024/25 1Adjusted for fx- and portfolio effects, pre-IAS 29, and adjusted for non-recurring effects.
Slide 39: Other non-recurring effects FY 2024/25
39 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Other non-recurring effects FY 2024/25 • Impairment Poland -€34 m 378 -13 • Transaction costs JD.com -€32 m • IAS 29 -€18 m -121 • Restructuring Poland -€8 m 241 -3 • Retail Tax Hungary -€7 m At equity investment a
Slide 40: IAS 29 effect on margin and OPEX ratio
40 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 • IAS 29 effect: − negative impact on reported gross margin Gross margin (%) − Neutral in OPEX ratio as OPEX and 19.7 -0.2 0.0 19.5 18.3 18.0 sales are adjusted concurrently -0.2 -0.1 • Other includes all further n
Slide 41: Net working capital
41 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 €m 30/06/2024 30/09/2024 Change 30/06/2025 30/09/2025 Change Inventories 3,132 3,114 -18 3,121 3,210 89 Trade receivables and similar claims 545 560 15 615 628 13 Receivables due from suppliers 1,167 1,292 125 1,11
Slide 42: IAS 29 impact on reported sales
42 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 • Negative total net impact from IAS 29 on reported sales in FY 2024/25 – positive impact for Q4 reported sales • Switching KPIs analysis to pre-IAS 29 7.0 more appropriate and closer to the 0.0 underlying operatin
Slide 43: Quarterly sales and growth pre-IAS 29
43 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 €m Reported sales IAS 29 effect Sales pre-IAS 29 Reported sales IAS 29 effect Sales pre-IAS 29 Q1 6,984 -19 7,003 7,570 +15 7,555 Q2 5,334 +45 5,289 5,246 -43 5,289 Q3 4,918 +102 4,816 4,803 -113 4,916 Q4 5,206 -4
Slide 44: Full year reported vs. adjusted EPS
44 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Reported Incl. adjustments €m 2023/24 2024/25 Change 2023/24 2024/25 Change Comment Reported EBIT 254 241 -13 254 241 -13 Impairments 0 34 +34 Poland Adjustment: IAS 29 30 18 -12 Türkiye Adjustment: At-Equity (Fnac
Slide 45: Q4 reported vs. adjusted EPS
45 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Reported Incl. adjustments €m 2023/24 2024/25 Change 2023/24 2024/25 Change Comment Reported EBIT 71 76 +6 71 76 +6 Impairments 0 0 0 Poland Adjustment: IAS 29 2 -3 -5 Türkiye Adjustment: At-Equity (Fnac Darty S.A.
Slide 46: Sales and stores by country
46 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 Country/Segment Sales (€m) FY 2023/24 Sales (€m) FY 2024/25 Stores 30/09/2024 Openings Closures Stores 30/09/2025 Germany 9,530 9,549 396 8 1 403 Austria 1,327 1,335 55 1 0 56 Switzerland 568 639 25 20 0 45 Hungary
Slide 47: Services & Solutions definition and quarterly sales
47 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 • From Q1 2024/25 our Services & Solutions definition only includes Operational Services & Solutions, in line with our Key Pledge 2025/26 Financial period Q1 Q2 Q3 Q4 FY shown at Capital Markets Day 2023 • Services
Slide 48: ESG ratings
48 CECONOMY - MediaMarktSaturn Results Presentation Q4/FY 2024/25 on 17 December 2025 CCC B BB BBB A AA AAA A AA Laggard Average Leader Severe High Med. Low Negl. 40+ 30-40 20-30 10-20 0-10 15.8 13.3 D- D C- C B- B A- A Disclosure Awareness Management Leadership B A- D- D D+ C- C C+ B- B B+ A- A A+
Slide 49: Slide 49