Ceconomy Ag · XETR:CEC
Ceconomy — Ceconomy Ag Ord — Q1 2026 Earnings Presentation
34 slides from Ceconomy's earnings presentation, Feb 11, 2026
Slide 1: Q1 2025/26 Results Presentation, 11 February 2026
11 February 2026 MediaMarkt, Meydan Istanbul Shopping Mall, Türkiye
Slide 2: Business Update, Financial Performance, Outlook and summary
2 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 Business Update Financial Performance Outlook and summary MediaWorld, Foggia, Italy
Slide 3: CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026
3 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 1Online share including Marketplace NMV, pre-IAS 29.
Slide 4: Sales growth and adjusted EBIT growth vs. PY
4 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 • 12th quarter of growth • Sales driven by +3% like-for-like growth Sales growth1 Adjusted EBIT1 Earnings per Share • +11% adj. EBIT growth vs. PY growth vs. PY growth vs. PY • +23% increase in EPS 1Sales adjusted for
Slide 5: Online sales up, online share at 30.1%
5 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 • Online sales up +6.9%1 • Services & Solutions • Strong sales performance • Online share at 30.1%2, income increased strongly and improving up 160bp • Refurbished unit sales profitability in key grew fivefold countrie
Slide 6: Growth business targets and progress
6 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 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 progress2
Slide 7: All growth businesses increased substantially
7 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 Adj. EBIT1 Simplified illustration All growth businesses increased substantially • Services & Solutions • Marketplace • Private Label • Space-as-a-Service • Retail Media Gross profit share Growth Businesses Retail Core
Slide 8: Category and growth business highlights
8 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 • Strong growth in floorcare • Very strong growth across whole • Bundles and campaigns lift extended • Significant sales volume in gaming offering warranties hardware • Sales through non-original • Insurance now live o
Slide 9: BetterWay, Trade-In and Refurbished products
9 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 BetterWay sales share1 Trade-In products Refurbished products2 Momentum continues (in thousands) (in thousands) • Solid growth in BetterWay assortment • Successful first launch of a more 16% 205 efficient trade-in plat
Slide 10: Financial Performance
10 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 Business Update Financial Performance Outlook and summary MediaMarkt Core, Genk, Netherlands
Slide 11: Group sales performance and adjusted EBIT
11 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 Sales Performance (€m) Adjusted EBIT1 Solid group sales performance • Sales growth driven by all sales (+3.4%1 +€31 m channels (+0.5%) (+11%) • All time high online share of 30% 7,570 7,606 • Solid performance across
Slide 12: Results by region: DACH, Western/Southern Europe, Eastern Europe
12 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 DACH • Subdued sales growth mainly in Western/ Germany and Austria Eastern €m DACH Southern Others2 CECONOMY • Cost measures applied and to be Europe Europe accelerated in 2025/26 to react to Sales (pre-IAS 29) 3,952
Slide 13: Services & Solutions sales
13 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 Services & Solutions Sales1 (€m) • All Services & Solutions categories drove Q1 sales growth • Insurances now available on +13.7%1 Marketplace Germany • Positive growth both online and offline 421 378 Q1 24/25 Q1 25/2
Slide 14: 1P online sales
14 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 1P Online Sales1 (€m) • Double digit 1P online sales in most countries • Online sales share including +6.9%1 Marketplace up 160bps YoY to 30% • All time high online sales share since 2,183 COVID 2,076 Q1 24/25 Q1 25/2
Slide 15: Gross margin and OPEX ratio
15 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 Gross margin1 (%) OPEX ratio1 (%) Gross margin improvement • Improvement driven by growth businesses, contributing strongly to (+40bp -20bp profit growth 17.2% 17.6% 14.2% 14.0% Cost discipline continues to pay off •
Slide 16: Non-recurring items mainly reflect IAS 29 effects
