Düsseldorf (Reuters) - The retail giant Ceconomy, famous for its brands Saturn and Media Markt, is now searching for a new CEO to fill Karsten Wildberger's shoes, as he steps into the Federal Government's Digital Ministry.
Economy Corporation seeks a new CEO.
Step up, Dr. Kai-Ulrich Deissner, who now stands as interim CEO, and Remko Rijnders, the new interim CFO. Deissner's been CFO of Ceconomy AG and MediaMarktSaturn Retail Group since February 2023, while Rijnders has led MediaMarkt BeNeLux since 2020.
Ceconomy's chart:
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Ensuring a stable hierarchy and clear leadership, Deissner and Rijnders will handle the roles until a permanent successor is found. Sleeves rolled up, our man Wildberger embarks on his new mission within the Federal Government.
Ceconomy |(Report by Tom Käckenhoff, edited by Ralf Bansser. For further questions, feel free to reach our newsroom at [email protected] (Politics and Economics) or [email protected] (Companies and Markets).)
Ceconomy
Investment insights:
Xetra ·
- Average Price Target: The average price target for Ceconomy's stock is €3.70, offering a potential upside of approximately 11.43% from the current price.[2]
- Analyst Consensus: The consensus among analysts is a "Moderate Buy" rating for Ceconomy's stock.[2]
- Financial Metrics: Ceconomy boasts a gross margin of 16.85%, an operating margin of 1.02%, and a net profit margin of 0.34%. The company currently has a net cash position of €101 million, with total cash and marketable securities amounting to €2.49 billion and total debt of €2.59 billion.[2]
- Dr. Kai-Ulrich Deissner, who is currently the interim CEO of Ceconomy AG and MediaMarktSaturn Retail Group, and Remko Rijnders, the new interim CFO, will manage the roles until a permanent successor for the CEO position is found.
- As Karsten Wildberger steps into the Federal Government's Digital Ministry, he leaves behind his position as the CEO of Ceconomy, a retail giant known for its brands Saturn and Media Markt.
- The average price target for Ceconomy's stock is €3.70, offering a potential upside of approximately 11.43% from the current price, according to investment insights.
- The consensus among analysts for Ceconomy's stock is a "Moderate Buy" rating, suggesting a positive outlook for the company's business and finance in the technology sector.
