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In the past financial year, sales fell by 1.8 percent to around 20.8 billion euros, adjusted for currency and portfolio effects, due to the extensive shop closings in the wake of the pandemic. Medium term wants Ceconomy increase revenues to over 22 billion euros by 2022/23. The online business is to be expanded further and achieve a share of sales in the direction of 30 percent. In the past financial year, the e-commerce share was a good 20 percent. The group has set itself the goal of “building the largest omnichannel platform in Europe”.
Ceconomy wants to keep the Kfw loan as insurance for the time being. The company explained that no dividend payment is permitted for the duration. So far, Ceconomy has not drawn on the credit line.
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