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(RTTNews) – CECONOMY AG (MTAGF.PK, MTTRY.PK) reported that its fiscal year 2021/22 adjusted operating earnings or adjusted EBIT was 197 million euros compared to 237 million euros, prior year. Adjusted sales increased by 3.2% to 21.8 billion euros. Like-for-like sales were up 3.5 percent.
The Group noted that its sales in October and November exceeded previous year’s level.
For fiscal 2022/23, the company expects a clear increase in earnings and a slight increase in sales. CECONOMY noted that if the macroeconomic environment develops less favorably than currently foreseen, the company would have to factor in clear declines in sales and earnings.
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