Ceconomy expects 131 million euro operating loss in fiscal Second quarter
Reuters
Published Apr 17, 2020 16:58
FRANKFURT (Reuters) - German electronics retailer Ceconomy (DE:CECG) said measures to contain the coronavirus have hit its business, resulting the company posting an operating loss in its fiscal second quarter.
Sales adjusted for currency effects and portfolio changes are expected to fall by approximately 6.6% and the company is now expecting to report an adjusted loss before interest and taxes for the second quarter 2019/20 of 131 million euros.
Ceconomy is due to publish full second-quarter 2019/20 results on May 14, 2020.
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Written By: Reuters
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