Ceconomy AG (CHIX:CECd)
€ 3.053 0 (0%) Market Cap: 1.25 Bil Enterprise Value: 2.73 Bil PE Ratio: 17.36 PB Ratio: 2.45 GF Score: 60/100

Ceconomy AG Annual Shareholders Meeting Transcript

Feb 12, 2020 / 09:00AM GMT
Release Date Price: €5.27 (+0.38%)
Bernhard Düttmann
Ceconomy AG - CEO, Labour Director & Member of Management Board

Good morning, honorable shareholders of CECONOMY AG. Dear guests, ladies and gentlemen, on behalf of the Management Board, I would like to extend a cordial welcome to you on the occasion of CECONOMY AG's Annual General Meeting.

Exactly 1 year ago, I stood here also in a function as interim Board member of CECONOMY. Since then, a lot has happened in the operating business and with the further development of the company, which is also true with respect to the top management team. I was delegated yet again from the Supervisory Board to join the Management Board this time as CEO, where I'm working together closely with the Supervisory Board and with the CEO and with Karin Sonnenmoser and Ferran Reverter and his team in Ingolstadt, to steer the company back on the tracks of success.

Let's talk about the contents. First, I would like to look at the business of the past financial year, then look at transformation of the company and take a look ahead to the forecast of the business year 2019 and '20 and the

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