The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Volker Bosse - Baader-Helvea Equity Research - Analyst
: Volker Bosse, Baader Bank. Congratulations on the encroaching set of results. I would like to start with your comment on consumers' purchasing
power remains under pressure. How do you see that in your figures? How do the consumers react? Do they trade down or what do you see behind
this statement? And second would be on the sales split by product group. So just as a rough indication, what is highlight, what is lowlight in regards
to product sales? So which product segments performs better, which worse? And the third question would be on the same service and solutions
business, which remains stable at 6.5% in comparison to group sales. Isn't this a bit below your expectation as you invested into smart powers path
and invested into this transformation into a service company? Your comment on that would be helpful. And finally, if I may just a brief one on July
current trading, how do you see things developing in regards to sales in July?
Question: Volker Bosse - Baader-Helvea Equity Research - Analyst
: One follow-up on your online sales. If I may say online sales is still down, I think that has also something to do with the COVID effect; however, how
do you see the future of your online sales channel and when do you return to positive online sales figures again in regards to, yes, sales growth?
Question: Adam Gildea - BofA Securities, Research Division - Analyst
: This is Adam Gildea from Bank of America. I had 2, please. First is on retail media. I was just wondering if you could give any quantification around
how it grew in the quarter and if it's growing at the rate you expected at the CMD when you outlined the new targets. And then second is on the
new web shop. I was wondering if you could talk through the services and solutions attachment rate. Are you seeing an uptick on the new platform?
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AUGUST 10, 2023 / 7:00AM, CECG.DE - Q3 2023 Ceconomy AG Earnings Call
Question: Clement Genelot - Bryan Garnier & Co Ltd, Research Division - Analyst
: I will have 3 questions. So the first one is on Germany. Were you able to reserve at least your markets in Germany, because if I remember well, you
said during your CMD that you have gained about 120 basis points year-to-date there. My second question is whether on the guidance, if I might,
the current consensus of expectations for the '23 EBIT implies an EBIT decline in Q4. So just wondering what's exactly your view on that and what
are your assumptions for in terms of demand and especially gross margin? Because if I'm right, in Q4 of last year, you have booked as well an
inventory write-off. So what should provide a kind of boost of this year? And my third question is rather on the services and repair. Could you give
us more color on your ongoing Space-as-a-Service team reorganization? Because some price articles recently mentioned about 400 job cuts at a
subsidiary named the Tec-Repair.
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AUGUST 10, 2023 / 7:00AM, CECG.DE - Q3 2023 Ceconomy AG Earnings Call
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