News & Press

// Sales¹ increase by 7.4 % year-on-year to €4.5 billion in Q3 2022/23, to €16.9 billion in the first nine months (+5.9 %¹) // Customer satisfaction – NPS (net promoter score) reaches 55, the highest-ever figure // EBIT² significantly improves by €43 million, nine-month figure at €149 million // Free cash flow increases by nearly €1 billion year-on-year in the first nine months // Outlook for 2022/23 revised: CECONOMY commits to positive scenario with moderateincrease in total sales adjusted for exchange rate effects and a clear increase in adjusted EBIT compared with the previous year

MediaMarktSaturn, together with business and strategy consultancy Accenture, successfully hosted a hackathon on Large Language Models (LLMs) for two days. Large Language Models, which are a well-known by the popular chatbot ChatGPT among others, are large generative language models with Artificial Intelligence. They are capable of understanding, processing and generating natural language.

Supervisory Board of mother company CECONOMY AG has appointed Dr Karsten Wildberger for five more years ahead of schedule. Dr Karsten Wildberger has been Chief Executive Officer (CEO) of CECONOMY AG and MediaMarktSaturn since August 2021. At the same time, Wildberger remains Labour Director at CECONOMY AG and Chairman of the Management Board (CEO) of Media-Saturn-Holding GmbH.

MediaMarktSaturn is taking the next step in the further development of its brick-and-mortar business and for an even better customer experience: Europe's leading consumer electronics retailer is opening the first new store in the Xpress format in Germany and presenting the "Look&Feel Evolution" of its Core format in Italy.

FY 2021/22 ‘s adj. EBIT set to double to over €500 m in FY 2025/26 with FCF of c. €200 m