16 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 • Non-recurring items mainly reflect IAS 29 effects €m 2024/25 2025/26 Change • Net financial result improvement driven by Türkiye Adjusted EBIT 279 311 +31 • Income taxes last year affected Non-recurring items -50 -1
Slide 17: Typical seasonal cash inflow from net working capital
17 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 • Typical seasonal cash inflow from net working capital • Good product availability drove sales growth -26 38 -62 1,520 1,404 • Strong liquidity position at the end of -116 the quarter 1,108 462 EBITDA Δ NWC Tax Other
Slide 18: Outlook and summary
18 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 Business Update Financial Performance Outlook and summary MediaWorld Gaming Village, Lucca, Italy
Slide 19: Outlook
19 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 • − • − 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). Accounting e
Slide 20: CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026
20 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026
Slide 21: Summary: experience electronics strategy and outlook confirmed
21 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 Our experience electronics strategy is grounded in higher customer satisfaction Strong Q1 performance thanks to balanced country portfolio and growth businesses Our growth businesses are integral and continue to expan
Slide 22: Disclaimer
22 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 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 thi
Slide 23: Questions & Answers
CECONOMY Questions & Answers Dr. Kai-Ulrich Deissner Remko Rijnders CEO CFO
Slide 24: Investor Relations contact
CECONOMY Investor Relations Website Media-Saturn Straße 1 85053 Ingolstadt Germany Kaistraße 3 40221 Düsseldorf Germany CECONOMY Press Website Phone +49 (211) 5408 7226 Vice President Investor Relations, Corporate Mobile +49 (151) 4225 6418 Communications and Public Policy Email fabienne.caron@cecon
Slide 25: Financial calendar
25 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 18 February 13 May 30 July 27 October 14 December 2026 2026 2026 2026 2026
Slide 26: Appendix
26 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 Appendix MediaWorld Xpress, Anzano, Italy
Slide 27: Other non-recurring effects Q1 2025/26
27 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 Other non-recurring effects Q1 2025/26 • IAS 29 -€13 m 311 -1 -16 -1 293 • Retail Tax Hungary -€2 m At equity investment and portfolio impacts Q1 2025/26 • Fnac -€1 m Adjusted EBIT1 Efficiency Others At equity Reporte
Slide 28: IAS 29 effect on gross margin
28 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 • IAS 29 effect: − negative impact on reported gross margin Gross margin (%) − Neutral in OPEX ratio as OPEX and 17.6 -0.3 0.3 17.6 sales are adjusted concurrently • Other includes all further non- recurring items Adj
Slide 29: Net working capital
29 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 €m 30/09/2024 31/12/2024 Change 30/09/2025 31/12/2025 Change Inventories 3,114 3,694 580 3,210 3,744 534 Trade receivables and similar claims 560 697 137 628 735 107 Receivables due from suppliers 1,292 1,902 610 1,27
Slide 30: Negative net impact from IAS 29 on reported sales
30 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 • Negative total net impact from IAS 29 on reported sales • Switching KPIs analysis to pre-IAS 29 more appropriate and closer to the underlying operating performance 3.4 0.0 2.5 0.9 0.5 0.4 Reported IAS 29 Growth in €
Slide 31: Reported sales Q1
31 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 €m Reported sales IAS 29 effect Sales pre-IAS 29 Reported sales IAS 29 effect Sales pre-IAS 29 Q1 7,570 +15 7,555 7,606 -15 7,621 Growth Fx-and Like-for-like Portfolio Growth in € Reported Sales growth from portfolio
Slide 32: Reported vs. adjusted EBIT and EPS
32 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 Reported Incl. adjustments €m 2024/25 2025/26 Change 2024/25 2025/26 Change Comment Reported EBIT 229 293 +64 229 293 +64 Impairments 29 0 -29 Poland Adjustment: IAS 29 7 13 +6 Türkiye Adjustment: At-Equity (Fnac Dart
Slide 33: ESG ratings
33 CECONOMY - MediaMarktSaturn Results Presentation Q1 2025/26 on 11 February 2026 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 0-10 15.8 13.3 13.3 D- D C- C B- B A- A Disclosure Awareness Management Leadership B A- A- D- D D+ C- C C+ B- B B+
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