Ceconomy Reports Revenue Decline, Blames Turkish Lira Volatility
Summary by Bazaar Times
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Ceconomy Reports Revenue Decline, Blames Turkish Lira Volatility
Europe’s leading electronics retailer Ceconomy, the parent company of MediaMarkt and Saturn, announced its financial results for the third quarter of the 2024/2025 fiscal year, reporting a 2.3% drop in sales revenue to €4.8 billion. The company cited inflation in Türkiye — and more specifically the volatility of the Turkish lira — as the main reason for the decline. “If the Lira Had Remained Stable, Sales Could Have Increased by 2%” According to…
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